Wealth manager, independent · Concord, NC
Mill Capital Management, LLC
SEC-registered investment adviser · CRD 312798 · SEC 801-120478
At a glance
Mill Capital Management, LLC is an SEC-registered investment adviser based in Concord, North Carolina, with $1.5B in regulatory assets under management as of its Form ADV filed February 25, 2026. It reports 97 individual clients, 78 of them high-net-worth, holding an average of about $8.0 million each, and 5 employees. That ranks it 735th among the nation’s 5,657 independent wealth management RIAs and 14th of 160 in North Carolina. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 980-494-6455millcapitalmgmt.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #735 of 5,657
- Rank among all SEC RIAs
- #4,270 of 17,210
- Rank in North Carolina
- #14 of 160
- Individual clients
- 97
- High-net-worth clients
- 78
- Accounts
- 306
- Discretionary
- 97% of AUM
- Employees
- 5
- Advisory staff
- 3
- Offices
- 1
Owners and executives on its Form ADV
- Brian J. SeayPrincipal
- Paul N. ClarkChief Compliance Officer
- Jonathan W. RhoneyPrincipal
Custody and brokerage
Broker-dealer
No broker-dealer ties
Mill 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 | 78 | $770M | 52% |
| Charitable organizations | 8 | $713M | 48% |
| Individuals | 19 | $9M | <1% |
| Corporations or other businesses | 1 | $1M | <1% |
Disciplinary disclosures
Mill 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
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗millcapitalmgmt.com ↗
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The full record on Mill 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, 4 years of filings
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- Growth over one, three and five years
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- Rank against 2,535 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- 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.
Similar-size RIAs in North Carolina
All of North Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Ally Invest AdvisorsCharlotte | $1.7B | 83,199 |
| Delegate Advisors, LLCChapel Hill | $1.7B | 42 |
| Financial Symmetry Inc.Raleigh | $1.5B | 872 |
| Ironsides Asset Advisors, LLCRocky Mount | $1.4B | 34 |
| MBL AdvisorsCharlotte | $1.4B | 270 |
| Blueprint Financial AdvisorsCharlotte | $1.4B | 2,290 |
Background
Questions
How much does Mill Capital Management, LLC manage?
Mill Capital Management, LLC reports $1.5B in regulatory assets under management across 306 accounts, 97% of it on a discretionary basis, on its Form ADV filed February 25, 2026.
How many clients does Mill Capital Management, LLC have?
It reports 97 individual clients: 78 high-net-worth individuals and 19 other individuals. Individuals account for about 52% of its regulatory assets.
Where is Mill Capital Management, LLC headquartered?
Its main office is in Concord, North Carolina. It reports 1 office in total and 5 employees, 3 of whom perform investment advisory functions.
How does Mill Capital Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Mill 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 February 25, 2026, it reports these amounts held: Charles Schwab ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Mill Capital Management, LLC a hybrid RIA with a broker-dealer?
Mill Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Mill Capital Management, LLC a fiduciary?
As an SEC-registered investment adviser, Mill 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 Mill 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 (2026-02-25), 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 →