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Chevy Chase Trust

SEC-registered adviser since 1997Bethesda, MDCRD 110742

$44.9B
AUM
1,245
Clients
See fees
Fee
42
Advisory staff

From Form ADV filed 31 March 2026 · data retrieved 15 October 2026SEC record

Chevy Chase Trust is an investment adviser headquartered in Bethesda, Maryland, and registered with the SEC since 1997. Its clients include pooled investment vehicles, high-net-worth individuals and charitable organizations. High-net-worth individuals account for 28% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, and educational seminars. Fee arrangements include a percentage of assets under management and fixed fees. Chevy Chase Trust Holdings, LLC owns 75% or more of Chevy Chase Trust.

Clients

Chevy Chase Trust serves 1,245 clients, 1,177 of them high-net-worth individuals. The average client has about $36 million with the firm, and high-net-worth clients hold 28% of its $44.9 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals1,177 clients28%
  • Pooled investment vehicles4 clients70%
  • OtherInvestment companies, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Corporations and other businesses, Other2%
Show client breakdown
High-net-worth individuals
Clients
1,177
Regulatory AUM
$12,453,355,696
Share
27.7%
Avg. per client
$10.6M
Investment companies
Clients
1
Regulatory AUM
$43,613,938
Share
0.1%
Avg. per client
$43.6M
Pooled investment vehicles
Clients
4
Regulatory AUM
$31,565,001,770
Share
70.3%
Avg. per client
$7.89B
Pension and profit-sharing plans
Clients
2
Regulatory AUM
$10,720,505
Share
0.0%
Avg. per client
$5.36M
Charitable organizations
Clients
46
Regulatory AUM
$713,972,779
Share
1.6%
Avg. per client
$15.5M
State or municipal government entities
Clients
3
Regulatory AUM
$8,214,075
Share
0.0%
Avg. per client
$2.74M
Corporations and other businesses
Clients
11
Regulatory AUM
$105,621,553
Share
0.2%
Avg. per client
$9.60M
Other
Clients
1
Regulatory AUM
$24,770,383
Share
0.1%
Avg. per client
$24.8M

Total

Clients
1,245
Regulatory AUM
$44,925,270,699
Share
100%
Avg. per client
$36.1M

What it does

Chevy Chase Trust provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, educational seminars and other activities. It is paid through a percentage of assets and fixed fees.

Chevy Chase Trust provided financial planning to 1,000 clients last fiscal year and advises no private funds.

100.0% of assets ($44.93B across 5,097 accounts) are managed with discretion. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks62%
  • Funds1%
  • Bonds29%
    • State and local bonds22%
    • Investment grade corporate bonds5%
    • U.S. government and agency bonds2%
  • Cash6%
  • Other2%
    • Partnerships, llps, llcs.2%

Custodians

Chevy Chase Trust’s client accounts are held mainly at Reliance Trust, with 29% of managed assets. Chevy Chase Trust has custody of $44.44B for 4,997 clients.

Managed account assets by custodian
  • Reliance TrustReliance Trust Company · Atlanta, GA · $12.87B29%
  • All other custodians$32.05B71%

Ownership and leadership

Chevy Chase Trust Holdings, LLC owns 75% or more of Chevy Chase Trust.

Who owns the firm
Chevy Chase Trust Company· the adviser

  • Chevy Chase Trust Holdings, LLC

    Control person · since February 2009

    Owns 75% or more of Chevy Chase Trust Company

Leadership

  • John Whitaker
    President, CEO and Director
  • Joel Friedman
    Chief Financial Officer
  • Lynn Panagos
    Chief Operating Officer
  • Paul Duncan
    Chief Compliance Officer
  • George Clancy
    Director
  • Gilbert Grosvenor
    Director
  • Kevin Heilenday
    General Counsel
  • William McSweeny
    Director
  • Howard Platts
    Director
  • Earl Powell
    Director
  • Bernard Saul
    Chairman of the Board of Directors and Director
  • Patricia Saul
    Vice Chair of the Board of Directors and Director
  • Wendelin White
    Director

Staff

  • 119 employees
  • 42 in advisory functions
  • 38 state-registered reps

Fees

Chevy Chase Trust is paid through a percentage of assets under management and fixed fees (other than subscription fees).

Chevy Chase Trust’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Chevy Chase Trust has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Maryland · 1 listed address

  • 7501 Wisconsin Avenue, 15th Floor, BethesdaHQ

Other business names

Chevy Chase Trust has reported 2 other business names to the SEC.

  • CCT Asset Management
  • Chevy Chase Trust Investment Advisors

Registration details

Legal name
Chevy Chase Trust Company
Headquarters
7501 Wisconsin Avenue, 15th Floor, Bethesda, MD 20814
Phone
240-497-5000
Website
www.chevychasetrust.com
SEC file
801-55134
Structure
Maryland corporation
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Chevy Chase Trust have?

Chevy Chase Trust has 1,245 clients and manages $44.9 billion for them, as of March 2026. They include 1,177 high-net-worth individuals, 46 charitable organizations and 11 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026

What services does Chevy Chase Trust offer?

Chevy Chase Trust provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, educational seminars and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Chevy Chase Trust use?

Chevy Chase Trust’s separately managed account assets are held at Reliance Trust Company (Atlanta, GA), with $12,874,769,414. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026

How many financial advisors does Chevy Chase Trust have?

Chevy Chase Trust has 38 investment adviser representatives registered with state securities authorities, out of 119 employees, and 42 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 Chevy Chase Trust invest in?

At the end of its last fiscal year, Chevy Chase Trust’s separately managed accounts held 62% exchange-traded equities, 22% state and local bonds, 6% cash and equivalents, 5% investment grade corporate bonds, 2% U.S. government and agency bonds, 2% partnerships, llps, llcs. and 1% registered funds (mutual funds, ETFs, BDCs). It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Chevy Chase Trust?

Chevy Chase Trust is owned through a trust by Bernard Saul. Its direct owner is Chevy Chase Trust Holdings, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026

How does Chevy Chase Trust get paid?

Chevy Chase Trust 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

Sources

  1. Form ADV Part 1A, amendment filed 31 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 110742.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Chevy Chase Trust Company and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.