Southern Capital Services provides portfolio management for individuals and small businesses and portfolio management for institutions.
Southern Capital Services reports 394 clients. They include 331 individual clients, 42 high-net-worth individuals, and 20 pension and profit-sharing plans. Of its assets, 99.5% ($191M across 695 accounts) are managed with discretion; $981K across 5 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 84% | 37% |
| High-net-worth individuals | 11% | 56% |
| Pension and profit-sharing plans | 5% | 7% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 331 | $70.7M | 36.7% | $214K |
| High-net-worth individuals | 42 | $107M | 55.8% | $2.56M |
| Pension and profit-sharing plans | 20 | $14.1M | 7.3% | $704K |
| Charitable organizations | Fewer than 5 | $247K | 0.1% | $247K |
| Total | 394 | $192M | 100% | — |
- Clients
- 331
- Regulatory AUM
- $70.7M
- AUM share
- 36.7%
- Avg. per client
- $214K
- Clients
- 42
- Regulatory AUM
- $107M
- AUM share
- 55.8%
- Avg. per client
- $2.56M
- Clients
- 20
- Regulatory AUM
- $14.1M
- AUM share
- 7.3%
- Avg. per client
- $704K
- Clients
- Fewer than 5
- Regulatory AUM
- $247K
- AUM share
- 0.1%
- Avg. per client
- $247K
Total
- Clients
- 394
- Regulatory AUM
- $192M
- 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
Southern Capital Services charges 0.50%–1.00% a year for its Investment Supervisory Services. The fee is billed in advance and is negotiable.
Fee details and sources
Terry Nager owns 50% to 75% of Southern Capital Services. The leadership team of Southern Capital Services includes President Terry Nager and Chief Compliance Officer Wendy Nelson Bailey. It has 9 employees, 6 of them in advisory roles.
Staff
- 9 employees
- 6 in advisory functions
- 6 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Southern Capital Services, Inc.
Terry Nager
Control person · since August 1982
- Owns 10% to 25% of Southern Capital Services, Inc.
David Lindsey
Control person · since December 1998
Southern Capital Services’ regulatory assets grew from $151M (July 2021) to $192M (March 2026); clients were 394 in both filings and employees fell from 10 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $192M | 394 | 9 | 4 |
| Mar 2025March 2025 | $174M | 706 | 9 | 4 |
| Apr 2024April 2024 | $158M | 385 | 10 | 3 |
| Apr 2023April 2023 | $152M | 377 | 10 | 3 |
| Jul 2022July 2022 | $177M | 386 | 10 | 3 |
| Jul 2021July 2021 | $151M | 380 | 10 | 1 |
Besides its headquarters, Southern Capital Services has 3 offices (3 private residences, listed without an address), with 1 listed address in 1 state.
Alabama · 1 listed address
- 29000 US Hwy 98, the Summit, Suite 203-B, DaphneHQ
Contact and registration details
- Legal name
- Southern Capital Services, Inc.
- Headquarters
- 29000 US Hwy 98, The Summit, Suite 203-B, Daphne, AL 36526
- Website
- Not reported
- Phone
- 251-626-1140
- @southern-capital-services
- SEC file
- 801-111685
- Structure
- Alabama corporation
- Fiscal year end
- December
Southern Capital Services’ named custodian for separately managed accounts is Charles Schwab ($192M). Southern Capital Services does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $192M100%
At year end, Southern Capital Services’ separately managed accounts were mostly in funds (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $178M across 29 positions; the largest are Select Sector SPDR TR (15.6%), First TR Exchange-traded FD (9.7%) and Vanguard World FD (6.8%).
What the accounts hold
- Stocks5%
- Funds92%
- Bonds1%
- Cash2%
How many clients does Southern Capital Services have?
Southern Capital Services has 394 clients and manages $192 million for them, as of March 2026. They include 331 individual clients, 42 high-net-worth individuals, and 20 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Southern Capital Services offer?
Southern Capital Services provides portfolio management for individuals and small businesses 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 Southern Capital Services charge?
Southern Capital Services charges 0.50%–1.00% a year for its Investment Supervisory Services. The fee is billed in advance and is negotiable.
Which custodians does Southern Capital Services use?
Southern Capital Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $192M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Southern Capital Services have?
Southern Capital Services has 6 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 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 Southern Capital Services invest in?
At the end of its last fiscal year, Southern Capital Services’ separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities, 2% cash and equivalents and 1% 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 Southern Capital Services?
Southern Capital Services’ direct owners are Terry Nager (50% to 75%) and David Lindsey (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Southern Capital Services get paid?
Southern Capital Services 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 Southern Capital Services?
Southern Capital Services’ main office is at 29000 US Hwy 98, The Summit, Suite 203-B, Daphne, AL 36526. Its phone number is 251-626-1140.
