# Capital Investment Counsel Inc

> 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.

- CRD: 104591
- Filed as: CAPITAL INVESTMENT COUNSEL INC
- Also doing business as: CAPITAL INVESTMENT COMPANIES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Raleigh, NC
- Filing period: October 2026
- Form ADV filing dated: April 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104591
- AdvisorCensus page: https://advisorcensus.com/firm/capital-investment-counsel-inc-raleigh-nc-104591

## Quick answers

**How is Capital Investment Counsel Inc compensated?**
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.

**How much does Capital Investment Counsel Inc charge?**
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.

**Where is Capital Investment Counsel Inc located?**
Capital Investment Counsel Inc's principal office is in Raleigh, NC, according to its Form ADV.

**Is Capital Investment Counsel Inc registered with the SEC or a state?**
Capital Investment Counsel Inc is an SEC-registered investment advisory firm, registered since 1984. Status as filed: Approved. CRD 104591.

**How much does Capital Investment Counsel Inc manage?**
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).

**How have Capital Investment Counsel Inc's assets and staff changed since 2021?**
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.

**What types of clients does Capital Investment Counsel Inc serve?**
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).

**Which custodians does Capital Investment Counsel Inc use?**
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.

**Does Capital Investment Counsel Inc report any disciplinary disclosures?**
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

**Does Capital Investment Counsel Inc state an account minimum?**
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."

**What changed in Capital Investment Counsel Inc's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $889,391,757 to $1,023,436,471 (+15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Commissions

### Fees and minimums (Form ADV Part 2A brochure dated April 29, 2026)

- 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

> 1.75% - On first $500,000 1.50% - From $500,001 to $1,500,000 1.25% - From $1,500,001 to $3,000,000

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> Counsel’s minimum account value is $100,000. We reserve the right to waive the requirement.

- Minimum annual fee: $500

> Accounts are subject to a minimum annual fee of $500, which may be waived at the discretion of management.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,023,436,471
- Discretionary: $1,023,436,471
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 764 | $122,356,463 |
| High net worth individuals | 457 | $791,006,803 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 16 | $58,129,422 |
| Charitable organizations | 1 | $413,796 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 33 | $51,529,987 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1984 (42 years)
- Employees: 11 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, IL, MA, NC, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [capital-invest.com](https://capital-invest.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $509,854,280 | 10 | April 28, 2021 |
| October 2022 | $588,793,340 | 10 | April 28, 2022 |
| October 2023 | $537,930,333 | 9 | April 28, 2023 |
| October 2024 | $691,452,923 | 9 | April 29, 2024 |
| October 2025 | $889,391,757 | 10 | April 30, 2025 |
| October 2026 | $1,023,436,471 | 11 | April 29, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $889,391,757 to $1,023,436,471 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Investment Counsel Inc (CRD 104591): Form ADV filing data as of October 2026.