{"url":"https://nivawealth.com/firms/chevy-chase-trust-110742","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110742","regulatoryAum":44925270699,"crd":"110742","secFileNumber":"801-55134","legalName":"Chevy Chase Trust Company","displayName":"Chevy Chase Trust","website":"https://www.chevychasetrust.com/","linkedinUrl":"https://www.linkedin.com/company/chevychasetrust/","founded":null,"organization":"Maryland corporation","fiscalYearEnd":"December","headquarters":{"street":"7501 Wisconsin Avenue, 15th Floor","city":"Bethesda","state":"MD","stateName":"Maryland","country":"United States","postalCode":"20814"},"tradeNames":["CCT Asset Management","Chevy Chase Trust Investment Advisors"],"registration":{"secApproved":"24 December 1997","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":119,"advisory":42,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":44925270699,"discretionaryAccounts":5097,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":1177,"regulatoryAum":12453355696},{"label":"Investment companies","clients":1,"regulatoryAum":43613938},{"label":"Pooled investment vehicles","clients":4,"regulatoryAum":31565001770},{"label":"Pension and profit-sharing plans","clients":2,"regulatoryAum":10720505},{"label":"Charitable organizations","clients":46,"regulatoryAum":713972779},{"label":"State or municipal government entities","clients":3,"regulatoryAum":8214075},{"label":"Corporations and other businesses","clients":11,"regulatoryAum":105621553},{"label":"Other","clients":1,"regulatoryAum":24770383}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Reliance Trust Company","shortName":"Reliance Trust","location":"Atlanta, GA","smaAssets":12874769414}],"custodyNote":"Chevy Chase Trust has custody of $44.44B for 4,997 clients.","otherCustodians":[],"leadership":[{"name":"John Whitaker","title":"President, CEO and Director","crd":"4988593"},{"name":"Joel Friedman","title":"Chief Financial Officer","crd":"5907347"},{"name":"Lynn Panagos","title":"Chief Operating Officer","crd":"4718076"},{"name":"Paul Duncan","title":"Chief Compliance Officer","crd":"3061348"},{"name":"George Clancy","title":"Director","crd":"2981916"},{"name":"Gilbert Grosvenor","title":"Director","crd":"5773175"},{"name":"Kevin Heilenday","title":"General Counsel","crd":"7839443"},{"name":"William McSweeny","title":"Director","crd":"2743170"},{"name":"Howard Platts","title":"Director","crd":"5649604"},{"name":"Earl Powell","title":"Director","crd":"6945455"},{"name":"Bernard Saul","title":"Chairman of the Board of Directors and Director","crd":"1512547"},{"name":"Patricia Saul","title":"Vice Chair of the Board of Directors and Director","crd":"7055660"},{"name":"Wendelin White","title":"Director","crd":"6035969"}],"ownership":[{"label":"Chevy Chase Trust Holdings, LLC","detail":"Owner in the 75% or more ownership band and a control person, since February 2009."},{"label":"Westminster Investing, LLC","detail":"Indirect owner: a owner of Chevy Chase Trust Holdings, LLC in the 75% or more band and a control person, since February 2009.","parent":"Chevy Chase Trust Holdings, LLC"},{"label":"Chevy Chase Holdings, Inc.","detail":"Indirect owner: a owner of Westminster Investing, LLC in the 75% or more band and a control person, since February 2009.","parent":"Westminster Investing, LLC"},{"label":"Bernard Saul","detail":"Indirect owner: a owner of Chevy Chase Holdings, Inc. in the 75% or more band and a control person, since February 2009.","parent":"Chevy Chase Holdings, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Maryland","offices":1,"addresses":[{"street":"7501 Wisconsin Avenue, 15th Floor","city":"Bethesda","headquarters":true}]},{"state":"Virginia","offices":1,"addresses":[{"street":"8201 Greensboro Drive","city":"McLean"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"240-497-5000","stateRegisteredReps":38,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Educational seminars/workshops","Other"],"financialPlanningClients":"1000","assetMix":[{"label":"Exchange-traded equity securities","percent":62},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":22},{"label":"Investment grade corporate bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Cash and cash equivalents","percent":6},{"label":"Other","percent":2,"detail":"Partnerships, LLPS, LLCS."}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110742/PDF/110742.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Chevy Chase Trust have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Chevy Chase Trust offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Chevy Chase Trust use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Chevy Chase Trust have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Chevy Chase Trust invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Chevy Chase Trust?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Chevy Chase Trust get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}