Cardinal Capital Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Cardinal Capital Management reports 305 clients. They include 151 high-net-worth individuals, 136 individual clients and 11 charitable organizations. Of its assets, 96.5% ($990M across 1,431 accounts) are managed with discretion; $35.8M across 67 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 45% | 9% |
| High-net-worth individuals | 50% | 65% |
| Charitable organizations | 4% | 3% |
| Corporations and other businesses | 2% | 23% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 136 | $92.9M | 9.1% | $683K |
| High-net-worth individuals | 151 | $672M | 65.5% | $4.45M |
| Charitable organizations | 11 | $27.9M | 2.7% | $2.53M |
| Corporations and other businesses | 7 | $233M | 22.8% | $33.3M |
| Total | 305 | $1.03B | 100% | $3.36M |
- Clients
- 136
- Regulatory AUM
- $92.9M
- AUM share
- 9.1%
- Avg. per client
- $683K
- Clients
- 151
- Regulatory AUM
- $672M
- AUM share
- 65.5%
- Avg. per client
- $4.45M
- Clients
- 11
- Regulatory AUM
- $27.9M
- AUM share
- 2.7%
- Avg. per client
- $2.53M
- Clients
- 7
- Regulatory AUM
- $233M
- AUM share
- 22.8%
- Avg. per client
- $33.3M
Total
- Clients
- 305
- Regulatory AUM
- $1.03B
- AUM share
- 100%
- Avg. per client
- $3.36M
- 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
- 1–10
Cardinal Capital Management is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Glenn Andrews owns 50% to 75% of Cardinal Capital Management. The leadership team of Cardinal Capital Management includes President Glenn Andrews, Chief Financial Officer Kathleen Warren and Chief Compliance Officer Jonathan Andrews. It has 4 employees, 3 of them in advisory roles.
Leadership
- Glenn AndrewsChairman, President, Chief Investment Officer
- Jonathan AndrewsVice President/Chief Compliance Officer
- Kathleen WarrenVice President/Chief Financial Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Glenn C. Andrews
- Jonathan Wesley Andrews
- Kathleen Andrews Warren
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Cardinal Capital Management Inc
Glenn Andrews
Control person · since May 2004
- Owns 10% to 25% of Cardinal Capital Management Inc
Jonathan Andrews
Control person · since October 2010
- Owns 10% to 25% of Cardinal Capital Management Inc
Kathleen Warren
Control person · since June 2013
Cardinal Capital Management’s regulatory assets grew 1.9× from $536M (March 2021) to $1.03B (February 2026); clients rose from 228 to 305 and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $1.03B | 305 | 4 | 1 |
| March 2025 | $891M | 298 | 5 | 1 |
| March 2024 | $805M | 294 | 6 | 1 |
| March 2023 | $594M | 273 | 6 | 1 |
| March 2022 | $639M | 267 | 6 | 1 |
| March 2021 | $536M | 228 | 5 | 1 |
Besides its headquarters, Cardinal Capital Management has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 2626 Glenwood Avenue, Suite 380, RaleighHQ
Contact and registration details
- Legal name
- Cardinal Capital Management Inc
- Headquarters
- 2626 Glenwood Avenue, Suite 380, Raleigh, NC 27608
- Phone
- 919-532-7500
- SEC file
- 801-40703
- Structure
- North Carolina corporation
- Fiscal year end
- December
Cardinal Capital Management uses Charles Schwab ($1.03B) as custodian for its separately managed accounts. Cardinal Capital Management has custody of $149M in client assets for 147 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.03B100%
At year end, Cardinal Capital Management’s separately managed accounts were mostly in stocks (84%) and bonds (11%). Its reported 13F holdings for the quarter ended 30 June 2026 total $826M across 138 positions; the largest are Eli Lilly & CO (3.8%), Johnson & Johnson (3.5%) and Apple Inc. (3.0%).
What the accounts hold
- Stocks84%
- Funds1%
- Bonds11%
- Investment grade corporate bonds7%
- U.S. government and agency bonds4%
- Cash3%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $826M
- Reported 13F value
- 138
- Positions
- 26.8%
- In the 10 largest
- +6.5%
- Value vs. prior quarter
- Eli Lilly & CO3.8%
- Johnson & Johnson3.5%
- Apple Inc.3.0%
- Alphabet Inc. · Cap Stk CL A2.7%
- Bank OF NY Mellon Corp.2.4%
- Costco Wholesale Corporation2.3%
- JPMORGAN Chase & CO2.3%
- Microsoft Corp.2.3%
- Cisco Sys Inc.2.2%
- Deere & CO2.1%
Together, the ten largest are 26.8% of reported value.
How many clients does Cardinal Capital Management have?
Cardinal Capital Management has 305 clients and manages $1.03 billion for them, as of February 2026. They include 151 high-net-worth individuals, 136 individual clients and 11 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 February 2026
What services does Cardinal Capital Management offer?
Cardinal Capital Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cardinal Capital Management use?
Cardinal Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.03B. 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 February 2026
How many financial advisors does Cardinal Capital Management have?
Cardinal Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Cardinal Capital Management invest in?
At the end of its last fiscal year, Cardinal Capital Management’s separately managed accounts held 84% exchange-traded equities, 7% investment grade corporate bonds, 4% U.S. government and agency bonds, 3% cash and equivalents and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cardinal Capital Management?
Cardinal Capital Management’s direct owners are Glenn Andrews (50% to 75%), Jonathan Andrews (10% to 25%) and Kathleen Warren (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 February 2026
How does Cardinal Capital Management get paid?
Cardinal 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
Is Cardinal Capital Management registered with the SEC?
Yes, Cardinal Capital Management has been registered with the SEC as an investment adviser since 30 January 1992. Its CRD number is 108076 and its SEC file number is 801-40703.
Source: Form ADV Part 1A, Item 1, filed 16 February 2026; IAPD firm record
How do I contact Cardinal Capital Management?
Cardinal Capital Management’s main office is at 2626 Glenwood Avenue, Suite 380, Raleigh, NC 27608. Its phone number is 919-532-7500. Its website is cardinalcapitalmanagement.com.