{
  "crd_number": 104591,
  "slug": "capital-investment-counsel-inc-raleigh-nc-104591",
  "primary_business_name": "CAPITAL INVESTMENT COUNSEL INC",
  "legal_name": "CAPITAL INVESTMENT COUNSEL INC",
  "dbas": [
    "CAPITAL INVESTMENT COMPANIES"
  ],
  "city": "Raleigh",
  "state": "NC",
  "country": "United States",
  "cbsa_code": "39580",
  "metro": {
    "cbsa_code": "39580",
    "common_name": "Raleigh",
    "msa_name": "Raleigh-Cary, NC",
    "path": "/advisors/nc/raleigh"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1984-03-20",
  "years_registered": 42,
  "period": "2026-10-01",
  "filing_date": "2026-04-29",
  "carried_forward": false,
  "raum_total": 1023436471.0,
  "raum_discretionary": 1023436471.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 11,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 413796.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 122356463.0,
      "count": 764
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 58129422.0,
      "count": 16
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 791006803.0,
      "count": 457
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 51529987.0,
      "count": 33
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "IL",
    "MA",
    "NC",
    "SC",
    "TN",
    "TX",
    "VA"
  ],
  "websites": [
    "https://capital-invest.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104591",
  "city_as_filed": "RALEIGH",
  "url": "https://advisorcensus.com/firm/capital-investment-counsel-inc-raleigh-nc-104591",
  "display_name": "Capital Investment Counsel Inc",
  "summary": "Capital Investment Counsel Inc is an SEC-registered investment advisory firm in Raleigh, NC, registered since 1984, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.",
  "citation": "AdvisorCensus. Capital Investment Counsel Inc (CRD 104591): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Capital Investment Counsel Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capital Investment Counsel Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "How much does Capital Investment Counsel Inc charge?",
      "a": "Its Form ADV Part 2A brochure dated April 29, 2026 states: Up to $500,000: 1.75% a year; $500,001 to $1,500,000: 1.5% a year; $1,500,001 to $3,000,000: 1.25% a year; Above $3,000,000: see the brochure. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Capital Investment Counsel Inc located?",
      "a": "Capital Investment Counsel Inc's principal office is in Raleigh, NC, according to its Form ADV."
    },
    {
      "q": "Is Capital Investment Counsel Inc registered with the SEC or a state?",
      "a": "Capital Investment Counsel Inc is an SEC-registered investment advisory firm, registered since 1984. Status as filed: Approved. CRD 104591."
    },
    {
      "q": "How much does Capital Investment Counsel Inc manage?",
      "a": "Capital Investment Counsel Inc reports $1,023,436,471 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary)."
    },
    {
      "q": "How have Capital Investment Counsel Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Capital Investment Counsel Inc: Regulatory assets under management: $509,854,280 in the October 2021 data and $1,023,436,471 in the October 2026 data, up 101%. Total employees: 10 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capital Investment Counsel Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (764); high net worth individuals (457); corporations or other businesses not listed above (33)."
    },
    {
      "q": "Which custodians does Capital Investment Counsel Inc use?",
      "a": "Capital Investment Counsel Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Capital Investment Counsel Inc report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104591"
    },
    {
      "q": "Does Capital Investment Counsel Inc state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 29, 2026 says: \"Counsel’s minimum account value is $100,000. We reserve the right to waive the requirement.\""
    },
    {
      "q": "What changed in Capital Investment Counsel Inc's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Regulatory assets under management went from $889,391,757 to $1,023,436,471 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 509854280.0,
      "total_employees": 10,
      "filing_date": "2021-04-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 588793340.0,
      "total_employees": 10,
      "filing_date": "2022-04-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 537930333.0,
      "total_employees": 9,
      "filing_date": "2023-04-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 691452923.0,
      "total_employees": 9,
      "filing_date": "2024-04-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 889391757.0,
      "total_employees": 10,
      "filing_date": "2025-04-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1023436471.0,
      "total_employees": 11,
      "filing_date": "2026-04-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Regulatory assets under management went from $889,391,757 to $1,023,436,471 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 29, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1.75%"
      },
      {
        "band": "$500,001 to $1,500,000",
        "rate": "1.5%"
      },
      {
        "band": "$1,500,001 to $3,000,000",
        "rate": "1.25%"
      },
      {
        "band": "Above $3,000,000",
        "rate": null,
        "note": "Not stated in this schedule; see the brochure."
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$500",
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 1.75% a year",
          "$500,001 to $1,500,000: 1.5% a year",
          "$1,500,001 to $3,000,000: 1.25% a year",
          "Above $3,000,000: see the brochure"
        ],
        "quotes": [
          "1.75% - On first $500,000\n1.50% - From $500,001 to $1,500,000\n1.25% - From $1,500,001 to $3,000,000"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Counsel’s minimum account value is $100,000. We reserve the right to waive the requirement."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $500"
        ],
        "quotes": [
          "Accounts are subject to a minimum annual fee of $500, which may be waived at the discretion of management."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 500000.0,
          "rate_pct": 1.75
        },
        {
          "min": 500001.0,
          "max": 1500000.0,
          "rate_pct": 1.5
        },
        {
          "min": 1500001.0,
          "max": 3000000.0,
          "rate_pct": 1.25
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 100000.0,
      "minimum_annual_fee": 500.0,
      "planning": []
    },
    "quotes": [
      "1.75% - On first $500,000\n1.50% - From $500,001 to $1,500,000\n1.25% - From $1,500,001 to $3,000,000",
      "Counsel’s minimum account value is $100,000. We reserve the right to waive the requirement.",
      "Accounts are subject to a minimum annual fee of $500, which may be waived at the discretion of management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/capital-investment-counsel-inc-raleigh-nc-104591.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 764,
      "fewer_than_5": false,
      "raum": 122356463.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 457,
      "fewer_than_5": false,
      "raum": 791006803.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 16,
      "fewer_than_5": false,
      "raum": 58129422.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 413796.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 33,
      "fewer_than_5": false,
      "raum": 51529987.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104591",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}