Check Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for investment companies. Financial planning was provided to 51–100 clients last fiscal year.
Check Capital Management reports 1,223 clients. They include 1,192 high-net-worth individuals, 30 corporations and other businesses, and 1 investment company. Of its assets, 90.6% ($2.15B across 2,086 accounts) are managed with discretion; $223M across 322 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 97% | 94% |
| Investment companies | <1% | 2% |
| Corporations and other businesses | 2% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1,192 | $2.23B | 93.9% | $1.87M |
| Investment companies | 1 | $45.8M | 1.9% | $45.8M |
| Corporations and other businesses | 30 | $98.2M | 4.1% | $3.27M |
| Total | 1,223 | $2.37B | 100% | $1.94M |
- Clients
- 1,192
- Regulatory AUM
- $2.23B
- AUM share
- 93.9%
- Avg. per client
- $1.87M
- Clients
- 1
- Regulatory AUM
- $45.8M
- AUM share
- 1.9%
- Avg. per client
- $45.8M
- Clients
- 30
- Regulatory AUM
- $98.2M
- AUM share
- 4.1%
- Avg. per client
- $3.27M
Total
- Clients
- 1,223
- Regulatory AUM
- $2.37B
- AUM share
- 100%
- Avg. per client
- $1.94M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Check Capital Management charges 1.00% a year for its Asset-based management fee. The fee is billed in advance and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Profit-based management fee
- For clients who are qualified clients, a fee of 10% of account profits above the high-water mark, assessed at each annual fee assessment date, as an alternative to the asset-based fee.
Steven Check owns 75% or more of Check Capital Management. The leadership team of Check Capital Management includes President Steven Check and Chief Compliance Officer Robert Hill. It has 12 employees, 9 of them in advisory roles.
Leadership
- Steven CheckPresident
- Robert HillChief Compliance Officer
- Christopher BallardDirector
- Robert HillDirector
- Ryan KinneyDirector
- Jeremy SaltzbergDirector
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
- Christopher Blair Ballard
- Steven Glenn Check
- Alan Drew Ebright
- Robert Phillip Hill II
- Ryan Scott Kinney
- Jonathan James Meeks
- Jeremy Ian Saltzberg
- John Conley Thatcher
- James Douglas Waite
Staff
- 12 employees
- 9 in advisory functions
- 9 state-registered reps
- 1 soliciting firm
- Owns 75% or more of Check Capital Management Inc
Steven Check
Control person · since January 1990
- Owns 5% to 10% of Check Capital Management Inc
Robert Hill
Control person · since January 2014
- Owns 5% to 10% of Check Capital Management Inc
Christopher Ballard
Control person · since January 2026
Check Capital Management’s regulatory assets grew 1.9× from $1.26B (March 2021) to $2.37B (August 2026); clients rose from 986 to 1,223 and employees from 10 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.37B | 1,223 | 12 | 1 |
| March 2025 | $2.09B | 1,193 | 12 | 1 |
| March 2024 | $1.74B | 1,136 | 11 | 1 |
| March 2023 | $1.4B | 1,493 | 11 | 1 |
| April 2022 | $1.61B | 1,210 | 10 | 1 |
| March 2021 | $1.26B | 986 | 10 | 1 |
Besides its headquarters, Check Capital Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 575 Anton BLVD, Ste 500, Costa MesaHQ
Contact and registration details
- Legal name
- Check Capital Management Inc
- Headquarters
- 575 Anton BLVD, Ste 500, Costa Mesa, CA 92626-7685
- Website
- checkcapital.com
- Phone
- 714-641-3579
- @check-capital-management-inc-
- SEC file
- 801-29001
- Founded
- 1987
- Structure
- California corporation
- Fiscal year end
- December
Check Capital Management uses Fidelity ($1.61B, 69%) and Charles Schwab ($710M, 31%) as custodians for its separately managed accounts. Check Capital Management has custody of $1.59B in client assets for 1,526 clients.
- FidelityNational Financial Services LLC · Boston, MA · $1.61B69%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $710M31%
At year end, Check Capital Management’s separately managed accounts were mostly in stocks (71%).
What the accounts hold
- Stocks71%
- Cash5%
- Other24%
- Derivatives24%
How many clients does Check Capital Management have?
Check Capital Management has 1,223 clients and manages $2.37 billion for them, as of August 2026. They include 1,192 high-net-worth individuals, 30 corporations and other businesses, and 1 investment company.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Check Capital Management offer?
Check Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for investment companies.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Check Capital Management charge?
Check Capital Management charges 1.00% a year for its Asset-based management fee. The fee is billed in advance and requires an account of at least $500,000.
Which custodians does Check Capital Management use?
Check Capital Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $1.61B and Charles Schwab & Co., Inc. (San Francisco, CA), with $710M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does Check Capital Management have?
Check Capital Management has 9 investment adviser representatives registered with state securities authorities, out of 12 employees, and 9 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Check Capital Management invest in?
At the end of its last fiscal year, Check Capital Management’s separately managed accounts held 71% exchange-traded equities, 24% derivatives and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Check Capital Management have a minimum investment?
Yes, Check Capital Management’s minimum account size for its Asset-based management fee is $500K.
Who owns Check Capital Management?
Check Capital Management’s direct owners are Steven Check (75% or more), Robert Hill (5% to 10%) and Christopher Ballard (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does Check Capital Management get paid?
Check Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions 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 Check Capital Management?
Check Capital Management’s main office is at 575 Anton BLVD, Ste 500, Costa Mesa, CA 92626-7685. Its phone number is 714-641-3579. Its website is checkcapital.com.