Capital Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
Capital Wealth Management reports 655 clients. They include 423 high-net-worth individuals, 180 individual clients, and 52 pension and profit-sharing plans. Of its assets, 99.9% ($1.14B across 657 accounts) are managed with discretion; $636K across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 27% | 4% |
| High-net-worth individuals | 65% | 64% |
| Pension and profit-sharing plans | 8% | 32% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 180 | $47.4M | 4.2% | $263K |
| High-net-worth individuals | 423 | $726M | 63.8% | $1.72M |
| Pension and profit-sharing plans | 52 | $363M | 31.9% | $6.98M |
| Charitable organizations | Fewer than 5 | $531K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $473K | 0.0% | — |
| Total | 655 | $1.14B | 100% | — |
- Clients
- 180
- Regulatory AUM
- $47.4M
- AUM share
- 4.2%
- Avg. per client
- $263K
- Clients
- 423
- Regulatory AUM
- $726M
- AUM share
- 63.8%
- Avg. per client
- $1.72M
- Clients
- 52
- Regulatory AUM
- $363M
- AUM share
- 31.9%
- Avg. per client
- $6.98M
- Clients
- Fewer than 5
- Regulatory AUM
- $531K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $473K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 655
- Regulatory AUM
- $1.14B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Capital Wealth Management charges 0.50%–1.25% a year for its Asset Management Services. The fee is billed in advance, is negotiable and requires an account of at least $750,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting is charged as a fixed fee, typically $500 to $5,000, depending on the client's circumstances.
- Retirement Plan Consulting
- Pension consulting is charged up to 1.25% of plan assets a year, or a fixed annual fee typically $20,000, negotiable.
Capital Wealth Holdings, LLC owns 75% or more of Capital Wealth Management and is in turn owned by Capital Wealth Inc. (75% or more). Lee Duckworth is CEO; the leadership team includes Chief Investment Officer Lawrence Dooley. It has 16 employees, 9 of them in advisory roles.
Staff
- 16 employees
- 9 in advisory functions
- 9 state-registered reps
- 6 broker-dealer reps
- 5 insurance agents
- 2 soliciting firms
- Owns 75% or more of Capital Wealth Management, LLC
Capital Wealth Holdings, LLC
Control person · since January 2018
- Owns 75% or more of Capital Wealth Holdings, LLC
Capital Wealth Inc.
Control person · since January 2018
- Owns 75% or more of Capital Wealth Inc.
Lee Duckworth
Control person · since May 2010
Capital Wealth Management’s regulatory assets grew 1.8× from $650M (March 2021) to $1.14B (July 2026); clients rose from 548 to 655 and employees fell from 20 to 16.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $1.14B | 655 | 16 | 1 |
| Jul 2025July 2025 | $1B | 628 | 17 | 1 |
| Mar 2024March 2024 | $858M | 599 | 17 | 2 |
| Apr 2023April 2023 | $772M | 549 | 17 | 2 |
| Mar 2022March 2022 | $765M | 533 | 16 | 2 |
| Mar 2021March 2021 | $650M | 548 | 20 | 3 |
Besides its headquarters, Capital Wealth Management has 0 offices, with 1 listed address in 1 state.
Rhode Island · 1 listed address
- 1300 Division Road, Suite 203, West WarwickHQ
Contact and registration details
- Legal name
- Capital Wealth Management, LLC
- Headquarters
- 1300 Division Road, Suite 203, West Warwick, RI 02893
- Website
- capitalwealthllc.com
- Phone
- 401-885-1060
- SEC file
- 801-76539
- Structure
- Delaware LLC
- Fiscal year end
- December
Capital Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($846M, 86%) and Ascensus Trust ($139M, 14%). Capital Wealth Management has custody of $200M for 219 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $846M86%
- Ascensus TrustAscensus Trust Company · Dresher, PA · $139M14%
At year end, Capital Wealth Management’s separately managed accounts were mostly in funds (87%). Its reported 13F holdings for the quarter ended 30 June 2026 total $416M across 39 positions; the largest are Vanguard Index Fds (10.7%), SPDR Series Trust (8.9%) and Vanguard Index Fds (8.6%).
What the accounts hold
- Stocks7%
- Funds87%
- Bonds4%
- Investment grade corporate bonds3%
- State and local bonds1%
- Cash2%
How many clients does Capital Wealth Management have?
Capital Wealth Management has 655 clients and manages $1.14 billion for them, as of July 2026. They include 423 high-net-worth individuals, 180 individual clients, and 52 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026
What services does Capital Wealth Management offer?
Capital Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Capital Wealth Management charge?
Capital Wealth Management charges 0.50%–1.25% a year for its Asset Management Services. The fee is billed in advance, is negotiable and requires an account of at least $750,000.
Source: 07 08 2026 CWM FORM ADV PART 2A AND 2B FINAL, filed 8 July 2026
Which custodians does Capital Wealth Management use?
Capital Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $846M and Ascensus Trust Company (Dresher, PA), with $139M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026
How many financial advisors does Capital Wealth Management have?
Capital Wealth Management has 9 investment adviser representatives registered with state securities authorities, out of 16 employees, and 9 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 5 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Capital Wealth Management invest in?
At the end of its last fiscal year, Capital Wealth Management’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 3% investment grade corporate bonds, 2% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Capital Wealth Management have a minimum investment?
Yes, Capital Wealth Management’s minimum account size for its Asset Management Services is $750K.
Source: 07 08 2026 CWM FORM ADV PART 2A AND 2B FINAL, filed 8 July 2026
Who owns Capital Wealth Management?
Capital Wealth Management is owned through a chain of holding companies by Lee Duckworth. Its direct owner is Capital Wealth Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 July 2026
How does Capital Wealth Management get paid?
Capital Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Capital Wealth Management?
Capital Wealth Management’s main office is at 1300 Division Road, Suite 203, West Warwick, RI 02893. Its phone number is 401-885-1060. Its website is capitalwealthllc.com.