Carmel Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, estate planning, financial planning, insurance, and tax planning. Financial planning was provided to 26–50 clients last fiscal year. The firm advises 3 private funds.
Carmel Capital Partners reports 263 clients. They include 153 individual clients, 94 high-net-worth individuals, and 8 pension and profit-sharing plans. Of its assets, 99.3% ($431M across 777 accounts) are managed with discretion; $3.04M across 5 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | 24% |
| High-net-worth individuals | 36% | 61% |
| Pooled investment vehicles | 1% | 4% |
| Pension and profit-sharing plans | 3% | 10% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 153 | $106M | 24.3% | $690K |
| High-net-worth individuals | 94 | $266M | 61.2% | $2.83M |
| Pooled investment vehicles | 3 | $16.4M | 3.8% | $5.46M |
| Pension and profit-sharing plans | 8 | $43.1M | 9.9% | $5.38M |
| Corporations and other businesses | 5 | $3.61M | 0.8% | $722K |
| Total | 263 | $434M | 100% | $1.65M |
- Clients
- 153
- Regulatory AUM
- $106M
- AUM share
- 24.3%
- Avg. per client
- $690K
- Clients
- 94
- Regulatory AUM
- $266M
- AUM share
- 61.2%
- Avg. per client
- $2.83M
- Clients
- 3
- Regulatory AUM
- $16.4M
- AUM share
- 3.8%
- Avg. per client
- $5.46M
- Clients
- 8
- Regulatory AUM
- $43.1M
- AUM share
- 9.9%
- Avg. per client
- $5.38M
- Clients
- 5
- Regulatory AUM
- $3.61M
- AUM share
- 0.8%
- Avg. per client
- $722K
Total
- Clients
- 263
- Regulatory AUM
- $434M
- AUM share
- 100%
- Avg. per client
- $1.65M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 3
- Financial planning clients last fiscal year
- 26–50
Carmel Capital Partners charges 0.60%–1.50% a year for its Investment Advisory Fee. The fee is negotiable.
Fee details and sources
Carmel Hold Co., LLC owns 75% or more of Carmel Capital Partners and is in turn owned by CCP Legacy Holdings (50–75%). The leadership team of Carmel Capital Partners includes Chief Compliance Officer Russell Silberstein. It has 9 employees, 5 of them in advisory roles.
Leadership
Russell SilbersteinManaging Member/Chief Compliance Officer
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 5 in advisory functions
- 8 state-registered reps
- 3 insurance agents
- Owns 75% or more of Carmel Capital Partners, LLC
Carmel Hold Co., LLC
Control person · since April 2023
- Owns 50% to 75% of Carmel Hold Co., LLC
CCP Legacy Holdings
Control person · since April 2023
- Owns 50% to 75% of Carmel Capital Partners, LLC
Russell Silberstein
Control person · since August 2004
Carmel Capital Partners’ regulatory assets grew 1.8× from $246M (March 2021) to $434M (March 2026); clients rose from 224 to 263 and employees from 3 to 9. In 2018, Messner & Smith Theme Value Investment Management (Messner & Smith) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $434M | 263 | 9 | 5 |
| March 2025 | $380M | 231 | 8 | 4 |
| May 2024 | $333M | 176 | 10 | 4 |
| March 2023 | $371M | 359 | 5 | 2 |
| March 2022 | $386M | 359 | 3 | 1 |
| March 2021 | $246M | 224 | 3 | 1 |
Firms that joined
20181 joined
- Messner & Smith Theme Value Investment Management (Messner & Smith)No filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Carmel Capital Partners has 4 offices (3 private residences, listed without an address), with 2 listed addresses in California.
California · 2 listed addresses
- 12760 High Bluff Drive, Suite 210, San DiegoHQ
- 10085 Carroll Canyon RD, San Diego
Contact and registration details
- Legal name
- Carmel Capital Partners, LLC
- Headquarters
- 12760 High Bluff Drive, Suite 210, San Diego, CA 92130
- Website
- carmelcapitalpartners.com
- Phone
- 858-457-7544
- @carmelcapitalpartners
- SEC file
- 801-64695
- Founded
- 2002
- Structure
- California LLC
- Fiscal year end
- December
Carmel Capital Partners uses Charles Schwab ($324M) as custodian for its separately managed accounts. Carmel Capital Partners has custody of $338M in client assets for 199 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $324M100%
At year end, Carmel Capital Partners’ separately managed accounts were mostly in stocks (65%) and funds (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $303M across 148 positions; the largest are Wisdomtree TR (14.5%), Home Depot Inc. (8.3%) and Proshares TR (4.3%).
What the accounts hold
- Stocks65%
- Funds18%
- Registered funds12%
- Pooled vehicles6%
- Bonds5%
- U.S. government and agency bonds3%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash3%
- Other9%
- Real estate partnerships9%
Reported 13F holdings
- $303M
- Reported 13F value
- 148
- Positions
- 45.1%
- In the 10 largest
- +9.5%
- Value vs. prior quarter
- Wisdomtree TR · Floatng Rat Trea14.5%
- Home Depot Inc.8.3%
- Proshares TR · S&P 500 DV Arist4.3%
- Capital Grp Fixed Incm ETF T · US Multi-sector3.3%
- iShares TR · Ibonds 28 Trm TS3.3%
- Amazon Com Inc.2.5%
- iShares TR · S&P 500 Val ETF2.3%
- Series Portfolios TR · Eldr Aaa Clo ETF2.2%
- Invesco Exch Trd Slf Idx FD · Buletshs 20292.2%
- Invesco Exch Trd Slf Idx FD · Invsco Blsh 282.1%
Together, the ten largest are 45.1% of reported value.
How many clients does Carmel Capital Partners have?
Carmel Capital Partners has 263 clients and manages $434 million for them, as of March 2026. They include 153 individual clients, 94 high-net-worth individuals, and 8 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Carmel Capital Partners offer?
Carmel Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, estate planning, financial planning, insurance, 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 Carmel Capital Partners charge?
Carmel Capital Partners charges 0.60%–1.50% a year for its Investment Advisory Fee. The fee is negotiable.
Source: CARMEL CAPITAL PARTNERS, LLC FORM ADV BROCHURE, filed 27 March 2026
Which custodians does Carmel Capital Partners use?
Carmel Capital Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $324M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Carmel Capital Partners have?
Carmel Capital Partners has 8 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are 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 Carmel Capital Partners invest in?
At the end of its last fiscal year, Carmel Capital Partners’ separately managed accounts held 65% exchange-traded equities, 12% registered funds (mutual funds, ETFs, BDCs), 9% other, 6% pooled vehicles (private funds and similar), 3% U.S. government and agency bonds, 3% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds. The 9% other category is described as: Real Estate Partnerships. It advises 3 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 Carmel Capital Partners?
Carmel Capital Partners is owned through a holding company by CCP Legacy Holdings. Its direct owners are Russell Silberstein (50% to 75%) and Carmel Hold Co., LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Carmel Capital Partners get paid?
Carmel Capital Partners 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 Carmel Capital Partners?
Carmel Capital Partners’ main office is at 12760 High Bluff Drive, Suite 210, San Diego, CA 92130. Its phone number is 858-457-7544. Its website is carmelcapitalpartners.com.