Cargile Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and insurance.
Cargile Investment Management reports 204 clients. They include 138 individual clients, 58 high-net-worth individuals, and 7 corporations and other businesses. Of its assets, 100.0% ($395M across 319 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 68% | 5% |
| High-net-worth individuals | 28% | 75% |
| Investment companies | <1% | 3% |
| Charitable organizations | Fewer than 5 | 1% |
| State or municipal government entities | Fewer than 5 | <1% |
| Other client typesCorporations and other businesses | 3% | 15% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 138 | $21.7M | 5.5% | $157K |
| High-net-worth individuals | 58 | $294M | 74.6% | $5.07M |
| Investment companies | 1 | $12.9M | 3.3% | $12.9M |
| Charitable organizations | Fewer than 5 | $4M | 1.0% | — |
| State or municipal government entities | Fewer than 5 | $1.34M | 0.3% | — |
| Corporations and other businesses | 7 | $60.4M | 15.3% | $8.63M |
| Total | 204 | $395M | 100% | — |
- Clients
- 138
- Regulatory AUM
- $21.7M
- AUM share
- 5.5%
- Avg. per client
- $157K
- Clients
- 58
- Regulatory AUM
- $294M
- AUM share
- 74.6%
- Avg. per client
- $5.07M
- Clients
- 1
- Regulatory AUM
- $12.9M
- AUM share
- 3.3%
- Avg. per client
- $12.9M
- Clients
- Fewer than 5
- Regulatory AUM
- $4M
- AUM share
- 1.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.34M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $60.4M
- AUM share
- 15.3%
- Avg. per client
- $8.63M
Total
- Clients
- 204
- Regulatory AUM
- $395M
- 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
Cargile Investment Management charges 0.10%–2.00% a year for its Portfolio Management Services. The fee is billed in arrears, is negotiable and has a $1,500 annual minimum.
Fee details and sources
Mickey Cargile owns 75% or more of Cargile Investment Management. The leadership team of Cargile Investment Management includes President Mickey Cargile. It has 3 employees, 1 of them in advisory roles.
Leadership
- Mickey CargilePresident & Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Mickey Ray Cargile
- Charles Ross Gaines JR
- Keith Wayne Parker
Staff
- 3 employees
- 1 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of Cargile Investment Management, Inc.
Mickey Cargile
Control person · since July 2001
Cargile Investment Management’s regulatory assets grew 1.7× from $235M (March 2021) to $395M (March 2026); clients fell from 248 to 204 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $395M | 204 | 3 | 1 |
| March 2025 | $383M | 164 | 3 | 1 |
| March 2024 | $289M | 162 | 3 | 1 |
| March 2023 | $281M | 129 | 3 | 1 |
| March 2022 | $261M | 146 | 3 | 1 |
| March 2021 | $235M | 248 | 3 | 1 |
Besides its headquarters, Cargile Investment Management has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 415 West Wall Street, Suite 2200, MidlandHQ
Contact and registration details
- Legal name
- Cargile Investment Management, Inc.
- Headquarters
- 415 West Wall Street, Suite 2200, Midland, TX 79701
- Website
- Not reported
- Phone
- 432-617-1394
- SEC file
- 801-64513
- Founded
- 1984
- Structure
- Texas corporation
- Fiscal year end
- December
Cargile Investment Management uses Charles Schwab ($255M, 66%) and Fidelity ($131M, 34%) as custodians for its separately managed accounts. Cargile Investment Management has custody of $278M in client assets for 205 clients.
- FidelityNational Financial Services LLC · Boston, MA · $131M34%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $255M66%
At year end, Cargile Investment Management’s separately managed accounts were largely in cash (30%) and bonds (28%).
What the accounts hold
- Stocks16%
- Funds26%
- Bonds28%
- State and local bonds17%
- U.S. government and agency bonds8%
- Investment grade corporate bonds3%
- Cash30%
How many clients does Cargile Investment Management have?
Cargile Investment Management has 204 clients and manages $395 million for them, as of March 2026. They include 138 individual clients, 58 high-net-worth individuals, and 7 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Cargile Investment Management offer?
Cargile Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and insurance.
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 Cargile Investment Management charge?
Cargile Investment Management charges 0.10%–2.00% a year for its Portfolio Management Services. The fee is billed in arrears, is negotiable and has a $1,500 annual minimum.
Source: ADV PART 2A, filed 24 March 2026
Which custodians does Cargile Investment Management use?
Cargile Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $255M and National Financial Services LLC (Boston, MA), with $131M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Cargile Investment Management have?
Cargile Investment Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 1 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 Cargile Investment Management invest in?
At the end of its last fiscal year, Cargile Investment Management’s separately managed accounts held 30% cash and equivalents, 26% registered funds (mutual funds, ETFs, BDCs), 17% state and local bonds, 16% exchange-traded equities, 8% U.S. government and agency bonds and 3% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cargile Investment Management?
Cargile Investment Management’s direct owner is Mickey Cargile (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Cargile Investment Management get paid?
Cargile Investment 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 Cargile Investment Management?
Cargile Investment Management’s main office is at 415 West Wall Street, Suite 2200, Midland, TX 79701. Its phone number is 432-617-1394.