{"url":"https://nivawealth.com/firms/westchester-capital-management-110961","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110961","regulatoryAum":691339297,"crd":"110961","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2585833","suffix":null,"lastName":"CHRISTENSEN","firstName":"CINDY","middleName":"LOU"},{"crd":"2992112","suffix":null,"lastName":"ERICKSON-NELSON","firstName":"DONNA","middleName":"CHARLOTTE"},{"crd":"6738214","suffix":null,"lastName":"Vogt","firstName":"Maximilian","middleName":"Wilhelm"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2020-09-29","regulatoryAum":357620656,"clients":441,"employees":8,"offices":1},{"filedOn":"2021-12-06","regulatoryAum":431736338,"clients":440,"employees":8,"offices":1},{"filedOn":"2023-01-09","regulatoryAum":427182448,"clients":459,"employees":8,"offices":1},{"filedOn":"2024-02-09","regulatoryAum":452458376,"clients":472,"employees":8,"offices":1},{"filedOn":"2024-09-27","regulatoryAum":502744938,"clients":468,"employees":9,"offices":1},{"filedOn":"2025-09-23","regulatoryAum":556302985,"clients":467,"employees":7,"offices":1},{"filedOn":"2026-09-25","regulatoryAum":691339297,"clients":469,"employees":9,"offices":1}],"secFileNumber":"801-28498","legalName":"Westchester Capital Management Inc","displayName":"Westchester Capital Management","slug":"westchester-capital-management-110961","website":"https://westchestercapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1987","organization":"Nebraska corporation","fiscalYearEnd":"June","headquarters":{"street":"801 North 96th St","city":"Omaha","state":"NE","stateName":"Nebraska","country":"United States","postalCode":"68114-2538"},"tradeNames":[],"registration":{"secApproved":"19 December 1986","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1398969.7995545657,"staff":{"employees":9,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":691339297,"discretionary":691339297,"discretionaryAccounts":681,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":26},"clientTypes":[{"label":"Individuals (other than HNW)","clients":239,"regulatoryAum":69980640},{"label":"High-net-worth individuals","clients":210,"regulatoryAum":558156800},{"label":"Pension and profit-sharing plans","clients":9,"regulatoryAum":29904135},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":225663},{"label":"Corporations and other businesses","clients":11,"regulatoryAum":33072059}],"feePrograms":[{"role":"main","program":"Investment advisory services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059067","versionId":1059067,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-09-25","documentName":"FORM ADV PART 2A - 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They include 239 individual clients, 210 high-net-worth individuals, and 11 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Westchester Capital Management offer?","answer":"Westchester Capital Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and retirement plan services.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Westchester Capital Management charge?","answer":"Westchester Capital Management charges 0.35%–1.00% a year for its Investment advisory services. The fee is billed in arrears, is negotiable and requires an account of at least $100,000.","source":"FORM ADV PART 2A - FIRM BROCHURE, filed 25 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Westchester Capital Management use?","answer":"Westchester Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $691M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Westchester Capital Management have?","answer":"Westchester Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 9 employees, and 3 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 Westchester Capital Management invest in?","answer":"At the end of its last fiscal year, Westchester Capital Management’s separately managed accounts held 84% exchange-traded equities, 16% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% registered funds (mutual funds, ETFs, BDCs).","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":"Does Westchester Capital Management have a minimum investment?","answer":"Yes, Westchester Capital Management’s minimum account size for its Investment advisory services is $100K.","source":"FORM ADV PART 2A - FIRM BROCHURE, filed 25 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Westchester Capital Management?","answer":"Westchester Capital Management’s direct owner is Cindy Christensen (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 25 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Westchester Capital Management get paid?","answer":"Westchester Capital Management is paid through a percentage of assets under management. 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"}},{"question":"Is Westchester Capital Management registered with the SEC?","answer":"Yes, Westchester Capital Management has been registered with the SEC as an investment adviser since 19 December 1986. Its CRD number is 110961 and its SEC file number is 801-28498.","source":"Form ADV Part 1A, Item 1, filed 25 September 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Westchester Capital Management?","answer":"Westchester Capital Management’s main office is at 801 North 96th St, Omaha, NE 68114-2538. Its phone number is 402-392-2418. 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Facts as filed; not a rating, ranking, or recommendation. Niva 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."}