# Concord Investment Counsel

> Concord Investment Counsel is an SEC-registered investment advisory firm in Irvine, CA, registered since 1991, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 21, 2026.

- CRD: 107901
- Filed as: CONCORD INVESTMENT COUNSEL
- Also doing business as: MITCHELL ANTHONY CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Irvine, CA
- Filing period: October 2026
- Form ADV filing dated: July 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107901
- AdvisorCensus page: https://advisorcensus.com/firm/concord-investment-counsel-irvine-ca-107901

## Quick answers

**How is Concord Investment Counsel compensated?**
On its Form ADV (Item 5.E, October 2026), Concord Investment Counsel reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Concord Investment Counsel located?**
Concord Investment Counsel's principal office is in Irvine, CA, according to its Form ADV.

**Is Concord Investment Counsel registered with the SEC or a state?**
Concord Investment Counsel is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 107901.

**How much does Concord Investment Counsel manage?**
Concord Investment Counsel reports $397,890,400 in regulatory assets under management in its Form ADV filing dated July 21, 2026 (95% discretionary).

**How have Concord Investment Counsel's assets and staff changed since 2021?**
In the Form ADV data for Concord Investment Counsel: Regulatory assets under management: $302,486,145 in the October 2021 data and $397,890,400 in the October 2026 data, up 32%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Concord Investment Counsel serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (207).

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

**Does Concord Investment Counsel 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/107901

**Does Concord Investment Counsel state an account minimum?**
Its Form ADV Part 2A brochure dated July 21, 2026 says: "The Registrant generally requires a minimum asset base of $500,000.00 for investment advisory services."

**What changed in Concord Investment Counsel's recent Form ADV filings?**
In the August 2026 filing data: Regulatory assets under management went from $327,455,935 to $397,890,400 (+22%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated July 21, 2026)

- Account minimum: $500,000

> The Registrant generally requires a minimum asset base of $500,000.00 for investment advisory services.

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

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

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: $397,890,400
- Discretionary: $377,741,952
- Non-discretionary: $20,148,448

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 207 | $397,890,400 |

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

### Firm details
- Registered since: 1991 (35 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [macmblog.com](https://macmblog.com)
- [mitchellanthonycapital.com](https://mitchellanthonycapital.com)
- Facebook @MitchellAnthonyCapitalManagement
- Instagram @mitchellanthonycapital
- LinkedIn @mitchell-anthony-capital-management
- X @WeAreMACM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $302,486,145 | 4 | July 20, 2021 |
| October 2022 | $320,176,527 | 4 | June 24, 2022 |
| October 2023 | $269,595,695 | 4 | June 28, 2023 |
| October 2024 | $319,837,369 | 4 | July 1, 2024 |
| October 2025 | $327,455,935 | 4 | June 28, 2025 |
| October 2026 | $397,890,400 | 4 | July 21, 2026 |

Regulatory assets under management: $302,486,145 in the October 2021 data and $397,890,400 in the October 2026 data, up 32%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Regulatory assets under management went from $327,455,935 to $397,890,400 (+22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Concord Investment Counsel (CRD 107901): Form ADV filing data as of October 2026.