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SEC data October 1, 2026
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SEC data October 1, 2026
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Sign in or start freeWealth manager, independent · Richmond, VA
SEC-registered investment adviser · CRD 164971 · SEC 801-77036
At a glance
Canal Capital Management, LLC is an SEC-registered investment adviser based in Richmond, Virginia, with $1.3B in regulatory assets under management as of its Form ADV filed August 4, 2026. It reports 390 individual clients, 288 of them high-net-worth, holding an average of about $2.7 million each, and 6 employees. That ranks it 858th among the nation’s 5,657 independent wealth management RIAs and 26th of 151 in Virginia. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 804-325-1450canalcapitalmanagement.comAs filed on Form ADV
No broker-dealer ties
Canal Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
| Client type | Clients | Regulatory AUM | Share |
|---|
| High-net-worth individuals | 288 | $1.0B | 79% |
|---|---|---|---|
| Pooled investment vehicles | 8 | $183M | 14% |
| Charitable organizations | 11 | $37M | 3% |
| Individuals | 102 | $32M | 3% |
| Pension and profit sharing plans | 8 | $16M | 1% |
Canal Capital Management, LLC reports 7 private funds with $163M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Canal Capital Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
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| Firm | Regulatory AUM | Clients |
|---|---|---|
| Range Advisory, LLCMcLean | $1.4B | 1,773 |
| Evermay Wealth Management, LLCArlington | $1.3B | 558 |
| Steigerwald, Gordon & Koch - Wealth AdvisorsLeesburg | $1.3B | 693 |
| Northwest Financial Advisors LLCHerndon | $1.2B | 1,908 |
| Graves Light LenhartHarrisonburg | $1.2B | 403 |
| Verus Financial PartnersRichmond | $1.2B | 636 |
Canal Capital Management, LLC reports $1.3B in regulatory assets under management across 1,988 accounts, 89% of it on a discretionary basis, on its Form ADV filed August 4, 2026.
It reports 390 individual clients: 288 high-net-worth individuals and 102 other individuals. Individuals account for about 82% of its regulatory assets.
Its main office is in Richmond, Virginia. It reports 1 office in total and 6 employees, 6 of whom perform investment advisory functions.
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed August 4, 2026, it reports these amounts held: Charles Schwab ($946M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Canal Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
As an SEC-registered investment adviser, Canal Capital Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Every figure is Canal Capital Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-04), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →