{
  "crd_number": 104842,
  "slug": "highland-capital-management-llc-memphis-tn-104842",
  "primary_business_name": "HIGHLAND CAPITAL MANAGEMENT, LLC",
  "legal_name": "HIGHLAND CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Memphis",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "32820",
  "metro": {
    "cbsa_code": "32820",
    "common_name": "Memphis",
    "msa_name": "Memphis, TN-MS-AR",
    "path": "/advisors/tn/memphis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1972-07-21",
  "years_registered": 54,
  "period": "2026-10-01",
  "filing_date": "2026-07-08",
  "carried_forward": false,
  "raum_total": 3880641890.0,
  "raum_discretionary": 3880641890.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 112998708.0,
      "count": 14,
      "description": "HEALTH & WELFARE PLANS"
    },
    "charitable": {
      "raum": 499479171.0,
      "count": 77
    },
    "individuals": {
      "raum": 82689504.0,
      "count": 206
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 903038100.0,
      "count": 107
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 74890974.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 891430267.0,
      "count": 85
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 1201839401.0,
      "count": 450
    },
    "pooled_investment_vehicles": {
      "raum": 1776164.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 112499601.0,
      "count": 15
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "CA",
    "CO",
    "FL",
    "GA",
    "LA",
    "MS",
    "NY",
    "PA",
    "TN",
    "TX"
  ],
  "websites": [
    "https://highlandcap.com",
    "https://linkedin.com/company/highland-capital-management-llc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104842",
  "city_as_filed": "MEMPHIS",
  "url": "https://advisorcensus.com/firm/highland-capital-management-llc-memphis-tn-104842",
  "display_name": "Highland Capital Management, LLC",
  "summary": "Highland Capital Management, LLC is an SEC-registered investment advisory firm in Memphis, TN, registered since 1972, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 8, 2026.",
  "citation": "AdvisorCensus. Highland Capital Management, LLC (CRD 104842): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Highland Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Highland Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Highland Capital Management, LLC located?",
      "a": "Highland Capital Management, LLC's principal office is in Memphis, TN, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Highland Capital Management, LLC registered with the SEC or a state?",
      "a": "Highland Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1972. Status as filed: Approved. CRD 104842."
    },
    {
      "q": "How much does Highland Capital Management, LLC manage?",
      "a": "Highland Capital Management, LLC reports $3,880,641,890 in regulatory assets under management in its Form ADV filing dated July 8, 2026 (100% discretionary)."
    },
    {
      "q": "How have Highland Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Highland Capital Management, LLC: Regulatory assets under management: $3,062,700,358 in the October 2021 data and $3,880,641,890 in the October 2026 data, up 27%. Total employees: 23 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Highland Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (450); individuals (other than high net worth individuals) (206); state or municipal government entities (including government pension plans) (107)."
    },
    {
      "q": "Which custodians does Highland Capital Management, LLC use?",
      "a": "Highland Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Argent Trust Company (affiliated with the firm), Charles Schwab & Co., Inc., Salem Trust and Truist Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Highland Capital Management, LLC 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/104842"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3062700358.0,
      "total_employees": 23,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3445259161.0,
      "total_employees": 22,
      "filing_date": "2022-04-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3100659199.0,
      "total_employees": 20,
      "filing_date": "2023-08-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3409849227.0,
      "total_employees": 19,
      "filing_date": "2024-05-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3539134473.0,
      "total_employees": 21,
      "filing_date": "2025-03-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3880641890.0,
      "total_employees": 21,
      "filing_date": "2026-07-08"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Argent Trust Company",
      "name_as_filed": "ARGENT TRUST COMPANY",
      "affiliated": true
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Salem Trust",
      "name_as_filed": "SALEM TRUST",
      "affiliated": false
    },
    {
      "name": "Truist Bank",
      "name_as_filed": "TRUIST BANK",
      "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/highland-capital-management-llc-memphis-tn-104842.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 206,
      "fewer_than_5": false,
      "raum": 82689504.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 450,
      "fewer_than_5": false,
      "raum": 1201839401.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 74890974.0
    },
    {
      "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": 2,
      "fewer_than_5": false,
      "raum": 1776164.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 85,
      "fewer_than_5": false,
      "raum": 891430267.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 77,
      "fewer_than_5": false,
      "raum": 499479171.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 107,
      "fewer_than_5": false,
      "raum": 903038100.0
    },
    {
      "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": 15,
      "fewer_than_5": false,
      "raum": 112499601.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 14,
      "fewer_than_5": false,
      "raum": 112998708.0
    }
  ],
  "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/104842",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}