Cheviot Value Management, LLC (Beverly Hills)

Name: Cheviot Value Management, LLC
Address: 9595 Wilshire Blvd., Beverly Hills, CA, 90212
Telephone: 310-451-8600

Cheviot Value Management, LLC is a large advisory firm based in Beverly Hills. It manages $357.24 million of regulatory assets for 725 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, New Hampshire, New York, and Texas.

Cheviot Value Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cheviot Value Management: assets under management

The assets under management (AUM) of Cheviot Value Management, LLC is $357.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $357.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $492.74 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cheviot Value Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Frederic Gregory Marks serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Frederic Gregory Marks is high net worth individuals with 118 clients and $261.19 million of assets under management. Among the 8 most similar advisory firms, Cheviot Value Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $351.43 million for 329 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cheviot Value Management doesn't advise any private funds.

Careers at Cheviot Value Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

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

Frederic Gregory Marks has been acting as President since 1 Sep 1974. David Aaron Horvitz joined the executive team most recently as the Managing Member, Chief Compliance Officer, Trustee Of The Horvitz Family Trust Dated 12/19/2006.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nancy J. Marks	Vice president/chief compliance officer	1 Sep 1974	Other	4395455
Frederic Gregory Marks	President	1 Sep 1974	Other	2525074
Darren Clay Pollock	Member	1 Jan 2010	Other	2757976
David Aaron Horvitz	Member	1 Jan 2010	Other	5385149
Inc. Cheviot Value Management	Member	1 Jan 2010	25% - 50%	95-2914794
Marks Family Trust	Member	1 Jan 2010	25% - 50%	xxx-xx-xxxx
Frederic Gregory Marks	Manager	1 Jan 2010	Other	2525074
Frederic G. Marks Trust	Member	1 Feb 2010	25% - 50%	xxx-xx-xxxx
Nancy J. Marks Living Trust	Member	1 Oct 2010	25% - 50%	xxx-xx-xxxx
David Aaron Horvitz	Managing member, chief compliance officer, trustee of the horvitz family trust dated 12/19/2006	1 Jan 2013	50% - 75%	5385149
Darren Clay Pollock	Managing member, portfolio manager, trustee of the pollock family trust dated 05/01/2011	1 Jan 2013	50% - 75%	2757976
The Horvitz Family Trust Dated 12/19/2006	Member	1 Jan 2013	50% - 75%	xxx-xx-xxxx
The Pollock Family Trust Dated 05/01/2011	Member	1 Jan 2013	50% - 75%	xxx-xx-xxxx
Kim Linnea Pollock	Trustee of the pollock family trust dated 05/01/2011	1 Jan 2013	50% - 75%	6453759
Michelle Renee Horvitz	Trustee of the horvitz family trust dated 12/19/2006	1 Jan 2013	50% - 75%	6458408
Horvitz Family Trust Uad 12/19/2006	Member	1 Jan 2013	50% - 75%	xxx-xx-xxxx
Pollock Family Trust Uad 05/01/2011	Member	1 Jan 2013	50% - 75%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nancy J. Marks	Trustee	1 Dec 1976	50% - 75%	4395455
Frederic Gregory Marks	Trustee	1 Dec 1976	50% - 75%	2525074
Frederic Gregory Marks	Trustee	1 Feb 2010	Other	2525074
Nancy J. Marks	Trustee	1 Oct 2010	Other	4395455

Based in Beverly Hills

The principal office where Cheviot Value Management, LLC performs its advisory services is located at 9595 Wilshire Blvd., Beverly Hills, CA 90212, 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 310-451-8600 or by fax 310-451-7765. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at cheviotvalue.com.