CTM Financial

Charles T. Munger Jr. runs CTM Financial. He is the son of the late Charles T. Munger Sr., the longtime vice chairman of Berkshire Hathaway. The office operates with a lean structure, avoiding the large professional staffs typical of institutional allocators.

CTM Financial manages the personal family wealth of the Mungers, separate from Berkshire Hathaway. While the wealth is derived from Berkshire equity accumulated by Charles T. Munger Sr., the office is an independent entity. It does not manage Berkshire corporate assets or represent the company in any capacity.

No. CTM Financial is a single-family office that exclusively manages Munger family capital. It does not raise funds, seek co-investors from the general public, or operate as a registered investment advisor marketing to external clients.

The office invests in direct real estate, private credit, and external hedge fund commitments. It maintains a concentrated portfolio rather than broadly diversifying across every alternative asset class, reflecting the family's preference for areas where they hold long-term conviction.

The Munger family's charitable donations — including major gifts to Stanford University, the University of Michigan, and other institutions — are administered through separate philanthropic vehicles. CTM Financial focuses on investment management, not grant-making, though both activities are funded by the same underlying family wealth.