Capital Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, estate planning, insurance, retirement plan services, and tax planning.
Capital Management reports 238 clients. They include 148 individual clients, 84 high-net-worth individuals, and 2 pension and profit-sharing plans. Of its assets, 91.1% ($349M across 512 accounts) are managed with discretion; $34M across 4 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 10% |
| High-net-worth individuals | 35% | 81% |
| Pension and profit-sharing plans | <1% | 8% |
| Charitable organizations | <1% | <1% |
| Insurance companies | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 148 | $37.9M | 9.9% | $256K |
| High-net-worth individuals | 84 | $310M | 81.0% | $3.69M |
| Pension and profit-sharing plans | Fewer than 5 | $32.5M | 8.5% | $16.3M |
| Charitable organizations | Fewer than 5 | $1.75M | 0.5% | $876K |
| Insurance companies | Fewer than 5 | $384K | 0.1% | $192K |
| Total | 238 | $383M | 100% | — |
- Clients
- 148
- Regulatory AUM
- $37.9M
- AUM share
- 9.9%
- Avg. per client
- $256K
- Clients
- 84
- Regulatory AUM
- $310M
- AUM share
- 81.0%
- Avg. per client
- $3.69M
- Clients
- Fewer than 5
- Regulatory AUM
- $32.5M
- AUM share
- 8.5%
- Avg. per client
- $16.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.75M
- AUM share
- 0.5%
- Avg. per client
- $876K
- Clients
- Fewer than 5
- Regulatory AUM
- $384K
- AUM share
- 0.1%
- Avg. per client
- $192K
Total
- Clients
- 238
- Regulatory AUM
- $383M
- AUM share
- 100%
- Avg. per client
- —
- 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
Capital Management charges 0.35%–1.00% a year for its Portfolio Management Services. The fee is billed in arrears, is negotiable and requires an account of at least $250,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is a fixed fee agreed before work starts; half is billed upfront and the rest when the plan is complete.
- Retirement plan consulting
- Plan consulting uses the same tiers as portfolio management, from 1% down to 35 bps, with a total minimum fee of $1,500 billed to plan sponsors in arrears.
David Gray owns 75% or more of Capital Management. The leadership team of Capital Management includes Chief Compliance Officer David Gray. It has 3 employees, 2 of them in advisory roles.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- 3 broker-dealer reps
- 1 insurance agent
- Owns 75% or more of Capital Management LLC
David Gray
Control person · since March 2009
- Owns 5% to 10% of Capital Management LLC
Joseph Williams
since May 2022
Capital Management’s regulatory assets grew from $276M (July 2021) to $383M (March 2026); clients rose from 165 to 238 and employees fell from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $383M | 238 | 3 | 1 |
| Mar 2025March 2025 | $342M | 231 | 3 | 1 |
| Mar 2024March 2024 | $325M | 219 | 4 | 1 |
| Jun 2023June 2023 | $286M | 198 | 4 | 1 |
| Mar 2022March 2022 | $312M | 194 | 3 | 1 |
| Jul 2021July 2021 | $276M | 165 | 4 | 1 |
Besides its headquarters, Capital Management has 0 offices, with 1 listed address in 1 state.
North Carolina · 1 listed address
- 628 Green Valley Road, Suite 204, GreensboroHQ
Contact and registration details
- Legal name
- Capital Management LLC
- Headquarters
- 628 Green Valley Road, Suite 204, Greensboro, NC 27408
- Website
- Not reported
- Phone
- 336-856-2911
- SEC file
- 801-55753
- Founded
- 1980
- Structure
- North Carolina LLC
- Fiscal year end
- December
Capital Management’s named custodians for separately managed accounts are Fidelity ($195M, 51%), Charles Schwab ($158M, 41%) and Ascensus Trust ($30M, 8%). Capital Management has custody of $169M for 104 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $158M41%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $195M51%
- Ascensus TrustAscensus Trust Company · Fargo, ND · $30M8%
At year end, Capital Management’s separately managed accounts were mostly in stocks (52%) and funds (40%).
What the accounts hold
- Stocks52%
- Funds40%
- Bonds4%
- Investment grade corporate bonds3%
- U.S. government and agency bonds1%
- Cash4%
How many clients does Capital Management have?
Capital Management has 238 clients and manages $383 million for them, as of March 2026. They include 148 individual clients, 84 high-net-worth individuals, and 2 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 March 2026
What services does Capital Management offer?
Capital Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, estate planning, insurance, retirement plan services, and tax planning.
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 Capital Management charge?
Capital Management charges 0.35%–1.00% a year for its Portfolio Management Services. The fee is billed in arrears, is negotiable and requires an account of at least $250,000.
Source: CAPITAL MANAGEMENT_PART 2 A BROCHURE, filed 16 March 2026
Which custodians does Capital Management use?
Capital Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $195M, Charles Schwab & Co., Inc. (Westlake, TX), with $158M and Ascensus Trust Company (Fargo, ND), with $30M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 March 2026
How many financial advisors does Capital Management have?
Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 3 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 Capital Management invest in?
At the end of its last fiscal year, Capital Management’s separately managed accounts held 52% exchange-traded equities, 40% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 3% investment grade corporate bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Capital Management have a minimum investment?
Yes, Capital Management’s minimum account size for its Portfolio Management Services is $250K.
Source: CAPITAL MANAGEMENT_PART 2 A BROCHURE, filed 16 March 2026
Who owns Capital Management?
Capital Management’s direct owners are David Gray (75% or more) and Joseph Williams (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 March 2026
How does Capital Management get paid?
Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Capital Management?
Capital Management’s main office is at 628 Green Valley Road, Suite 204, Greensboro, NC 27408. Its phone number is 336-856-2911.