{"url":"https://nivawealth.com/firms/capital-management-109416","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109416","regulatoryAum":382964479,"crd":"109416","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"227937","suffix":"JR","lastName":"GRAY","firstName":"DAVID","middleName":"PEELE"},{"crd":"2789472","suffix":null,"lastName":"REID","firstName":"CHARLES","middleName":"THOMAS"},{"crd":"2332156","suffix":null,"lastName":"WILLIAMS","firstName":"JOSEPH","middleName":"CHRISTIAN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-26","regulatoryAum":276406939,"clients":165,"employees":4,"offices":1},{"filedOn":"2022-03-26","regulatoryAum":312372723,"clients":194,"employees":3,"offices":1},{"filedOn":"2023-06-01","regulatoryAum":285585841,"clients":198,"employees":4,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":324892294,"clients":219,"employees":4,"offices":1},{"filedOn":"2025-03-20","regulatoryAum":341919260,"clients":231,"employees":3,"offices":1},{"filedOn":"2026-03-16","regulatoryAum":382964479,"clients":238,"employees":3,"offices":1}],"secFileNumber":"801-55753","legalName":"Capital Management LLC","displayName":"Capital Management","slug":"capital-management-109416","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1980","organization":"North Carolina limited liability company","fiscalYearEnd":"December","headquarters":{"street":"628 Green Valley Road, Suite 204","city":"Greensboro","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"27408"},"tradeNames":[],"registration":{"secApproved":"24 July 1998","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1501306.1681034483,"staff":{"employees":3,"advisory":2,"brokerDealerReps":3,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":382964479,"discretionary":348915450,"discretionaryAccounts":512,"nonDiscretionary":34049029,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":148,"regulatoryAum":37932277},{"label":"High-net-worth individuals","clients":84,"regulatoryAum":310370754},{"label":"Pension and profit-sharing plans","clients":2,"fewerThan5":true,"regulatoryAum":32524772},{"label":"Charitable organizations","clients":2,"fewerThan5":true,"regulatoryAum":1752663},{"label":"Insurance companies","clients":2,"fewerThan5":true,"regulatoryAum":384013}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019143","versionId":1019143,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-16","documentName":"CAPITAL MANAGEMENT_PART 2 A BROCHURE","fee_rate_low":0.35,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":250000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning","summary":"Financial planning is a fixed fee agreed before work starts; half is billed upfront and the rest when the plan is complete.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019143","versionId":1019143,"submittedOn":"2026-03-16","documentName":"CAPITAL MANAGEMENT_PART 2 A BROCHURE"},{"role":"other","program":"Retirement plan consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019143","versionId":1019143,"submittedOn":"2026-03-16","documentName":"CAPITAL MANAGEMENT_PART 2 A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:21:57.054451+00:00","documents":[{"name":"CAPITAL MANAGEMENT_PART 2 A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019143","versionId":1019143,"submittedOn":"2026-03-16"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":157737300},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":195232863},{"name":"Ascensus Trust Company","shortName":"Ascensus Trust","location":"Fargo, ND","smaAssets":29994315}],"custodyNote":"Capital Management has custody of $169M for 104 clients.","otherCustodians":[],"leadership":[{"name":"David Gray","title":"Managing Partner, Chief Compliance Officer","crd":"227937"},{"name":"Joseph Williams","title":"Minority Shareholder","crd":"2332156"}],"ownership":[{"label":"David Gray","detail":"Managing partner, chief compliance officer in the 75% or more ownership band and a control person, since March 2009."},{"label":"Joseph Williams","detail":"Minority shareholder in the 5% to 10% ownership band, since May 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"628 Green Valley Road, Suite 204","city":"Greensboro","headquarters":true}]}],"brochureServices":["estate planning","insurance","retirement plan services","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"336-856-2911","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":52},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":40},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"16 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109416/PDF/109416.pdf","brochureDate":"16 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019143","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Capital Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Capital Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Capital Management have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Capital Management?","answer":"Capital Management’s main office is at 628 Green Valley Road, Suite 204, Greensboro, NC 27408. Its phone number is 336-856-2911.","source":"Form ADV Part 1A, Item 1.F, filed 16 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}