Wealth manager, independent · Richmond, VA
Canal Capital Management, LLC
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
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #858 of 5,657
- Rank among all SEC RIAs
- #4,670 of 17,210
- Rank in Virginia
- #26 of 151
- Individual clients
- 390
- High-net-worth clients
- 288
- Accounts
- 1,988
- Discretionary
- 89% of AUM
- Employees
- 6
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Everett N. GillissManaging Member & Chief Compliance Officer
- Noah C. GreenbaumMember
- Margaret J SmithMember
Custody and brokerage
Broker-dealer
No broker-dealer ties
Canal Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| 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% |
Private funds
Canal Capital Management, LLC reports 7 private funds with $163M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Canal Capital Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗canalcapitalmanagement.com ↗
AtlasMembers
The full record on Canal Capital Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,865 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Virginia
All of Virginia →| 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 |
Background
Questions
How much does Canal Capital Management, LLC manage?
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.
How many clients does Canal Capital Management, LLC have?
It reports 390 individual clients: 288 high-net-worth individuals and 102 other individuals. Individuals account for about 82% of its regulatory assets.
Where is Canal Capital Management, LLC headquartered?
Its main office is in Richmond, Virginia. It reports 1 office in total and 6 employees, 6 of whom perform investment advisory functions.
How does Canal Capital Management, LLC charge clients?
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.
What custodian does Canal Capital Management, LLC use?
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.
Is Canal Capital Management, LLC a hybrid RIA with a broker-dealer?
Canal Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Canal Capital Management, LLC a fiduciary?
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.
Where these numbers come from
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 →