No commissions, no ads, no advice. This Chevy Chase Trust profile draws only on public records, each linked so you can confirm it yourself.
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Check the SEC adviser record. Open the SEC's IAPD record for Chevy Chase Trust (CRD #110742) and confirm its registration.
Read the filings. Review the Form ADV / Form CRS and any disclosure section linked from the IAPD page.
Confirm the entity. Match CRD #110742 / Chevy Chase Trust so you're reading the right firm.
The short answer: is Chevy Chase Trust a fiduciary?
Yes. Chevy Chase Trust is a fiduciary. As a fee-only registered investment adviser, it owes you a duty to act in your interest for the whole advisory relationship, and it isn't a broker-dealer. Chevy Chase Trust is an SEC-registered investment adviser (CRD #110742) and reported $44.9 billion in regulatory assets under management as of its latest Form ADV (filed March 31, 2026). According to that filing (2026), about 1,245 clients hold 5,097 accounts between them, roughly four accounts per client, which is why the account figure in the table below is the larger number. Because it's fee-only, it's paid by clients and earns no commissions on products. Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management and fixed fees.
Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer, so the adviser's fiduciary standard is the one that applies to its advice.
What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)
Chevy Chase Trust at a glance
✅ Verified from public filings, last checked October 5, 2026. Chevy Chase Trust (SEC CRD #110742) is a fiduciary for the whole advisory relationship, on a fee-only basis, with $44.9 billion in regulatory assets under management. Every figure below links to its primary source.
What | Chevy Chase Trust | Source |
|---|---|---|
SEC CRD | #110742 | |
Registration | Registered investment adviser (RIA), not a broker-dealer | |
Registered since | December 24, 1997 (SEC) | |
Fiduciary? | Yes, for the whole advisory relationship (fee-only RIA) | |
Fee model | Fee-only | Form ADV Item 5.E |
How it's paid | A percentage of assets under management and fixed fees | Form ADV Item 5.E |
Regulatory Assets Under Management | $44.9 billion (Form ADV filed March 31, 2026) | |
Client accounts | 5,097 (all discretionary), held by about 1,245 clients | |
Employees | 119 (42 in advisory roles) | |
Ownership | Parent-owned | |
Disclosures | Form ADV answers No to firm-level disciplinary questions | |
HQ | Bethesda, MD |
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Chevy Chase Trust fees: what you'll pay
What you pay Chevy Chase Trust comes down to how the firm is paid. Here's how Chevy Chase Trust's fees work. The firm is fee-only: according to its Form ADV (Item 5.E), it reports client-paid fees, such as a percentage of assets, hourly or fixed fees, and no commissions. That structure removes commission conflicts, though not every conflict: an asset-based fee can still reward a firm for growing the assets it bills on. Fee-only doesn't automatically mean low-cost. It means the cost is the advisory fee, stated plainly.
Fee-only means the firm is paid only by its clients, never by commissions on the products it recommends. (Fee-only financial advisor: costs and how to find one)
For a firm whose clients are mostly high-net-worth households, the percentage-of-assets fee is the line to compare. The useful question is often what you get for it, not just its size (Are you paying too much? Why that might be the wrong question).
Who owns Chevy Chase Trust, and what conflicts does it disclose?
Chevy Chase Trust is owned by Chevy Chase Trust Holdings, LLC, as listed in Schedule A of its Form ADV. (Form ADV Schedule A)
Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid. Because the firm also reports custody of certain client assets (see below), the conflicts section and the custody disclosure are worth reading side by side.
Chevy Chase Trust SEC record: disclosures
On its Form ADV, Chevy Chase Trust answers No to the firm-level disciplinary-history questions. You can confirm that on the public record. Individual advisers can have their own records, so look them up on IAPD and FINRA BrokerCheck too. Any Chevy Chase Trust disclosures sit on the public record, not on anyone's characterization of them.
On the record, it has been registered with the SEC since December 24, 1997, makes notice filings in 37 jurisdictions, and reports 119 employees, 42 of them in investment advisory roles. Is Chevy Chase Trust legit? That part is easy to confirm: it has a public CRD and public filings anyone can pull. Registration shows it's a real, regulated adviser, not that it's the right fit for you.
Reading Chevy Chase Trust reviews against the public record
Star ratings and client comments describe what working with a firm felt like. They usually don't show what the firm reports to regulators. Before you weigh Chevy Chase Trust reviews, check three things this profile takes from the public record. First, how the firm is paid: it reports being paid only by its clients and takes no commissions, which makes it fee-only. Second, who owns it and what conflicts it discloses. Third, whether its Form ADV reports any disciplinary history. Read reviews alongside the record, not instead of it.
How to verify Chevy Chase Trust yourself
Want to check it yourself? Three steps:
SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/110742.
Form ADV / CRS: linked from the IAPD page.
Confirm the entity: match Chevy Chase Trust (CRD #110742) so you're reading the right firm.
Comparing it with other firms? Browse the Truthifi /advisors hub.
What Chevy Chase Trust does and who it serves
On its Form ADV, Chevy Chase Trust reports providing financial planning, portfolio management for individuals and small businesses, portfolio management (investment companies), portfolio management (pooled vehicles), portfolio management for businesses and institutions, selection of other advisers, and educational seminars.
It reports providing financial planning to about 1,000 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.
According to its Form ADV (Item 5.D), its clients break down by type, about 1,245 in all:
Client type | Clients | Assets managed |
|---|---|---|
High-net-worth individuals | 1,177 | $12.45 billion |
Investment companies | 1 | $43.6 million |
Pooled investment vehicles | 4 | $31.57 billion |
Pension and profit-sharing plans | 2 | $10.7 million |
Charities | 46 | $714 million |
State or municipal government entities | 3 | $8.2 million |
Corporations or other businesses | 11 | $105.6 million |
Other | 1 | $24.8 million |
Read that table by assets rather than headcount and the picture shifts. According to the filing, four pooled investment vehicles hold $31.57 billion, about 70% of the firm's $44.9 billion. The 1,177 high-net-worth individuals make up about 95% of clients but account for $12.45 billion, roughly 28%. If you're an individual client, it's fair to ask which part of the firm manages your accounts and who your day-to-day contact is.
It reports 5,097 client accounts, more than the roughly 1,245 clients counted above (many clients hold more than one account), all managed on a discretionary basis, meaning the firm can trade without seeking your approval first (Item 5.F). Its main office is in Bethesda, MD.
It reports that it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in its Form ADV.
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Great advice runs on the truth. Here's how to bring yours to the table.
The filing describes a firm serving mostly high-net-worth households, averaging about four accounts each, with custody of certain client assets. Even a great advisor can only act on what reaches them. A 401(k) held elsewhere, a spouse's portfolio at another firm and fund costs that never reach a statement usually arrive in pieces, none of it reconciled. This is where Truthifi comes in.
How Truthifi can help
Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at Chevy Chase Trust.
Prefer your own AI? Paid Truthifi plans let you connect an AI assistant that supports MCP sign-in, such as Claude. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Connect on its own doesn't let your assistant answer questions about your fees. To ask what each account costs, by fee type, you need Monitoring or Monitoring Plus+.
Ask AI about your Chevy Chase Trust accounts
Once your accounts are connected read-only, you can ask in plain English:
"What do I own across my Chevy Chase Trust accounts and everything else, and how is it allocated?"
"What am I paying in fees across all of these accounts?"
Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).
No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Link up to 10 connections, per Truthifi platform data. Plans and limits can change; current ones are on the pricing page → truthifi.com.
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FAQ
Is Chevy Chase Trust a fiduciary? Yes. It's a registered investment adviser (CRD #110742), so it owes a fiduciary duty when it advises you. Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer.
Is Chevy Chase Trust fee-only? Its Form ADV (Item 5.E) doesn't report commissions as compensation. It's paid by clients through fees such as a percentage of assets, hourly or fixed fees. The fee schedule is in its Form ADV Part 2A.
Who owns Chevy Chase Trust? Chevy Chase Trust is owned by Chevy Chase Trust Holdings, LLC, as listed in Schedule A of its Form ADV.
Does Chevy Chase Trust have complaints or disclosures? Its Form ADV answers No to the firm-level disciplinary-history questions. Individual advisers can have their own records on IAPD and BrokerCheck.
Is Chevy Chase Trust legit? The firm is registered with the SEC (CRD #110742) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.
Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.
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About this profile
Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.
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A note on sources. The facts on this page come from publicly available documents, Chevy Chase Trust's SEC filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Chevy Chase Trust. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.
One thing no filing can show is your own share of that $44.9 billion: how your accounts are allocated and what they cost you. That answer lives in your statements, not in Form ADV.
Disclaimer: This article is for educational purposes only and does not constitute financial, tax, or legal advice. It should not be construed as a personalized recommendation regarding any investment, financial advisor, or financial product. All calculations use hypothetical scenarios and historical return assumptions; actual results will vary. Past performance does not guarantee future results. Consult a qualified financial professional for guidance specific to your situation. Truthifi is an investment monitoring platform — not a financial advisor, broker-dealer, or tax professional. Truthifi does not manage assets, recommend investments, sell financial products, or provide personalized financial advice. Truthifi earns no revenue from advisor referrals, product commissions, or AUM fees. Statistics and data cited reflect publicly available sources current as of the article’s publication date. Sources are linked throughout.