Wealth manager, independent · West Warwick, RI
Capital Wealth Management, LLC
SEC-registered investment adviser · CRD 157959 · SEC 801-76539
At a glance
Capital Wealth Management, LLC is an SEC-registered investment adviser based in West Warwick, Rhode Island, with $1.1B in regulatory assets under management as of its Form ADV filed July 8, 2026. It reports 603 individual clients, 423 of them high-net-worth, holding an average of about $1.3 million each, and 16 employees. That ranks it 965th among the nation’s 5,657 independent wealth management RIAs and 3rd of 27 in Rhode Island. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Ascensus Trust.
Main office 401-885-1060capitalwealthllc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #965 of 5,657
- Rank among all SEC RIAs
- #4,991 of 17,210
- Rank in Rhode Island
- #3 of 27
- Individual clients
- 603
- High-net-worth clients
- 423
- Accounts
- 660
- Discretionary
- 100% of AUM
- Employees
- 16
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Lee A. DuckworthPresident, Chief Executive Officer and Chief Compliance Officer
- Brian A. GlatzDirector of Research
- Lawrence F. DooleyChief Investment Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Capital Wealth Management, LLC is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed July 2026) names Osaic Wealth as the broker-dealer its advisers are registered with.
Item 10, several management persons are Registered Representatives of a broker dealer, Osaic Wealth, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 423 | $726M | 64% |
| Pension and profit sharing plans | 52 | $363M | 32% |
| Individuals | 180 | $47M | 4% |
| Charitable organizations | – | $1M | <1% |
| Corporations or other businesses | – | $0M | <1% |
Disciplinary disclosures
Capital Wealth Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗capitalwealthllc.com ↗
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The full record on Capital Wealth Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 3,207 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Rhode Island
All of Rhode Island →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Parsons Capital Management IncProvidence | $2.4B | 695 |
| Young Richard C & Co LTDNewport | $1.8B | 798 |
Background
Questions
How much does Capital Wealth Management, LLC manage?
Capital Wealth Management, LLC reports $1.1B in regulatory assets under management across 660 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 8, 2026.
How many clients does Capital Wealth Management, LLC have?
It reports 603 individual clients: 423 high-net-worth individuals and 180 other individuals. Individuals account for about 68% of its regulatory assets.
Where is Capital Wealth Management, LLC headquartered?
Its main office is in West Warwick, Rhode Island. It reports 1 office in total and 16 employees, 9 of whom perform investment advisory functions.
How does Capital Wealth Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Capital Wealth Management, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Ascensus Trust. On Schedule D of its Form ADV filed July 8, 2026, it reports these amounts held: Charles Schwab ($846M); Ascensus Trust ($139M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Capital Wealth Management, LLC a hybrid RIA with a broker-dealer?
Capital Wealth Management, LLC is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Capital Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Capital Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 6 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Capital Wealth Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-08), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →