Check Capital Management Inc (Costa Mesa)


Check Capital Management Inc is a large advisory firm based in Costa Mesa. It manages $1.33 billion of regulatory assets for 2,355 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Check Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Check Capital Management: assets under management

The assets under management (AUM) of Check Capital Management Inc is $1.33 billion. The firm's AUM has grown by 1120% since the beginning of its operation, and $7.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.26 billion in discretionary accounts and $72.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $613.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $233.04 thousand.
Check Capital Management has custody of $1.1 billion in cash and securities for 1,035 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is derivatives, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Check Capital Management Inc for their services and products based on a percentage of assets under management, subscription fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Glenn Check serves?

The firm provides services to investment companies, high net worth individuals, and corporations or other businesses. The largest group of clients of Steven Glenn Check is high net worth individuals with 1,831 clients and $1.24 billion of assets under management. Among the 7 most similar advisory firms, Check Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.33 billion for 1,865 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Check Capital Management doesn't advise any private funds.

Careers at Check Capital Management Inc

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 20 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steven Glenn Check has been acting as President since 1 Jan 1990. Robert Phillip Hill joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Steven Glenn Check President 1 Jan 1990 75% - 100% 1549561
Peter Wellington Hughes Research analyst 1 Jun 1998 Other 4216340
Jonathan James Meeks Chief compliance officer 1 Aug 2004 Other 1259496
Peter Wellington Hughes Research analyst 1 Oct 2007 Other 4216340
Robert Phillip Hill Chief compliance officer 1 Jan 2014 Other 5676409

Based in Costa Mesa

The principal office where Check Capital Management Inc performs its advisory services is located at 575 Anton Blvd, Costa Mesa, CA 92626 7685, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 714-641-3579 or by fax 714-641-8128. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at checkcapital.com/.