{"url":"https://nivawealth.com/firms/carriage-services-investment-advisors-164325","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/164325","regulatoryAum":308215760,"crd":"164325","history":[{"filedOn":"2021-03-24","regulatoryAum":242039358,"clients":1,"employees":5,"offices":1},{"filedOn":"2022-03-28","regulatoryAum":267352583,"clients":1,"employees":5,"offices":1},{"filedOn":"2023-05-02","regulatoryAum":248399734,"clients":1,"employees":5,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":272694075,"clients":1,"employees":6,"offices":1},{"filedOn":"2025-07-09","regulatoryAum":280250826,"clients":1,"employees":5,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":308215760,"clients":1,"employees":4,"offices":1}],"secFileNumber":"801-76865","legalName":"Carriage Services Investment Advisors, Inc.","displayName":"Carriage Services Investment Advisors","slug":"carriage-services-investment-advisors-164325","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"3040 Post Oak BLVD., Suite 300","city":"Houston","state":"TX","stateName":"Texas","country":"United States","postalCode":"77056"},"tradeNames":[],"registration":{"secApproved":"18 July 2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":308215760,"discretionary":307682015,"discretionaryAccounts":119,"nonDiscretionary":533745,"nonDiscretionaryAccounts":5,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":278298212},{"label":"Other","clients":null,"fewerThan5":true,"regulatoryAum":29917548}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Regions Bank, N.A.","shortName":"Regions Bank, N.A.","location":"Birmingham, AL","smaAssets":22299775},{"name":"Argent Trust Company","shortName":"Argent Trust","location":"Wilmington, NC","smaAssets":4658432}],"custodyNote":"Carriage Services Investment Advisors has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Steven Metzger","title":"President","crd":"6044620"},{"name":"Timothy \"Pepper\" Burns","title":"Chief Compliance Officer","crd":"7703184"},{"name":"John Enwright","title":"Treasurer","crd":"8058135"}],"ownership":[{"label":"Carriage Services, Inc.","detail":"Sole stockholder in the 75% or more ownership band and a control person, since April 2012."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"3040 Post Oak BLVD., Suite 300","city":"Houston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"713-332-8400","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":18},{"label":"Non-exchange-traded equity securities","percent":31},{"label":"Securities issued by registered investment companies or business development companies","percent":2},{"label":"Cash and cash equivalents","percent":10},{"label":"Other","percent":40,"detail":"Other Closed-End Funds."}],"privateFunds":1},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/164325/PDF/164325.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Carriage Services Investment Advisors have?","answer":"Carriage Services Investment Advisors has 1 client and manages $308 million for them, as of March 2026. They include 1 pooled investment vehicle.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Carriage Services Investment Advisors offer?","answer":"Carriage Services Investment Advisors provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Carriage Services Investment Advisors use?","answer":"Carriage Services Investment Advisors’ separately managed account assets are held at Regions Bank, N.A. (Birmingham, AL), with $22.3M and Argent Trust Company (Wilmington, NC), with $4.66M. 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Carriage Services Investment Advisors have?","answer":"Carriage Services Investment Advisors has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Carriage Services Investment Advisors invest in?","answer":"At the end of its last fiscal year, Carriage Services Investment Advisors’ separately managed accounts held 40% other, 31% non-exchange-traded equities, 18% exchange-traded equities, 10% cash and equivalents and 2% registered funds (mutual funds, ETFs, BDCs). The 40% other category is described as: Other Closed-End Funds. It advises 1 private fund.","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":"Who owns Carriage Services Investment Advisors?","answer":"Carriage Services Investment Advisors’ direct owner is Carriage Services, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Carriage Services Investment Advisors get paid?","answer":"Carriage Services Investment Advisors 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Carriage Services Investment Advisors?","answer":"Carriage Services Investment Advisors’ main office is at 3040 Post Oak BLVD., Suite 300, Houston, TX 77056. Its phone number is 713-332-8400.","source":"Form ADV Part 1A, Item 1.F, filed 27 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."}