Wealth manager, wrap-program sponsor · Richmond, VA
Cary Street Partners Asset Management
Cary Street Partners Asset Management LLC · SEC-registered investment adviser · CRD 289178 · SEC 801-110994
At a glance
Cary Street Partners Asset Management is an SEC-registered investment adviser based in Richmond, Virginia, with $1.4 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 1,804 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 1,068th of 8,915 wealth managers and 4,351st of 17,210 SEC-registered advisers by assets.
Main office 804-340-8100carystreetpartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among wealth managers
- #1,068 of 8,915
- Rank among all SEC RIAs
- #4,351 of 17,210
- Rank in Virginia
- #57 of 300
- Individual clients
- 1,804
- High-net-worth clients
- 608
- Accounts
- 3,451
- Discretionary
- 98% of AUM
- Employees
- 49
- Advisory staff
- 8
- Offices
- 3
Owners and executives on its Form ADV
- Kevin L. MitchellChief Financial Officer, Director
- Wesley H. GallupChief Operating Officer, Managing Director
- Joseph R. SchmucklerChief Executive Officer (cspf)
- Walter D. BaynePresident, Managing Director
- Thomas H. TullidgeSecretary/treasurer, Managing Director; Chief Strategy Officer, Legal and Finance (cspf)
- Matthew L. RubinChief Investment Officer, Managing Director
- Nancy R. OliverChief Compliance Officer, Director
Custody and brokerage
Broker-dealer
Hybrid RIA
Cary Street Partners Asset Management is a hybrid RIA: 11 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Cary Street Partners LLC.
- Cary Street Partners LLC ↗CRD 128089
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 608 | $997M | 69% |
| Individuals | 1,196 | $282M | 19% |
| Investment companies | 1 | $91M | 6% |
| Corporations or other businesses | 12 | $32M | 2% |
| Insurance companies | 1 | $26M | 2% |
| Pension and profit sharing plans | 8 | $12M | <1% |
| Charitable organizations | 10 | $7M | <1% |
Disciplinary disclosures
Cary Street Partners Asset Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗carystreetpartners.com ↗
AtlasMembers
The full record on Cary Street Partners Asset Management
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, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,596 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Cary Street Partners Asset Management manage?
Cary Street Partners Asset Management reports $1.4 billion in regulatory assets under management across 3,451 accounts, 98% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Cary Street Partners Asset Management?
Cary Street Partners Asset Management is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Cary Street Partners Asset Management’s clients?
By assets, its largest client types are high-net-worth individuals ($997 million, 608 clients); individuals ($282 million, 1,196 clients); investment companies ($91 million, 1 clients).
Does Cary Street Partners Asset Management have any disciplinary history?
Cary Street Partners Asset Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Cary Street Partners Asset Management’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 (2026-03-31), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →