Woodmont Investment Counsel provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Woodmont Investment Counsel reports 468 clients. They include 335 high-net-worth individuals, 102 individual clients and 27 charitable organizations. Of its assets, 98.5% ($1.98B across 1,458 accounts) are managed with discretion; $30.1M across 11 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 3% |
| High-net-worth individuals | 72% | 85% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 6% | 11% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 102 | $65.1M | 3.2% | $638K |
| High-net-worth individuals | 335 | $1.71B | 85.2% | $5.12M |
| Pension and profit-sharing plans | Fewer than 5 | $347K | 0.0% | $174K |
| Charitable organizations | 27 | $227M | 11.3% | $8.4M |
| Corporations and other businesses | Fewer than 5 | $5.15M | 0.3% | $2.58M |
| Total | 468 | $2.01B | 100% | — |
- Clients
- 102
- Regulatory AUM
- $65.1M
- AUM share
- 3.2%
- Avg. per client
- $638K
- Clients
- 335
- Regulatory AUM
- $1.71B
- AUM share
- 85.2%
- Avg. per client
- $5.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $347K
- AUM share
- 0.0%
- Avg. per client
- $174K
- Clients
- 27
- Regulatory AUM
- $227M
- AUM share
- 11.3%
- Avg. per client
- $8.4M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.15M
- AUM share
- 0.3%
- Avg. per client
- $2.58M
Total
- Clients
- 468
- Regulatory AUM
- $2.01B
- 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
- 251–500
Woodmont Investment Counsel is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Stephen Frohsin owns 25% to 50% of Woodmont Investment Counsel. The leadership team of Woodmont Investment Counsel includes Chief Compliance Officer Brian Kopinski. It has 15 employees, 11 of them in advisory roles.
Leadership
- Brian KopinskiChief Compliance Officer
- Carolyn BennettPrincipal, Cso
- Nicole HughesCOO
- Ann Taylor KnottsPrincipal
- Lindsay YoungbauerPrincipal
- Stephen FrohsinPrincipal
- Will SettlePrincipal
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
- Carolyn Grace Bennett
- Jason Bonn
- Jack Dupuy
- Stephen Adler Frohsin
- Nicole Catherine Hughes
- Ann Taylor Holley Knotts
- Brian James Kopinski
- Andrew James Peapos
- Cade Jeffery Schacher
- Will E Settle MR.
- Lindsay Anne Youngbauer
Staff
- 15 employees
- 11 in advisory functions
- 11 state-registered reps
- 4 soliciting firms
- Owns 25% to 50% of Woodmont Investment Counsel, LLC
Stephen Frohsin
Control person · since November 2004
- Owns 25% to 50% of Woodmont Investment Counsel, LLC
Will Settle
Control person · since April 2011
- Owns 25% to 50% of Woodmont Investment Counsel, LLC
SSC Wic Holdings, LLC
Control person · since February 2023
- Owns 75% or more of SSC Wic Holdings, LLC
Joseph Benedict
Control person · since February 2023
Woodmont Investment Counsel’s regulatory assets grew 2.1× from $959M (March 2021) to $2.01B (March 2026); clients rose from 362 to 468 and employees from 10 to 15.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.01B | 468 | 15 | 3 |
| March 2025 | $1.74B | 449 | 11 | 2 |
| March 2024 | $1.41B | 420 | 11 | 2 |
| March 2023 | $1.25B | 409 | 13 | 2 |
| March 2022 | $1.21B | 970 | 16 | 2 |
| March 2021 | $959M | 362 | 10 | 1 |
Besides its headquarters, Woodmont Investment Counsel has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Tennessee.
Tennessee · 2 listed addresses
- 3825 Bedford Ave, Suite 202, NashvilleHQ
- 111 5th Ave West, Springfield
Contact and registration details
- Legal name
- Woodmont Investment Counsel, LLC
- Headquarters
- 3825 Bedford Ave, Suite 202, Nashville, TN 37215
- Website
- woodmontcounsel.com
- Phone
- 615-297-6144
- @woodmont-investment-counsel-llc
- SEC file
- 801-57961
- Founded
- 2000
- Structure
- Tennessee LLC
- Fiscal year end
- December
Woodmont Investment Counsel uses Charles Schwab ($1.81B) as custodian for its separately managed accounts. Woodmont Investment Counsel has custody of $272M in client assets for 39 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $1.81B100%
At year end, Woodmont Investment Counsel’s separately managed accounts were largely in funds (48%) and stocks (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.83B across 287 positions; the largest are Vanguard Index Fds (11.9%), Vanguard Index Fds (9.0%) and Vanguard Tax-managed Fds (6.1%).
What the accounts hold
- Stocks36%
- Funds48%
- Bonds9%
- U.S. government and agency bonds6%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash6%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $1.83B
- Reported 13F value
- 287
- Positions
- 41.9%
- In the 10 largest
- +12.9%
- Value vs. prior quarter
- Vanguard Index Fds · Growth ETF11.9%
- Vanguard Index Fds · Value ETF9.0%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt6.1%
- Apple Inc.2.7%
- iShares TR · Ibonds Dec 292.2%
- Broadcom Inc.2.2%
- Stonex Group Inc.2.1%
- iShares TR · Ibds Dec28 ETF2.0%
- Vanguard Index Fds · Total Stk Mkt1.9%
- SPDR Series Trust · ST Sho Treas ETF1.9%
Together, the ten largest are 41.9% of reported value.
How many clients does Woodmont Investment Counsel have?
Woodmont Investment Counsel has 468 clients and manages $2.01 billion for them, as of March 2026. They include 335 high-net-worth individuals, 102 individual clients and 27 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Woodmont Investment Counsel offer?
Woodmont Investment Counsel provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Woodmont Investment Counsel use?
Woodmont Investment Counsel’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $1.81B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Woodmont Investment Counsel have?
Woodmont Investment Counsel has 11 investment adviser representatives registered with state securities authorities, out of 15 employees, and 11 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 Woodmont Investment Counsel invest in?
At the end of its last fiscal year, Woodmont Investment Counsel’s separately managed accounts held 48% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 6% U.S. government and agency bonds, 6% cash and equivalents, 2% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Woodmont Investment Counsel?
Woodmont Investment Counsel is owned through a holding company by Joseph Benedict. Its direct owners are Stephen Frohsin, Will Settle and SSC Wic Holdings, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Woodmont Investment Counsel get paid?
Woodmont Investment Counsel 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
Is Woodmont Investment Counsel registered with the SEC?
Yes, Woodmont Investment Counsel has been registered with the SEC as an investment adviser since 11 September 2000. Its CRD number is 109779 and its SEC file number is 801-57961.
Source: Form ADV Part 1A, Item 1, filed 20 March 2026; IAPD firm record
How do I contact Woodmont Investment Counsel?
Woodmont Investment Counsel’s main office is at 3825 Bedford Ave, Suite 202, Nashville, TN 37215. Its phone number is 615-297-6144. Its website is woodmontcounsel.com.