Broker-dealer firm · Westlake Village, CA
Zephyr Wealth Management
Zephyr Investment Management, Inc. · SEC-registered investment adviser · CRD 166303 · SEC 801-118365
At a glance
Zephyr Wealth Management is an SEC-registered investment adviser based in Westlake Village, California, with $243 million in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 220 individual clients. By Form ADV it is a broker-dealer firm, ranked 273rd of 391 broker-dealer firms and 11,228th of 17,210 SEC-registered advisers by assets.
Main office 805-496-6810zephyrim.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $243M
- Rank among broker-dealer firms
- #273 of 391
- Rank among all SEC RIAs
- #11,228 of 17,210
- Rank in California
- #1,297 of 1,873
- Individual clients
- 220
- High-net-worth clients
- 46
- Accounts
- 687
- Discretionary
- 64% of AUM
- Employees
- 6
- Advisory staff
- 2
- Offices
- 2
Owners and executives on its Form ADV
- Cheryl A. MunozPresident, CCO
Custody and brokerage
Broker-dealer
Hybrid RIA
Zephyr Wealth Management is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Osaic Wealth as the broker-dealer its advisers are registered with.
Our advisory representatives are also registered representatives of Osaic Wealth Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 46 | $109M | 45% |
| Individuals | 174 | $72M | 30% |
| Pension and profit sharing plans | 22 | $62M | 25% |
Disciplinary disclosures
Zephyr Wealth Management 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
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗zephyrim.com ↗
AtlasMembers
The full record on Zephyr Wealth Management
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, 5 years of filings
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- Growth over one, three and five years
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- Rank against 157 peers of its type and size
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- Owners and executives, with titles and stakes
- 1 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.
Background
Questions
How much does Zephyr Wealth Management manage?
Zephyr Wealth Management reports $243 million in regulatory assets under management across 687 accounts, 64% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Zephyr Wealth Management?
Zephyr Wealth Management is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Zephyr Wealth Management’s clients?
By assets, its largest client types are high-net-worth individuals ($109 million, 46 clients); individuals ($72 million, 174 clients); pension and profit sharing plans ($62 million, 22 clients).
Does Zephyr Wealth Management have any disciplinary history?
Zephyr Wealth Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Zephyr Wealth Management’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 (2026-03-31), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →