Canal Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, business succession planning, insurance, and tax preparation. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 7 private funds.
Canal Capital Management reports 417 clients. They include 288 high-net-worth individuals, 102 individual clients and 11 charitable organizations. Of its assets, 89.4% ($1.15B across 1,963 accounts) are managed with discretion; $136M across 25 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 24% | 3% |
| High-net-worth individuals | 69% | 79% |
| Pooled investment vehicles | 2% | 14% |
| Pension and profit-sharing plans | 2% | 1% |
| Charitable organizations | 3% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 102 | $32.1M | 2.5% | $315K |
| High-net-worth individuals | 288 | $1.02B | 79.2% | $3.53M |
| Pooled investment vehicles | 8 | $183M | 14.2% | $22.8M |
| Pension and profit-sharing plans | 8 | $16M | 1.2% | $2M |
| Charitable organizations | 11 | $36.6M | 2.9% | $3.33M |
| Total | 417 | $1.28B | 100% | $3.08M |
- Clients
- 102
- Regulatory AUM
- $32.1M
- AUM share
- 2.5%
- Avg. per client
- $315K
- Clients
- 288
- Regulatory AUM
- $1.02B
- AUM share
- 79.2%
- Avg. per client
- $3.53M
- Clients
- 8
- Regulatory AUM
- $183M
- AUM share
- 14.2%
- Avg. per client
- $22.8M
- Clients
- 8
- Regulatory AUM
- $16M
- AUM share
- 1.2%
- Avg. per client
- $2M
- Clients
- 11
- Regulatory AUM
- $36.6M
- AUM share
- 2.9%
- Avg. per client
- $3.33M
Total
- Clients
- 417
- Regulatory AUM
- $1.28B
- AUM share
- 100%
- Avg. per client
- $3.08M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 7
- Financial planning clients last fiscal year
- 101–250
Canal Capital Management charges 0.70%–1.50% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Fixed fees generally range from $1,500 to $15,000, are negotiable, and are due on completion of the contracted services.
- Real Estate Services
- An ongoing annual fee of up to 1% of the equity investment, or a one-time fee of up to 3% of a completed real estate investment.
- Tax Preparation Services
- Billed at an average of $250 an hour, negotiable, and based on the complexity of the situation and the time spent.
Everett Gilliss owns 75% or more of Canal Capital Management. The leadership team of Canal Capital Management includes Chief Compliance Officer Everett Gilliss. It has 6 employees.
Leadership
- Everett GillissManaging Member & Chief Compliance Officer
- Margaret SmithMember
- Noah GreenbaumMember
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Joseph Graham Boggio
- Cooper James Casillas
- Jarrod Michael Feinstein
- Everett Neil Gilliss
- Noah Charles Perry Greenbaum
- Margaret J Smith
- Craig David Truitt
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 1 insurance agent
- Owns 75% or more of Canal Capital Management, LLC
Everett Gilliss
Control person · since April 2011
- Owns 5% to 10% of Canal Capital Management, LLC
Noah Greenbaum
since January 2015
Canal Capital Management’s regulatory assets grew 2.0× from $629M (May 2021) to $1.28B (August 2026); clients rose from 395 to 417 and employees fell from 10 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $1.28B | 417 | 6 | 1 |
| March 2025 | $1.2B | 388 | 11 | 1 |
| May 2024 | $1.08B | 405 | 10 | 1 |
| June 2023 | $917M | 387 | 10 | 1 |
| March 2022 | $785M | 400 | 10 | 1 |
| May 2021 | $629M | 395 | 10 | 1 |
Besides its headquarters, Canal Capital Management has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- 9 South 5th Street, RichmondHQ
Contact and registration details
- Legal name
- Canal Capital Management, LLC
- Headquarters
- 9 South 5th Street, Richmond, VA 23219
- Website
- canalcapitalmanagement.com
- Phone
- 804-325-1450
- SEC file
- 801-77036
- Founded
- 2012
- Structure
- Virginia LLC
- Fiscal year end
- December
Canal Capital Management uses Charles Schwab ($946M) as custodian for its separately managed accounts. Canal Capital Management has custody of $504M in client assets for 190 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $946M100%
At year end, Canal Capital Management’s separately managed accounts were largely in funds (49%) and stocks (45%). Its reported 13F holdings for the quarter ended 30 June 2026 total $819M across 220 positions; the largest are Old Dominion Freight Line IN (9.5%), Apple Inc. (4.5%) and Invesco Qqq TR (3.8%).
What the accounts hold
- Stocks45%
- Funds49%
- Registered funds31%
- Pooled vehicles18%
- Bonds6%
- State and local bonds4%
- Sovereign bonds2%
Reported 13F holdings
- $819M
- Reported 13F value
- 220
- Positions
- 36.1%
- In the 10 largest
- +10.8%
- Value vs. prior quarter
- Old Dominion Freight Line IN9.5%
- Apple Inc.4.5%
- Invesco Qqq TR · Unit Ser 13.8%
- Microsoft Corp.3.1%
- Schwab Strategic TR · US Lrg Cap ETF3.0%
- iShares TR · Iboxx Inv CP ETF2.7%
- Nvidia Corporation2.7%
- Broadcom Inc.2.5%
- Philip Morris Intl Inc.2.2%
- iShares TR · 3 7 YR Treas BD2.2%
Together, the ten largest are 36.1% of reported value.
How many clients does Canal Capital Management have?
Canal Capital Management has 417 clients and manages $1.28 billion for them, as of August 2026. They include 288 high-net-worth individuals, 102 individual clients and 11 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 August 2026
What services does Canal Capital Management offer?
Canal Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, business succession planning, insurance, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Canal Capital Management charge?
Canal Capital Management charges 0.70%–1.50% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable.
Source: CANAL CAPITAL MANAGEMENT ADV BROCHURE, filed 4 August 2026
Which custodians does Canal Capital Management use?
Canal Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $946M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 August 2026
How many financial advisors does Canal Capital Management have?
Canal Capital Management has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Canal Capital Management invest in?
At the end of its last fiscal year, Canal Capital Management’s separately managed accounts held 45% exchange-traded equities, 31% registered funds (mutual funds, ETFs, BDCs), 18% pooled vehicles (private funds and similar), 4% state and local bonds and 2% sovereign bonds. It advises 7 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Canal Capital Management?
Canal Capital Management’s direct owners are Everett Gilliss (75% or more) and Noah Greenbaum (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 4 August 2026
How does Canal Capital Management get paid?
Canal Capital Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Canal Capital Management registered with the SEC?
Yes, Canal Capital Management has been registered with the SEC as an investment adviser since 21 August 2012. Its CRD number is 164971 and its SEC file number is 801-77036.
Source: Form ADV Part 1A, Item 1, filed 4 August 2026; IAPD firm record
How do I contact Canal Capital Management?
Canal Capital Management’s main office is at 9 South 5th Street, Richmond, VA 23219. Its phone number is 804-325-1450. Its website is canalcapitalmanagement.com.