Academy Capital Management provides portfolio management for individuals and small businesses.
Academy Capital Management reports 996 clients. They include 926 individual clients, 36 high-net-worth individuals, and 12 pension and profit-sharing plans. Of its assets, 100.0% ($1.16B across 996 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 45% |
| High-net-worth individuals | 4% | 51% |
| Pension and profit-sharing plans | 1% | 2% |
| Charitable organizations | 1% | 1% |
| Corporations and other businesses | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 926 | $523M | 45.1% | $564K |
| High-net-worth individuals | 36 | $591M | 51.0% | $16.4M |
| Pension and profit-sharing plans | 12 | $27.4M | 2.4% | $2.28M |
| Charitable organizations | 11 | $14.3M | 1.2% | $1.3M |
| Corporations and other businesses | 11 | $3.79M | 0.3% | $344K |
| Total | 996 | $1.16B | 100% | $1.16M |
- Clients
- 926
- Regulatory AUM
- $523M
- AUM share
- 45.1%
- Avg. per client
- $564K
- Clients
- 36
- Regulatory AUM
- $591M
- AUM share
- 51.0%
- Avg. per client
- $16.4M
- Clients
- 12
- Regulatory AUM
- $27.4M
- AUM share
- 2.4%
- Avg. per client
- $2.28M
- Clients
- 11
- Regulatory AUM
- $14.3M
- AUM share
- 1.2%
- Avg. per client
- $1.3M
- Clients
- 11
- Regulatory AUM
- $3.79M
- AUM share
- 0.3%
- Avg. per client
- $344K
Total
- Clients
- 996
- Regulatory AUM
- $1.16B
- AUM share
- 100%
- Avg. per client
- $1.16M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Academy Capital Management charges 0.50%–1.00% a year for its Basic annual fee schedule. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$3M | 1.00% |
| $3M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Terry Adam owns 50% to 75% of Academy Capital Management. The leadership team of Academy Capital Management includes President Terry Adam. It has 9 employees, 5 of them in advisory roles.
Staff
- 9 employees
- 5 in advisory functions
- 5 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Academy Capital Management
Terry Adam
Control person · since April 1988
- Owns 50% to 75% of Academy Capital Management
Scott Granowski
Control person · since April 1986
Academy Capital Management’s regulatory assets grew 1.6× from $715M (March 2021) to $1.16B (March 2026); clients rose from 848 to 996 and employees from 8 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $1.16B | 996 | 9 | 1 |
| Mar 2025March 2025 | $1.05B | 970 | 9 | 1 |
| Mar 2024March 2024 | $896M | 951 | 8 | 1 |
| Feb 2023February 2023 | $657M | 940 | 9 | 1 |
| Jan 2022January 2022 | $792M | 924 | 8 | 1 |
| Mar 2021March 2021 | $715M | 848 | 8 | 1 |
Besides its headquarters, Academy Capital Management has 0 offices, with 1 listed address in 1 state.
Texas · 1 listed address
- 500 N Valley Mills DR Ste #200, WacoHQ
Contact and registration details
- Legal name
- Academy Capital Management
- Headquarters
- 500 N Valley Mills DR Ste #200, Waco, TX 76710
- Website
- academycapitalmgmt.com
- Phone
- 254-751-0555
- SEC file
- 801-27836
- Founded
- 1986
- Structure
- Texas corporation
- Fiscal year end
- December
Academy Capital Management’s named custodians for separately managed accounts are Charles Schwab ($908M, 81%) and Morgan Stanley ($209M, 19%). Academy Capital Management does not have custody of client assets.
- Morgan StanleyMorgan Stanley Smith Barney LLC · Purchase, NY · $209M19%
- Charles SchwabCharles Schwab · Westlake, TX · $908M81%
At year end, Academy Capital Management’s separately managed accounts were mostly in stocks (65%) and bonds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $756M across 36 positions; the largest are Apple Inc. (10.5%), Taiwan Semiconductor Manufac (9.4%) and Alphabet C (9.3%).
What the accounts hold
- Stocks65%
- Bonds26%
- Cash9%
How many clients does Academy Capital Management have?
Academy Capital Management has 996 clients and manages $1.16 billion for them, as of March 2026. They include 926 individual clients, 36 high-net-worth individuals, and 12 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 March 2026
What services does Academy Capital Management offer?
Academy Capital Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Academy Capital Management charge?
Academy Capital Management charges 0.50%–1.00% a year for its Basic annual fee schedule. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Academy Capital Management use?
Academy Capital Management’s separately managed account assets are held at Charles Schwab (Westlake, TX), with $908M and Morgan Stanley Smith Barney LLC (Purchase, NY), with $209M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 March 2026
How many financial advisors does Academy Capital Management have?
Academy Capital Management has 5 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Academy Capital Management invest in?
At the end of its last fiscal year, Academy Capital Management’s separately managed accounts held 65% exchange-traded equities, 26% U.S. government and agency bonds and 9% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Academy Capital Management?
Academy Capital Management’s direct owners are Terry Adam (50% to 75%) and Scott Granowski (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 10 March 2026
How does Academy Capital Management get paid?
Academy Capital Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Academy Capital Management?
Academy Capital Management’s main office is at 500 N Valley Mills DR Ste #200, Waco, TX 76710. Its phone number is 254-751-0555. Its website is academycapitalmgmt.com.