Wealth manager, independent · Charleston, SC
Permcap Investment Office
Permanens Capital L.P. · SEC-registered investment adviser · CRD 157476 · SEC 801-72416
At a glance
Permcap Investment Office is an SEC-registered investment adviser based in Charleston, South Carolina, with $4.0B in regulatory assets under management as of its Form ADV filed September 11, 2026. It reports 39 individual clients, 39 of them high-net-worth, holding an average of about $74 million each, and 17 employees. That ranks it 277th among the nation’s 5,657 independent wealth management RIAs and 2nd of 61 in South Carolina. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and BNY Pershing.
Main office 843-882-7950permcap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.0B
- Rank among independent wealth managers
- #277 of 5,657
- Rank among all SEC RIAs
- #2,407 of 17,210
- Rank in South Carolina
- #2 of 61
- Individual clients
- 39
- High-net-worth clients
- 39
- Accounts
- 65
- Discretionary
- 45% of AUM
- Employees
- 17
- Advisory staff
- 6
- Offices
- 3
Owners and executives on its Form ADV
- John J. ReganChief Investment Officer and General Partner
- Joseph S. SteinbergLimited Partner
- August S. PolitanoChief Financial Officer
- Casey A. EarnestChief Compliance Officer and Director of Operations
Custody and brokerage
Broker-dealer
No broker-dealer ties
Permcap Investment Office 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 | 39 | $2.9B | 72% |
| Charitable organizations | 9 | $633M | 16% |
| Other | 4 | $445M | 11% |
| Pooled investment vehicles | 11 | $28M | <1% |
| Pension and profit sharing plans | 2 | $22M | <1% |
Private funds
Permcap Investment Office reports 10 private funds with $708M in gross assets: hedge funds, private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Permcap Investment Office answers yes to 2 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). 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
- Portfolio management for businesses and institutions
- 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 ↗permcap.com ↗
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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 South Carolina
All of South Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Apollon Wealth Management, LLCMount Pleasant | $12B | 8,310 |
| Foster VictorGreenville | $2.6B | 1,638 |
| The Fiduciary AllianceGreenville | $2.5B | 8,744 |
| Abacus Planning Group, Inc.Columbia | $2.2B | 307 |
| Colonial Trust Advisors, Inc.Spartanburg | $1.9B | 895 |
| Greenwood Capital Associates, LLCGreenwood | $1.8B | 660 |
Compare Permcap Investment Office with
- Permcap Investment Office vs Apollon Wealth Management, LLC $12B · Mount Pleasant, SC
Background
Questions
How much does Permcap Investment Office manage?
Permcap Investment Office reports $4.0B in regulatory assets under management across 65 accounts, 45% of it on a discretionary basis, on its Form ADV filed September 11, 2026.
How many clients does Permcap Investment Office have?
It reports 39 individual clients: 39 high-net-worth individuals and 0 other individuals. Individuals account for about 72% of its regulatory assets.
Where is Permcap Investment Office headquartered?
Its main office is in Charleston, South Carolina. It reports 3 offices in total and 17 employees, 6 of whom perform investment advisory functions.
How does Permcap Investment Office 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 Permcap Investment Office use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and BNY Pershing. On Schedule D of its Form ADV filed September 11, 2026, it reports these amounts held: Charles Schwab ($918M); BNY Pershing ($538M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Permcap Investment Office a hybrid RIA with a broker-dealer?
Permcap Investment Office reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Permcap Investment Office a fiduciary?
As an SEC-registered investment adviser, Permcap Investment Office 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 Permcap Investment Office’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 (2026-09-11), 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 →