# Kanawha Capital Management, LLC

> Kanawha Capital Management, LLC is an SEC-registered investment advisory firm in Richmond, VA, registered since 2001, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 4, 2026.

- CRD: 118458
- Filed as: KANAWHA CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Richmond, VA
- Filing period: October 2026
- Form ADV filing dated: September 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/118458
- AdvisorCensus page: https://advisorcensus.com/firm/kanawha-capital-management-llc-richmond-va-118458

## Quick answers

**How is Kanawha Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kanawha Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Kanawha Capital Management, LLC charge?**
Its Form ADV Part 2A brochure dated April 13, 2026 states: Up to $1,000,000: 1% a year; $1,000,000 to $5,000,000: 0.75% a year; Above $5,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Kanawha Capital Management, LLC located?**
Kanawha Capital Management, LLC's principal office is in Richmond, VA, according to its Form ADV.

**Is Kanawha Capital Management, LLC registered with the SEC or a state?**
Kanawha Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 118458.

**How much does Kanawha Capital Management, LLC manage?**
Kanawha Capital Management, LLC reports $1,839,620,293 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (98% discretionary).

**How have Kanawha Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Kanawha Capital Management, LLC: Regulatory assets under management: $1,225,096,466 in the October 2021 data and $1,839,620,293 in the October 2026 data, up 50%. 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 Kanawha Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (407); individuals (other than high net worth individuals) (153); charitable organizations (10).

**Which custodians does Kanawha Capital Management, LLC use?**
Kanawha Capital Management, 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 Kanawha Capital Management, 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/118458

**Does Kanawha Capital Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 13, 2026 says: "Generally, our minimum account size is $1,000,000; although, this may be waived based on considerations such as the account’s relationship to established clients or other factors."

**What changed in Kanawha Capital Management, LLC's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in CO.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 13, 2026)

- Up to $1,000,000: 1% a year
- $1,000,000 to $5,000,000: 0.75% a year
- Above $5,000,000: 0.5% a year

> Our standard fee schedule is outlined below: First $1,000,000 of assets 1% per annum Next $4,000,000 of assets .75% per annum Assets above $5,000,000 .50% per annum

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Generally, our minimum account size is $1,000,000; although, this may be waived based on considerations such as the account’s relationship to established clients or other factors.

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 & 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: $1,839,620,293
- Discretionary: $1,808,764,876
- Non-discretionary: $30,855,417

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 153 | $83,124,040 |
| High net worth individuals | 407 | $1,684,547,381 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $11,857,615 |
| Charitable organizations | 10 | $36,663,773 |
| Corporations or other businesses not listed above | 1 | $23,427,484 |

### 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: 2001 (24 years)
- Employees: 11 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, DC, FL, GA, LA, MA, MD, ME, NC, NH, NJ, NY, PA, SC, TN, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [kancap.com](https://kancap.com)
- LinkedIn @KANAWHA-CAPITAL-MANAGEMENT-INC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,225,096,466 | 10 | April 26, 2021 |
| October 2022 | $1,418,887,949 | 10 | March 23, 2022 |
| October 2023 | $1,284,232,846 | 11 | May 15, 2023 |
| October 2024 | $1,555,472,350 | 10 | April 26, 2024 |
| October 2025 | $1,641,779,758 | 10 | July 16, 2025 |
| October 2026 | $1,839,620,293 | 11 | September 4, 2026 |

Regulatory assets under management: $1,225,096,466 in the October 2021 data and $1,839,620,293 in the October 2026 data, up 50%.
Total employees: 10 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in CO.

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $1,641,779,758 to $1,839,620,293 (+12%).

### December 2025
- Registered or notice-filed in MA, TN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kanawha Capital Management, LLC (CRD 118458): Form ADV filing data as of October 2026.