Callahan Wealth Advisory

Callahan Wealth Advisory provides investment advisory services to individuals (including high net worth clients), trusts, estates, pension and profit-sharing plans, and corporate entities. The firm offers discretionary Comprehensive Portfolio Management exclusively through a sponsored wrap fee program and also provides retirement plan consulting to employer plan sponsors; as of December 31, 2025 it reports $372,154,200 in discretionary assets across roughly 285 client relationships managed by two advisors.

The firm’s investment process combines fundamental, quantitative, cyclical and sector analysis and emphasizes asset allocation across ETFs, mutual funds, individual equities, fixed income and alternative structures. Strategies include both long- and short-term holdings and, where appropriate, the use of margin, options and other derivatives as well as structured products or private fund investments; wrap clients receive at least annual reviews and off-cycle reviews for material events.

Distinctive features include its role as a wrap fee program sponsor—Comprehensive Portfolio Management is provided only on a wrap basis—and the firm’s documented use of borrowing (margin) and derivatives within separately managed accounts, practices that are uncommon among similar supported firms. The brochure also discloses that advisory fees are billed on margined securities, a potential conflict the firm monitors, and it accepts ERISA-plan consulting engagements under acknowledged fiduciary standards.