Carmichael Capital provides portfolio management for individuals and small businesses.
Carmichael Capital reports 76 clients. They include 39 individual clients and 37 high-net-worth individuals. Of its assets, 100.0% ($127M across 203 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 51% | 4% |
| High-net-worth individuals | 49% | 94% |
| Corporations and other businesses | Fewer than 5 | 2% |
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) | 39 | $5.04M | 4.0% | $129K |
| High-net-worth individuals | 37 | $119M | 93.7% | $3.21M |
| Corporations and other businesses | Fewer than 5 | $2.9M | 2.3% | — |
| Total | 76 | $127M | 100% | — |
- Clients
- 39
- Regulatory AUM
- $5.04M
- AUM share
- 4.0%
- Avg. per client
- $129K
- Clients
- 37
- Regulatory AUM
- $119M
- AUM share
- 93.7%
- Avg. per client
- $3.21M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.9M
- AUM share
- 2.3%
- Avg. per client
- —
Total
- Clients
- 76
- Regulatory AUM
- $127M
- 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
Carmichael Capital charges up to 1.00% a year for its Management fee. The fee is billed in arrears and is negotiable.
Fee details and sources
Claude Carmichael owns 75% or more of Carmichael Capital. The leadership team of Carmichael Capital includes President Claude Carmichael. It has 2 employees, 1 of them in advisory roles.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Carmichael Capital, Inc.
Claude Carmichael
Control person · since May 1993
Carmichael Capital’s regulatory assets grew from $113M (March 2024) to $127M (March 2026); clients fell from 96 to 76 and employees from 4 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $127M | 76 | 2 | 1 |
| May 2025May 2025 | $142M | 100 | 4 | 1 |
| Mar 2024March 2024 | $113M | 96 | 4 | 1 |
Besides its headquarters, Carmichael Capital has 0 offices, with 1 listed address in 1 state.
Tennessee · 1 listed address
- 339 Main Street, 2nd Floor, FranklinHQ
Other business names
Carmichael Capital has reported 1 other business name to the SEC.
- Carmichael Creel Investments
Contact and registration details
- Legal name
- Carmichael Capital, Inc.
- Headquarters
- 339 Main Street, 2nd Floor, Franklin, TN 37064
- Website
- carmichaelcreel.com
- Phone
- 615-595-5825
- @carmichael-creel
- SEC file
- 801-129968
- Structure
- Delaware corporation
- Fiscal year end
- December
Carmichael Capital’s named custodian for separately managed accounts is Charles Schwab ($124M). Carmichael Capital does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $124M100%
At year end, Carmichael Capital’s separately managed accounts were mostly in stocks (68%) and cash (25%).
What the accounts hold
- Stocks68%
- Funds5%
- Bonds2%
- Cash25%
How many clients does Carmichael Capital have?
Carmichael Capital has 76 clients and manages $127 million for them, as of March 2026. They include 39 individual clients and 37 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026
What services does Carmichael Capital offer?
Carmichael Capital provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Carmichael Capital charge?
Carmichael Capital charges up to 1.00% a year for its Management fee. The fee is billed in arrears and is negotiable.
Which custodians does Carmichael Capital use?
Carmichael Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $124M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 March 2026
How many financial advisors does Carmichael Capital have?
Carmichael Capital has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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 Carmichael Capital invest in?
At the end of its last fiscal year, Carmichael Capital’s separately managed accounts held 68% exchange-traded equities, 25% cash and equivalents, 5% registered funds (mutual funds, ETFs, BDCs) and 2% 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
Who owns Carmichael Capital?
Carmichael Capital’s direct owner is Claude Carmichael (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 4 March 2026
How does Carmichael Capital get paid?
Carmichael Capital 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 Carmichael Capital?
Carmichael Capital’s main office is at 339 Main Street, 2nd Floor, Franklin, TN 37064. Its phone number is 615-595-5825. Its website is carmichaelcreel.com.
