# Capital Investment Counsel, LLC

> Capital Investment Counsel, LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 328472
- Filed as: CAPITAL INVESTMENT COUNSEL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/328472
- AdvisorCensus page: https://advisorcensus.com/firm/capital-investment-counsel-llc-denver-co-328472

## Quick answers

**How is Capital Investment Counsel, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Capital Investment Counsel, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Capital Investment Counsel, LLC located?**
Capital Investment Counsel, LLC's principal office is in Denver, CO, according to its Form ADV.

**Is Capital Investment Counsel, LLC registered with the SEC or a state?**
Capital Investment Counsel, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 328472.

**How much does Capital Investment Counsel, LLC manage?**
Capital Investment Counsel, LLC reports $1,351,761,173 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Capital Investment Counsel, LLC's assets and staff changed since 2024?**
In the Form ADV data for Capital Investment Counsel, LLC: Regulatory assets under management: $548,347,659 in the October 2024 data and $1,351,761,173 in the October 2026 data, up 147%. Total employees: 7 in October 2024 and 8 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, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (317); individuals (other than high net worth individuals) (146); state or municipal government entities (including government pension plans) (5).

**Which custodians does Capital Investment Counsel, LLC use?**
Capital Investment Counsel, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Capital Investment Counsel, LLC 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/328472

**What changed in Capital Investment Counsel, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,178,877,453 to $1,351,761,173 (+15%). Employees performing advisory functions went from 4 to 5.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $1,351,761,173
- Discretionary: $1,345,910,523
- Non-discretionary: $5,850,650

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 146 | $63,346,732 |
| High net worth individuals | 317 | $1,189,499,267 |
| State or municipal government entities (including government pension plans) | 5 | $93,930,453 |
| Corporations or other businesses not listed above | Fewer than 5 | $4,984,721 |

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

### Firm details
- Registered since: 2023 (2 years)
- Employees: 8 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, MI, NC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [cicwealthadvisors.com](https://cicwealthadvisors.com)
- LinkedIn @capital-investment-counsel-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $548,347,659 | 7 | September 27, 2024 |
| October 2025 | $1,178,877,453 | 8 | March 14, 2025 |
| October 2026 | $1,351,761,173 | 8 | March 30, 2026 |

Regulatory assets under management: $548,347,659 in the October 2024 data and $1,351,761,173 in the October 2026 data, up 147%.
Total employees: 7 in October 2024 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,178,877,453 to $1,351,761,173 (+15%).
- Employees performing advisory functions went from 4 to 5.

### December 2025
- Registered or notice-filed in FL, MI, NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Investment Counsel, LLC (CRD 328472): Form ADV filing data as of October 2026.