Highland Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions.
Highland Capital Management reports 957 clients. They include 450 high-net-worth individuals, 206 individual clients and 107 state or municipal government entities. Of its assets, 100.0% ($3.88B across 957 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $5.1M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 2% |
| High-net-worth individuals | 47% | 31% |
| Investment companies | <1% | 2% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | 9% | 23% |
| Other client typesCharitable organizations; State or municipal government entities; Corporations and other businesses; Other | 22% | 42% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 206 | $82.7M | 2.1% | $401K |
| High-net-worth individuals | 450 | $1.2B | 31.0% | $2.67M |
| Investment companies | 1 | $74.9M | 1.9% | $74.9M |
| Pooled investment vehicles | 2 | $1.78M | 0.0% | $888K |
| Pension and profit-sharing plans | 85 | $891M | 23.0% | $10.5M |
| Charitable organizations | 77 | $499M | 12.9% | $6.49M |
| State or municipal government entities | 107 | $903M | 23.3% | $8.44M |
| Corporations and other businesses | 15 | $112M | 2.9% | $7.5M |
| Other | 14 | $113M | 2.9% | $8.07M |
| Total | 957 | $3.88B | 100% | $4.06M |
- Clients
- 206
- Regulatory AUM
- $82.7M
- AUM share
- 2.1%
- Avg. per client
- $401K
- Clients
- 450
- Regulatory AUM
- $1.2B
- AUM share
- 31.0%
- Avg. per client
- $2.67M
- Clients
- 1
- Regulatory AUM
- $74.9M
- AUM share
- 1.9%
- Avg. per client
- $74.9M
- Clients
- 2
- Regulatory AUM
- $1.78M
- AUM share
- 0.0%
- Avg. per client
- $888K
- Clients
- 85
- Regulatory AUM
- $891M
- AUM share
- 23.0%
- Avg. per client
- $10.5M
- Clients
- 77
- Regulatory AUM
- $499M
- AUM share
- 12.9%
- Avg. per client
- $6.49M
- Clients
- 107
- Regulatory AUM
- $903M
- AUM share
- 23.3%
- Avg. per client
- $8.44M
- Clients
- 15
- Regulatory AUM
- $112M
- AUM share
- 2.9%
- Avg. per client
- $7.5M
- Clients
- 14
- Regulatory AUM
- $113M
- AUM share
- 2.9%
- Avg. per client
- $8.07M
Total
- Clients
- 957
- Regulatory AUM
- $3.88B
- AUM share
- 100%
- Avg. per client
- $4.06M
- 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
Highland Capital Management is paid through a percentage of assets under management, performance-based fees and other compensation; its fees and minimums are set out in its brochures on the SEC website.
Argent Financial Group, Inc owns 75% or more of Highland Capital Management. The leadership team of Highland Capital Management includes President Steven Wishnia, Chief Investment Officer David Thompson and Chief Compliance Officer Lori Montgomery. It has 21 employees, 13 of them in advisory roles.
Leadership
- Steven WishniaPresident & CEO
- Lori MontgomeryChief Compliance Officer
- David ThompsonChief Investment Officer/Director of Private Wealth
- Michael TindalDirector of Taft-Hartley Services
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Lelia Woodley Coggins
- Mark Joseph Cronin
- Alan M Erickson
- Benjamin Joseph Granger
- Bart Nmi McMurry
- Scott Eric Notowich
- Andrew Travis O'Sullivan
- Shibahn Singh Rodda
- Steven Michael Stack
- David Lee Thompson
- Steven Wishnia
- Todd Ian Wishnia
Staff
- 21 employees
- 13 in advisory functions
- 12 state-registered reps
- 2 soliciting firms
- Owns 75% or more of Highland Capital Management, LLC
Argent Financial Group, Inc
Control person · since December 2012
Highland Capital Management’s regulatory assets grew from $3.06B (March 2021) to $3.88B (July 2026); clients were 957 in both filings and employees fell from 23 to 21. In 2015, Icc Capital Management joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $3.88B | 957 | 21 | 2 |
| March 2025 | $3.54B | 1,044 | 21 | 2 |
| May 2024 | $3.41B | 1,038 | 19 | 2 |
| August 2023 | $3.1B | 953 | 20 | 3 |
| April 2022 | $3.45B | 979 | 22 | 3 |
| March 2021 | $3.06B | 965 | 23 | 3 |
Firms that joined
20151 joined
- Icc Capital ManagementNo 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, Highland Capital Management has 1 office, with 2 listed addresses in Florida and Tennessee.
Florida · 1 listed address
- 1035 Greenwood BLVD, Lake Mary
Tennessee · 1 listed address
- 850 Ridge Lake BLVD, Suite 205, MemphisHQ
Contact and registration details
- Legal name
- Highland Capital Management, LLC
- Headquarters
- 850 Ridge Lake BLVD, Suite 205, Memphis, TN 38120
- Website
- highlandcap.com
- Phone
- 901-761-9500
- @highland-capital-management-llc
- SEC file
- 801-8762
- Structure
- Tennessee LLC
- Fiscal year end
- December
Highland Capital Management uses Argent Trust ($774M, 33%), Salem Trust ($614M, 26%) and Charles Schwab ($550M, 23%), among others, as custodians for its separately managed accounts. Highland Capital Management has custody of $455M in client assets for 145 clients.
- Salem TrustSalem Trust · Deerfield Beach, FL · $614M26%
- Truist FinancialTruist Financial Corp · Memphis, TN · $411M17%
- Argent TrustArgent Trust Company · Ruston, LA · $774M33%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $550M23%
At year end, Highland Capital Management’s separately managed accounts were mostly in stocks (50%) and bonds (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.17B across 411 positions; the largest are Micron Technology Inc. (5.8%), Apple Inc. (5.0%) and Microsoft Corp. (4.5%).
What the accounts hold
- Stocks50%
- Funds8%
- Bonds36%
- U.S. government and agency bonds23%
- Investment grade corporate bonds12%
- State and local bonds1%
- Cash5%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $2.17B
- Reported 13F value
- 411
- Positions
- 34.3%
- In the 10 largest
- —
- Value vs. prior quarter
- Micron Technology Inc.5.8%
- Apple Inc.5.0%
- Microsoft Corp.4.5%
- Broadcom Inc.3.6%
- Nvidia Corp.3.5%
- Alphabet Inc.3.2%
- Alphabet Inc.2.5%
- JP Morgan Chase & CO2.3%
- Core S&P 5002.3%
- Amazon Com Incorporated1.7%
Together, the ten largest are 34.3% of reported value.
How many clients does Highland Capital Management have?
Highland Capital Management has 957 clients and manages $3.88 billion for them, as of July 2026. They include 450 high-net-worth individuals, 206 individual clients and 107 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026
What services does Highland Capital Management offer?
Highland Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Highland Capital Management use?
Highland Capital Management’s separately managed account assets are held at Argent Trust Company (Ruston, LA), with $774M, Salem Trust (Deerfield Beach, FL), with $614M, Charles Schwab & Co., Inc. (San Francisco, CA), with $550M and Truist Financial Corp (Memphis, TN), with $411M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026
How many financial advisors does Highland Capital Management have?
Highland Capital Management has 12 investment adviser representatives registered with state securities authorities, out of 21 employees, and 13 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 Highland Capital Management invest in?
At the end of its last fiscal year, Highland Capital Management’s separately managed accounts held 50% exchange-traded equities, 23% U.S. government and agency bonds, 12% investment grade corporate bonds, 8% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Highland Capital Management?
Highland Capital Management’s direct owner is Argent Financial Group, Inc (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 July 2026
How does Highland Capital Management get paid?
Highland Capital Management is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions 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 Highland Capital Management?
Highland Capital Management’s main office is at 850 Ridge Lake BLVD, Suite 205, Memphis, TN 38120. Its phone number is 901-761-9500. Its website is highlandcap.com.