Islay Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year. The firm advises 2 private funds.
Islay Capital Management reports 183 clients. They include 84 individual clients, 77 high-net-worth individuals, and 11 corporations and other businesses. Of its assets, 100.0% ($358M across 402 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 46% | 7% |
| High-net-worth individuals | 42% | 70% |
| Pooled investment vehicles | 1% | 2% |
| Charitable organizations | 5% | 12% |
| Corporations and other businesses | 6% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 84 | $24.5M | 6.9% | $292K |
| High-net-worth individuals | 77 | $252M | 70.5% | $3.27M |
| Pooled investment vehicles | 2 | $8.39M | 2.3% | $4.19M |
| Charitable organizations | 9 | $42.9M | 12.0% | $4.76M |
| Corporations and other businesses | 11 | $29.9M | 8.4% | $2.72M |
| Total | 183 | $358M | 100% | $1.95M |
- Clients
- 84
- Regulatory AUM
- $24.5M
- AUM share
- 6.9%
- Avg. per client
- $292K
- Clients
- 77
- Regulatory AUM
- $252M
- AUM share
- 70.5%
- Avg. per client
- $3.27M
- Clients
- 2
- Regulatory AUM
- $8.39M
- AUM share
- 2.3%
- Avg. per client
- $4.19M
- Clients
- 9
- Regulatory AUM
- $42.9M
- AUM share
- 12.0%
- Avg. per client
- $4.76M
- Clients
- 11
- Regulatory AUM
- $29.9M
- AUM share
- 8.4%
- Avg. per client
- $2.72M
Total
- Clients
- 183
- Regulatory AUM
- $358M
- AUM share
- 100%
- Avg. per client
- $1.95M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 1–10
Islay Capital Management charges 0.50%–1.00% a year for its Portfolio Management Services. The fee is billed in arrears, is negotiable, has a $2,500 annual minimum and requires an account of at least $250,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Consulting services are billed at an hourly rate of $250, due once the contracted work product is delivered.
- Financial Planning
- Financial planning starts at $1,000 per year, billed bi-annually in arrears; fees vary with time and complexity and may be waived above $150,000 in assets under management.
Islay Ownership, Inc owns 50% to 75% of Islay Capital Management and is in turn owned by Eric McDonald (75% or more). The leadership team of Islay Capital Management includes Chief Investment Officer Eric McDonald. It has 2 employees.
Leadership
- Eric McDonaldManaging Member, Chief Investment Officer, Chief Compliance Officer
- Jeffrey MercerMember
- Tyler SturdivantPortfolio Manager
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Eric Craig McDonald
- Jeffrey Michael Mercer
- Tyler Bee Sturdivant
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 50% to 75% of Islay Capital Management, LLC
Islay Ownership, Inc
Control person · since May 2026
- Owns 75% or more of Islay Ownership, Inc
Eric McDonald
Control person · since June 2026
- Owns 25% to 50% of Islay Capital Management, LLC
Victory Bank
Control person · since July 2026
Islay Capital Management’s regulatory assets grew 1.7× from $208M (February 2021) to $358M (July 2026); clients rose from 140 to 183 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $358M | 183 | 2 | 1 |
| February 2025 | $306M | 170 | 2 | 1 |
| February 2024 | $287M | 172 | 2 | 1 |
| March 2023 | $238M | 162 | 5 | 1 |
| June 2022 | $233M | 142 | 2 | 1 |
| February 2021 | $208M | 140 | 2 | 1 |
Besides its headquarters, Islay Capital Management has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 8001 Quaker Avenue, Suite J, LubbockHQ
Other business names
Islay Capital Management has reported 1 other business name to the SEC.
- McDonald Capital Management
Contact and registration details
- Legal name
- Islay Capital Management, LLC
- Headquarters
- 8001 Quaker Avenue, Suite J, Lubbock, TX 79424
- Website
- Not reported
- Phone
- 806-744-8617
- SEC file
- 801-61327
- Structure
- Texas LLC
- Fiscal year end
- December
Islay Capital Management uses Charles Schwab ($307M, 88%) and Fidelity ($42.4M, 12%) as custodians for its separately managed accounts. Islay Capital Management has custody of $8.39M in client assets for 2 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $307M88%
- FidelityNational Financial Services LLC · Boston, MA · $42.4M12%
At year end, Islay Capital Management’s separately managed accounts were largely in stocks (47%) and bonds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $216M across 231 positions; the largest are SPDR Series Trust (7.3%), Schwab Strategic TR (7.0%) and Angel Oak Funds Trust (5.2%).
What the accounts hold
- Stocks47%
- Funds10%
- Bonds26%
- U.S. government and agency bonds10%
- Investment grade corporate bonds7%
- State and local bonds6%
- High-yield corporate bonds3%
- Cash17%
Reported 13F holdings
- $216M
- Reported 13F value
- 231
- Positions
- 41.8%
- In the 10 largest
- +9.8%
- Value vs. prior quarter
- SPDR Series Trust · ST Str Blo 1 ETF7.3%
- Schwab Strategic TR · US Dividend EQ7.0%
- Angel Oak Funds Trust · Oak Ultrashort5.2%
- American Centy ETF TR · US Sml CP Valu4.7%
- Pimco ETF TR · Inv Grd Crp BD3.8%
- Invesco Exchange Traded FD T · S&P500 Eql Tec3.5%
- EA Series Trust · Freedom 100 EM2.9%
- Schwab Strategic TR · US Brd Mkt ETF2.5%
- Apple Inc.2.5%
- Schwab Strategic TR · Sht TM US Tres2.5%
Together, the ten largest are 41.8% of reported value.
How many clients does Islay Capital Management have?
Islay Capital Management has 183 clients and manages $358 million for them, as of July 2026. They include 84 individual clients, 77 high-net-worth individuals, and 11 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 July 2026
What services does Islay Capital Management offer?
Islay Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Islay Capital Management charge?
Islay Capital Management charges 0.50%–1.00% a year for its Portfolio Management Services. The fee is billed in arrears, is negotiable, has a $2,500 annual minimum and requires an account of at least $250,000.
Source: MCDONALD CAPITAL MANAGEMENT ADV PART 2, filed 17 July 2026
Which custodians does Islay Capital Management use?
Islay Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $307M and National Financial Services LLC (Boston, MA), with $42.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 July 2026
How many financial advisors does Islay Capital Management have?
Islay Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 2 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 Islay Capital Management invest in?
At the end of its last fiscal year, Islay Capital Management’s separately managed accounts held 47% exchange-traded equities, 17% cash and equivalents, 10% U.S. government and agency bonds, 10% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 6% state and local bonds and 3% high-yield corporate bonds. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Islay Capital Management have a minimum investment?
Yes, Islay Capital Management’s minimum account size for its Portfolio Management Services is $250K. It charges a $2.5K annual minimum fee.
Source: MCDONALD CAPITAL MANAGEMENT ADV PART 2, filed 17 July 2026
Who owns Islay Capital Management?
Islay Capital Management is owned through a holding company by Eric McDonald. Its direct owners are Islay Ownership, Inc (50% to 75%) and Victory Bank (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 July 2026
How does Islay Capital Management get paid?
Islay Capital Management is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. 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 Islay Capital Management?
Islay Capital Management’s main office is at 8001 Quaker Avenue, Suite J, Lubbock, TX 79424. Its phone number is 806-744-8617.