Cheviot Value Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 500 clients last fiscal year.
Cheviot Value Management reports 619 clients. They include 291 individual clients, 287 high-net-worth individuals, and 32 pension and profit-sharing plans. Of its assets, 100.0% ($1.17B across 1,215 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 47% | 10% |
| High-net-worth individuals | 46% | 86% |
| Pension and profit-sharing plans | 5% | 2% |
| Charitable organizations | 1% | 2% |
| 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) | 291 | $117M | 10.0% | $401K |
| High-net-worth individuals | 287 | $1B | 85.6% | $3.49M |
| Pension and profit-sharing plans | 32 | $22.2M | 1.9% | $694K |
| Charitable organizations | 9 | $18.1M | 1.6% | $2.02M |
| Corporations and other businesses | Fewer than 5 | $11.1M | 0.9% | — |
| Total | 619 | $1.17B | 100% | — |
- Clients
- 291
- Regulatory AUM
- $117M
- AUM share
- 10.0%
- Avg. per client
- $401K
- Clients
- 287
- Regulatory AUM
- $1B
- AUM share
- 85.6%
- Avg. per client
- $3.49M
- Clients
- 32
- Regulatory AUM
- $22.2M
- AUM share
- 1.9%
- Avg. per client
- $694K
- Clients
- 9
- Regulatory AUM
- $18.1M
- AUM share
- 1.6%
- Avg. per client
- $2.02M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.1M
- AUM share
- 0.9%
- Avg. per client
- —
Total
- Clients
- 619
- Regulatory AUM
- $1.17B
- 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
- 500
Cheviot Value Management charges 0.50%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$5M | 1.00% |
| $5M–$10M | 0.80% |
| $10M–$15M | 0.60% |
| $15M and above | 0.50% |
Fee details and sources
Other fees
- Budget Coaching
- Budget coaching is free with management of $500,000 or more; otherwise $900, with four more sessions available for $600 paid in advance.
- Financial Planning
- Financial planning is free with management of $500,000 or more; otherwise hourly at up to $700 an hour or a fixed fee not exceeding $10,000.
David Horvitz owns 50% to 75% of Cheviot Value Management. The leadership team of Cheviot Value Management includes Chief Compliance Officer James Whiting. It has 7 employees.
Leadership
- James WhitingChief Compliance Officer
- David HorvitzManaging Member, Trustee of the Horvitz Family Trust Dated 12/19/2006
- Darren PollockManaging Member, Portfolio Manager, Trustee of the Pollock Family Trust Dated 05/01/2011
- Kim PollockTrustee of the Pollock Family Trust Dated 05/01/2011
- Michelle HorvitzTrustee of the Horvitz Family Trust Dated 12/19/2006
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Ronald Joseph Briggs
- David Aaron Horvitz
- Martin Riyad Irani
- Amanda Madison Leger
- Paul Allen Matheson
- Darren Clay Pollock
- Catherine Spragge Siphron
- James Maxwell Whiting
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Cheviot Value Management, LLC
David Horvitz
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
Darren Pollock
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
The Horvitz Family Trust Dated 12/19/2006
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
The Horvitz Family Trust
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
The Pollock Family Trust Dated 05/01/2011
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
The Pollock Family Trust
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
Kim Pollock
Control person · since January 2013
- Owns 50% to 75% of Cheviot Value Management, LLC
Michelle Horvitz
Control person · since January 2013
Cheviot Value Management’s regulatory assets grew 2.2× from $534M (July 2021) to $1.17B (August 2026); clients rose from 372 to 619 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $1.17B | 619 | 7 | 6 |
| May 2025 | $963M | 494 | 8 | 1 |
| June 2024 | $823M | 466 | 5 | 1 |
| March 2023 | $676M | 445 | 5 | 1 |
| February 2022 | $623M | 398 | 4 | 1 |
| July 2021 | $534M | 372 | 5 | 1 |
Besides its headquarters, Cheviot Value Management has 5 offices (5 private residences, listed without an address), with 1 listed address in California.
California · 1 listed address
- 433 North Camden Drive, Suite 800, Beverly HillsHQ
Contact and registration details
- Legal name
- Cheviot Value Management, LLC
- Headquarters
- 433 North Camden Drive, Suite 800, Beverly Hills, CA 90210
- Website
- cheviot.com
- Phone
- 310-451-8600
- @cheviot-value-management-llc
- SEC file
- 801-77652
- Founded
- 1974
- Structure
- California LLC
- Fiscal year end
- December
Cheviot Value Management uses Charles Schwab ($1.17B) as custodian for its separately managed accounts. Cheviot Value Management has custody of $167M in client assets for 318 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.17B100%
At year end, Cheviot Value Management’s separately managed accounts were mostly in stocks (61%) and funds (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $984M across 443 positions; the largest are Berkshire Hathaway Inc. Del CL B New (12.1%), iShares 0-3 Month Treasury Bond ETF (10.3%) and Agnico Eagle Mines Ltd (6.5%).
What the accounts hold
- Stocks61%
- Funds27%
- Bonds9%
- Investment grade corporate bonds5%
- U.S. government and agency bonds2%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash3%
Reported 13F holdings
- $984M
- Reported 13F value
- 443
- Positions
- 56.3%
- In the 10 largest
- −1.2%
- Value vs. prior quarter
- Berkshire Hathaway Inc. Del CL B New12.1%
- iShares 0-3 Month Treasury Bond ETFETF10.3%
- Agnico Eagle Mines Ltd6.5%
- Alphabet Inc. Cap Stk CL A5.8%
- State Street Doubleline Total Return Tactical ETFETF5.5%
- Johnson & Johnson4.0%
- iShares Iboxx $ Investment Grade Corporate Bond ETFETF3.6%
- Flexshares Iboxx 5 Year Target Duration Tips Index FundETF3.3%
- Visa Inc. Com CL A2.8%
- Meta Platforms Inc. CL A2.5%
Together, the ten largest are 56.3% of reported value.
How many clients does Cheviot Value Management have?
Cheviot Value Management has 619 clients and manages $1.17 billion for them, as of August 2026. They include 291 individual clients, 287 high-net-worth individuals, and 32 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 August 2026
What services does Cheviot Value Management offer?
Cheviot Value Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Cheviot Value Management charge?
Cheviot Value Management charges 0.50%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Cheviot Value Management use?
Cheviot Value Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.17B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 August 2026
How many financial advisors does Cheviot Value Management have?
Cheviot Value Management has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 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 Cheviot Value Management invest in?
At the end of its last fiscal year, Cheviot Value Management’s separately managed accounts held 61% exchange-traded equities, 27% registered funds (mutual funds, ETFs, BDCs), 5% investment grade corporate bonds, 3% cash and equivalents, 2% U.S. government and agency bonds, 1% state and local bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cheviot Value Management?
Cheviot Value Management’s direct owners are David Horvitz (50% to 75%), Darren Pollock (50% to 75%), the Horvitz Family Trust Dated 12/19/2006 (50% to 75%), the Horvitz Family Trust (50% to 75%), the Pollock Family Trust Dated 05/01/2011 (50% to 75%), the Pollock Family Trust (50% to 75%), Kim Pollock (50% to 75%) and Michelle Horvitz (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 14 August 2026
How does Cheviot Value Management get paid?
Cheviot Value Management is paid through a percentage of assets under management, hourly charges 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
Is Cheviot Value Management registered with the SEC?
Yes, Cheviot Value Management has been registered with the SEC as an investment adviser since 15 February 2013. Its CRD number is 166291 and its SEC file number is 801-77652.
Source: Form ADV Part 1A, Item 1, filed 14 August 2026; IAPD firm record
How do I contact Cheviot Value Management?
Cheviot Value Management’s main office is at 433 North Camden Drive, Suite 800, Beverly Hills, CA 90210. Its phone number is 310-451-8600. Its website is cheviot.com.