# Mill Capital Management, LLC

> Mill Capital Management, LLC is an SEC-registered investment advisory firm in Concord, NC, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 25, 2026.

- CRD: 312798
- Filed as: MILL CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Concord, NC
- Filing period: October 2026
- Form ADV filing dated: February 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/312798
- AdvisorCensus page: https://advisorcensus.com/firm/mill-capital-management-llc-concord-nc-312798

## Quick answers

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

**How much does Mill Capital Management, LLC charge?**
Its Form ADV Part 2A brochure dated February 25, 2026 states: Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Mill Capital Management, LLC located?**
Mill Capital Management, LLC's principal office is in Concord, NC, according to its Form ADV.

**Is Mill Capital Management, LLC registered with the SEC or a state?**
Mill Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 312798.

**How much does Mill Capital Management, LLC manage?**
Mill Capital Management, LLC reports $1,493,124,380 in regulatory assets under management in its Form ADV filing dated February 25, 2026 (97% discretionary).

**How have Mill Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Mill Capital Management, LLC: Regulatory assets under management: $813,194,308 in the October 2021 data and $1,493,124,380 in the October 2026 data, up 84%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mill Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (78); individuals (other than high net worth individuals) (19); charitable organizations (8).

**Which custodians does Mill Capital Management, LLC use?**
Mill 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 Mill 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/312798

**Does Mill Capital Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 25, 2026 says: "Adviser has a minimum investment amount of $2,000,000 for clients. Adviser may waive this minimum in certain circumstances."

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

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated February 25, 2026)

- Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it)

> The Adviser’s investment management fee schedule ranges from 0.35% to 1.00% of the market value of the account, depending upon the assets under management and investment mandate for that individual client.

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> Adviser has a minimum investment amount of $2,000,000 for clients. Adviser may waive this minimum in certain circumstances.

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: $1,493,124,380
- Discretionary: $1,455,112,629
- Non-discretionary: $38,011,751

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 19 | $9,311,184 |
| High net worth individuals | 78 | $769,698,674 |
| 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) | 0 | $0 |
| Charitable organizations | 8 | $713,053,654 |
| 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 | 1 | $1,060,868 |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, GA, NC, NY, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- millcapitalmgmt.com
- LinkedIn @mill-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $813,194,308 | 4 | July 8, 2021 |
| October 2022 | $1,098,423,405 | 6 | March 31, 2022 |
| October 2023 | $1,046,747,609 | 6 | March 6, 2023 |
| October 2024 | $1,230,191,047 | 5 | March 11, 2024 |
| October 2025 | $1,371,270,285 | 5 | March 21, 2025 |
| October 2026 | $1,493,124,380 | 5 | February 25, 2026 |

Regulatory assets under management: $813,194,308 in the October 2021 data and $1,493,124,380 in the October 2026 data, up 84%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Registered or notice-filed in GA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mill Capital Management, LLC (CRD 312798): Form ADV filing data as of October 2026.