DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Cheviot Value Management, LLC

Independent wealth managerBeverly Hills, CaliforniaCRD 166291SEC 801-77652website IAPD

Latest filing Aug 14, 2026

First filing on the tape Feb 11, 2013 · 41 filings

SEC status approved since Feb 15, 2013

RAUM

$1.2B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

96%

$1.1B individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$146M

derived; firm RAUM over IAPD count

Employees

7 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

41 filings and snapshots on the tape

RAUM$1.2B as of Aug 14, 2026

Feb 5, 2014$280M then

HNW client RAUM$1.0B as of Aug 14, 2026

Feb 13, 2018$278M then

State-registered IARs (5.B.3)7 as of Aug 14, 2026

Feb 5, 20143 then

Employees (5.A)7 as of Aug 14, 2026

Feb 5, 20144 then

Private funds: no history

RAUM +21% over the last fiscal year+20% a year over threeIARs 7 to 7offices 0 to 5

Practice profile

derived from the filing of Aug 14, 2026; every figure names its basis

Archetypes, each a printed rule

HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)

RAUM per advisor: $146MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 72derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.5MderivedHNW RAUM over HNW clients
Average account: $963,306derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 3.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 0.9derivedItem 5.A over advisors
Advisors per office: 1.3derived6 offices incl. principal (1.F.5)
RAUM growth, one year: +21%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: +18%derived
Compensation: percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, otherreportedItem 5.G
Financial planning clients: 500reportedItem 5.H
Custody: $167M, 318 clientsreportedItem 9.A
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

buys or sells securities as principal to or from clients (8.A.2)
has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$1.0B86%
Individuals$117M10.0%
Pension and profit-sharing plans$22.2M1.9%
Charitable organizations$18.1M1.6%
Corporations and businesses$11.1M0.9%

Individual clients: 291reported
HNW clients: 287reported
Pension plan clients: 32reported
Charitable clients: 9reported
Accounts: 1,215reported
Financial planning clients: 500reported
Wrap fee programs: noreported
Custody of client assets: $167M for 318 clientsreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=0.96 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

8 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
David Aaron HorvitzCertified Financial Planner	Beverly Hills, Ca	Feb 15, 2013	20 y	1
Darren Clay Pollock	Los Angeles, Ca	Feb 15, 2013	26 y	1
James Maxwell WhitingCertified Financial Planner	Beverly Hills, Ca	Jan 29, 2018	26 y	0
Paul Allen Matheson	Los Angeles, Ca	Oct 1, 2022	40 y	2
Martin Riyad Irani	Beverly Hills, Ca	Dec 15, 2023	34 y	0
Catherine Spragge Siphron	Glendale, Ca	Jul 1, 2025	22 y	0
Amanda Madison Leger	Beverly Hills, Ca	Aug 4, 2025	12 y	0
Ronald Joseph Briggs	Beverly Hills, Ca	Aug 27, 2026	13 y	0

Advisor movement

0 left, 0 joined in 12 months

net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months

Left, latest

Linda Michelle Sherman to Blackridge Asset Management, LLC
Jul 23, 2025 · RIA to affiliated broker-dealer or bank
Joy Prefer Cohen to Blackridge Asset Management, LLC
Jul 23, 2025 · RIA to affiliated broker-dealer or bank
Dixon Karmindro to Temenos Advisory, Inc.
Oct 1, 2018 · Other

Joined, latest

Linda Michelle Sherman from Clearbridge Investments, LLC
Apr 5, 2024 · RIA to RIA
Joy Prefer Cohen from Clearbridge Investments, LLC
Apr 5, 2024 · RIA to RIA
Paul Allen Matheson from Wedbush Securities Inc.
Oct 1, 2022 · Affiliated broker-dealer or bank to independent RIA
Dixon Karmindro from Raymond James Financial Services Advisors, Inc
Nov 6, 2013 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 left for Blackridge Asset Management, LLC
Jul 23, 2025 · Beverly Hills, Ca

2 joined from Clearbridge Investments, LLC
Oct 7, 2020 · New York, Ny

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Aaron David Horvitz · Managing Member, Trustee Of Thecontrol
since 01/2013 · owns 50% to 75%
Renee Michelle Horvitz · Trustee Of The Horvitz Family Trustcontrol
since 01/2013 · owns 50% to 75%
Clay Darren Pollock · Managing Member, Portfolio Manager, Trustee Of The Pollock Family Trustcontrol
since 01/2013 · owns 50% to 75%
Linnea Kim Pollock · Trustee Of The Pollock Family Trustcontrol
since 01/2013 · owns 50% to 75%
Maxwell James Whiting · Chief Compliance Officercontrol
since 05/2023 · owns less than 5%

Entity owners

The Horvitz Family Trust Dated 12/19/2006 · Member
direct · owns 50% to 75%
The Pollock Family Trust Dated 05/01/2011 · Member
direct · owns 50% to 75%

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Beverly Hills, Ca · principal	8	1	0
Los Angeles, Ca	2	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

1 against comparable advisers; where to look, not conclusions

HNW share shiftChange between filings · filing Feb 6, 2026
HNW share of RAUM moved from 70.0% to 86.0% between the annual amendments of 2025-02-20 and 2026-02-06
peers: independent wealth managers, $1B to $5B (1,362)

How anomalies are measured

What changed

consecutive filings, newest first

Other offices · 4 to 5
May 6, 2026 to Jun 11, 2026
Accounts · 1,216 to 1,215
Oct 27, 2025 to Feb 6, 2026
Advisory employees · 4 to 7
Oct 27, 2025 to Feb 6, 2026
Charity clients · unset to 9.0
Oct 27, 2025 to Feb 6, 2026
HNW clients · 216 to 287
Oct 27, 2025 to Feb 6, 2026
Individual clients · 273 to 291
Oct 27, 2025 to Feb 6, 2026
Pension plan clients · 5 to 32
Oct 27, 2025 to Feb 6, 2026
Assets in custody · $278M to $167M
Oct 27, 2025 to Feb 6, 2026
Employees · 8 to 7
Oct 27, 2025 to Feb 6, 2026
Financial planning clients · 251-500 to More than 500
Oct 27, 2025 to Feb 6, 2026
Discretionary RAUM · $963M to $1.2B
Oct 27, 2025 to Feb 6, 2026
HNW RAUM · $672M to $1.0B
Oct 27, 2025 to Feb 6, 2026
Individual RAUM · $261M to $117M
Oct 27, 2025 to Feb 6, 2026
Pension RAUM · $10.0M to $22.2M
Oct 27, 2025 to Feb 6, 2026
RAUM · $963M to $1.2B
Oct 27, 2025 to Feb 6, 2026
Other offices · 0 to 4
May 21, 2025 to Aug 29, 2025
Financial planning clients · 251-500 to 251-500
Feb 20, 2025 to May 21, 2025
Accounts · 1,095 to 1,216
Oct 28, 2024 to Feb 20, 2025
HNW clients · 90 to 216
Oct 28, 2024 to Feb 20, 2025
Individual clients · 357 to 273
Oct 28, 2024 to Feb 20, 2025
Pension plan clients · 19 to 5
Oct 28, 2024 to Feb 20, 2025
Assets in custody · $312M to $278M
Oct 28, 2024 to Feb 20, 2025
Employees · 5 to 8
Oct 28, 2024 to Feb 20, 2025
State-registered IARs · 5 to 7
Oct 28, 2024 to Feb 20, 2025
Discretionary RAUM · $823M to $963M
Oct 28, 2024 to Feb 20, 2025
HNW RAUM · $541M to $672M
Oct 28, 2024 to Feb 20, 2025
Individual RAUM · $256M to $261M
Oct 28, 2024 to Feb 20, 2025
Pension RAUM · $15.1M to $10.0M
Oct 28, 2024 to Feb 20, 2025
RAUM · $823M to $963M
Oct 28, 2024 to Feb 20, 2025
Advisory activities · 2 to 3
Feb 23, 2024 to May 23, 2024
Accounts · 955 to 1,095
Nov 1, 2023 to Feb 23, 2024
HNW clients · 171 to 90
Nov 1, 2023 to Feb 23, 2024
Individual clients · 263 to 357
Nov 1, 2023 to Feb 23, 2024
Pension plan clients · 11 to 19
Nov 1, 2023 to Feb 23, 2024
Assets in custody · $147M to $312M
Nov 1, 2023 to Feb 23, 2024
State-registered IARs · 4 to 5
Nov 1, 2023 to Feb 23, 2024
Discretionary RAUM · $676M to $823M
Nov 1, 2023 to Feb 23, 2024
HNW RAUM · $563M to $541M
Nov 1, 2023 to Feb 23, 2024
Individual RAUM · $99.3M to $256M
Nov 1, 2023 to Feb 23, 2024
Pension RAUM · $6.0M to $15.1M
Nov 1, 2023 to Feb 23, 2024

Signals

7 dated events

Linda Michelle Sherman left Cheviot Value Management, Llc for Blackridge Asset Management, Llc (registered 2025-07-29)
Jul 23, 2025 · Advisor changed firm · fact
Joy Prefer Cohen left Cheviot Value Management, Llc for Blackridge Asset Management, Llc (registered 2025-07-29)
Jul 23, 2025 · Advisor changed firm · fact
2 advisors left Cheviot Value Management, LLC (Beverly Hills, CA) for Blackridge Asset Management, LLC on the same day
Jul 23, 2025 · Team lift-out · derived
Maxwell James Whiting (Chief Compliance Officer) appeared on Schedule A of Cheviot Value Management, Llc
Nov 1, 2023 · Control person joined · fact
Cheviot Value Management, Llc reported RAUM $463.1M, up 30% from $357.2M (2019-04-01 to 2020-02-12)
Feb 12, 2020 · RAUM change · derived
Cheviot Value Management, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
Feb 11, 2013 · Succession (Item 4) · fact
Cheviot Value Management, Llc filed its initial SEC registration (Form ADV)
Feb 11, 2013 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Business phone: 310-451-7765reportedpublished by the firm, firm site, Sep 17, 2026
Business phone: 310-451-8600reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile: linkedin.com/company/cheviot-value-management-llc/aboutreportedpublic record, Form ADV, Sep 18, 2026
Website: cheviot.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 310-451-8600reportedpublic record, Form ADV, Aug 14, 2026
Contact form: cheviot.com/our-firm/contact-usreportedpublished by the firm, firm site, Sep 17, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $146Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026