Wealth manager, independent · Naples, FL
Private Capital Management
Private Capital Management, LLC · SEC-registered investment adviser · CRD 169172 · SEC 801-78615
At a glance
Private Capital Management is an SEC-registered investment adviser based in Naples, Florida, with $1.4B in regulatory assets under management as of its Form ADV filed March 26, 2026. It reports 432 individual clients, 302 of them high-net-worth, holding an average of about $2.2 million each, and 21 employees. That ranks it 763rd among the nation’s 5,657 independent wealth management RIAs and 43rd of 343 in Florida. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 239-254-2500pcmvaluefund.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #763 of 5,657
- Rank among all SEC RIAs
- #4,361 of 17,210
- Rank in Florida
- #43 of 343
- Individual clients
- 432
- High-net-worth clients
- 302
- Accounts
- 466
- Discretionary
- 85% of AUM
- Employees
- 21
- Advisory staff
- 7
- Offices
- 2
Owners and executives on its Form ADV
- Gregg J. PowersChief Executive Officer
- Charles (chad) D. AtkinsPresident, CCO and General Counsel
Custody and brokerage
Broker-dealer
Hybrid RIA
Private Capital Management is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Carnes Capital Corporation.
- Carnes Capital Corporation ↗CRD 16187
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, June 2026
Its Form ADV brochure (filed March 2026) names Carnes Capital as the broker-dealer its advisers are registered with.
Most of PCM’s client-facing, trading, and operations staff are also registered representatives of Carnes.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 302 | $923M | 64% |
| Pooled investment vehicles | 7 | $295M | 20% |
| Investment companies | 1 | $71M | 5% |
| Charitable organizations | 9 | $65M | 5% |
| Corporations or other businesses | 5 | $38M | 3% |
| Other investment advisers | 7 | $24M | 2% |
| Individuals | 130 | $22M | 2% |
| Pension and profit sharing plans | – | $6M | <1% |
| Other | – | $1M | <1% |
Private funds
Private Capital Management reports 7 private funds with $295M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Private Capital Management 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 investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗pcmvaluefund.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 2 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 Florida
All of Florida →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Evertern Wealth, LLCNaples | $1.6B | 233 |
| Royal Fund Management, LLCLady Lake | $1.6B | 4,940 |
| Activest Wealth Management, LLCAventura | $1.5B | 530 |
| J. L. Bainbridge & Co., Inc.Sarasota | $1.4B | 828 |
| Fifth Avenue Family OfficeNaples | $1.4B | 9 |
| Moisand Fitzgerald Tamayo, LLCOrlando | $1.4B | 906 |
Background
Questions
How much does Private Capital Management manage?
Private Capital Management reports $1.4B in regulatory assets under management across 466 accounts, 85% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
How many clients does Private Capital Management have?
It reports 432 individual clients: 302 high-net-worth individuals and 130 other individuals. Individuals account for about 65% of its regulatory assets.
Where is Private Capital Management headquartered?
Its main office is in Naples, Florida. It reports 2 offices in total and 21 employees, 7 of whom perform investment advisory functions.
How does Private Capital Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Private Capital Management use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed March 26, 2026, it reports these amounts held: Fidelity ($699M); Charles Schwab ($121M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Private Capital Management a hybrid RIA with a broker-dealer?
Private Capital Management is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Carnes Capital Corporation. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Private Capital Management a fiduciary?
As an SEC-registered investment adviser, Private Capital Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 12 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Private Capital 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 (2026-03-26), 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 →