Constitution Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and education planning.
Constitution Capital reports 180 clients. They include 126 individual clients and 54 high-net-worth individuals. Of its assets, 100.0% ($241M across 268 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 9% |
| High-net-worth individuals | 30% | 90% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
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) | 126 | $21.4M | 8.9% | $170K |
| High-net-worth individuals | 54 | $217M | 90.0% | $4.02M |
| Charitable organizations | Fewer than 5 | $1.58M | 0.7% | — |
| Corporations and other businesses | Fewer than 5 | $1.14M | 0.5% | — |
| Total | 180 | $241M | 100% | — |
- Clients
- 126
- Regulatory AUM
- $21.4M
- AUM share
- 8.9%
- Avg. per client
- $170K
- Clients
- 54
- Regulatory AUM
- $217M
- AUM share
- 90.0%
- Avg. per client
- $4.02M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.58M
- AUM share
- 0.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.14M
- AUM share
- 0.5%
- Avg. per client
- —
Total
- Clients
- 180
- Regulatory AUM
- $241M
- 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
Constitution Capital charges 0.50%–1.40% a year for its Wealth Management. The fee is billed in arrears and is negotiable.
Fee details and sources
Gregory Bavedas owns 50% to 75% of Constitution Capital. The leadership team of Constitution Capital includes President Gregory Bavedas. It has 6 employees, 2 of them in advisory roles.
Leadership
- Gregory BavedasManaging Member / Senior Vice President, Managing Director, and Chief Compliance Officer
- Anthony BavedasManaging Member / President and Senior Portfolio Manager
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Constitution Capital LLC
Gregory Bavedas
Control person · since September 2020
- Owns 50% to 75% of Constitution Capital LLC
Anthony Bavedas
Control person · since October 2020
Constitution Capital’s regulatory assets grew from $169M (May 2021) to $241M (February 2026); clients rose from 129 to 180 and employees from 4 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $241M | 180 | 6 | 1 |
| February 2025 | $225M | 130 | 6 | 1 |
| February 2024 | $200M | 164 | 5 | 1 |
| June 2023 | $179M | 181 | 4 | 1 |
| March 2022 | $214M | 225 | 5 | 2 |
| May 2021 | $169M | 129 | 4 | 2 |
Besides its headquarters, Constitution Capital has 0 offices, with 1 listed address in Connecticut.
Connecticut · 1 listed address
- 2 Trap Falls Road, Suite 504, SheltonHQ
Contact and registration details
- Legal name
- Constitution Capital LLC
- Headquarters
- 2 Trap Falls Road, Suite 504, Shelton, CT 06484
- Website
- ciapm.com
- Phone
- 475-269-3200
- @constitution-capital-llc
- SEC file
- 801-119493
- Founded
- 2007
- Structure
- Connecticut LLC
- Fiscal year end
- December
Constitution Capital uses Fidelity ($241M) as custodian for its separately managed accounts. Constitution Capital has custody of $125M in client assets for 40 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $241M100%
At year end, Constitution Capital’s separately managed accounts were mostly in stocks (89%) and bonds (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $195M across 62 positions; the largest are Microsoft Corp. (13.5%), JPMORGAN Chase & CO (6.4%) and Eli Lilly & CO (5.5%).
What the accounts hold
- Stocks89%
- Bonds10%
- U.S. government and agency bonds8%
- State and local bonds2%
- Cash1%
Reported 13F holdings
- $195M
- Reported 13F value
- 62
- Positions
- 56.6%
- In the 10 largest
- −2.6%
- Value vs. prior quarter
- Microsoft Corp.13.5%
- JPMORGAN Chase & CO6.4%
- Eli Lilly & CO5.5%
- Select Sector SPDR TR · ST Str Care ETF4.8%
- Walmart Inc.4.7%
- Select Sector SPDR TR · ST Str Techn ETF4.7%
- Apple Inc.4.6%
- Nvidia Corporation4.5%
- Johnson & Johnson4.1%
- Nextera Energy Inc.3.9%
Together, the ten largest are 56.6% of reported value.
How many clients does Constitution Capital have?
Constitution Capital has 180 clients and manages $241 million for them, as of February 2026. They include 126 individual clients and 54 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 February 2026
What services does Constitution Capital offer?
Constitution Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and education 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 Constitution Capital charge?
Constitution Capital charges 0.50%–1.40% a year for its Wealth Management. The fee is billed in arrears and is negotiable.
Source: CIAPM DISCLOSURE BROCHURE, BROCHURE SUPPLEMENTS, AND PRIVACY POLICY, filed 6 February 2026
Which custodians does Constitution Capital use?
Constitution Capital’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $241M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 February 2026
How many financial advisors does Constitution Capital have?
Constitution Capital has 2 investment adviser representatives registered with state securities authorities, out of 6 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
What does Constitution Capital invest in?
At the end of its last fiscal year, Constitution Capital’s separately managed accounts held 89% exchange-traded equities, 8% U.S. government and agency bonds, 2% state and local bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Constitution Capital?
Constitution Capital’s direct owners are Gregory Bavedas (50% to 75%) and Anthony Bavedas (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 February 2026
How does Constitution Capital get paid?
Constitution 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 Constitution Capital?
Constitution Capital’s main office is at 2 Trap Falls Road, Suite 504, Shelton, CT 06484. Its phone number is 475-269-3200. Its website is ciapm.com.