{
  "crd_number": 135958,
  "slug": "narwhal-capital-management-marietta-ga-135958",
  "primary_business_name": "NARWHAL CAPITAL MANAGEMENT",
  "legal_name": "NARWHAL CAPITAL MANAGMENT, LLC",
  "dbas": [],
  "city": "Marietta",
  "state": "GA",
  "country": "United States",
  "cbsa_code": "12060",
  "metro": {
    "cbsa_code": "12060",
    "common_name": "Atlanta",
    "msa_name": "Atlanta-Sandy Springs-Roswell, GA",
    "path": "/advisors/ga/atlanta"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-05-02",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-08-31",
  "carried_forward": false,
  "raum_total": 2084372356.0,
  "raum_discretionary": 1958425864.0,
  "raum_non_discretionary": 125946492.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 18,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 79882729.0,
      "count": 12
    },
    "individuals": {
      "raum": 59489209.0,
      "count": 223
    },
    "high_net_worth_individuals": {
      "raum": 901079075.0,
      "count": 111
    },
    "corporations_other_businesses": {
      "raum": 1043921343.0,
      "count": 19
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "FL",
    "GA",
    "NE",
    "TN",
    "TX"
  ],
  "websites": [
    "https://facebook.com/Narwhal-Capital-Management-162644181050704",
    "https://instagram.com/narwhalcapital",
    "https://linkedin.com/company/narwhal-capital-management",
    "https://linkedin.com/showcase/the-morning-market-briefing",
    "https://narwhal.com",
    "https://open.spotify.com/show/1XPC5lQGwFZQRqpu32U4Qn",
    "https://open.spotify.com/show/5RYWFI9r4RHwIKRrOjEN8I",
    "https://podcasts.apple.com/us/podcast/narwhal-capital-after-the-bell/id1277170086",
    "https://podcasts.apple.com/us/podcast/the-morning-market-briefing/id1120260090",
    "https://spreaker.com/show/the-investing-podcast",
    "https://youtube.com/@NarwhalCapital",
    "https://youtube.com/@TheMorningMarketBriefing",
    "https://youtube.com/@TheMorningMarketBriefingClips"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/135958",
  "city_as_filed": "MARIETTA",
  "url": "https://advisorcensus.com/firm/narwhal-capital-management-marietta-ga-135958",
  "display_name": "Narwhal Capital Management",
  "summary": "Narwhal Capital Management is an SEC-registered investment advisory firm in Marietta, GA, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 31, 2026.",
  "citation": "AdvisorCensus. Narwhal Capital Management (CRD 135958): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Narwhal Capital Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Narwhal Capital Management reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "How much does Narwhal Capital Management charge?",
      "a": "Its Form ADV Part 2A brochure dated August 31, 2026 states: Hourly rate: $175 an hour (tax related services for individuals); Hourly rate: $225 an hour (tax related services for corporate clients). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Narwhal Capital Management located?",
      "a": "Narwhal Capital Management's principal office is in Marietta, GA, according to its Form ADV."
    },
    {
      "q": "Is Narwhal Capital Management registered with the SEC or a state?",
      "a": "Narwhal Capital Management is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 135958."
    },
    {
      "q": "How much does Narwhal Capital Management manage?",
      "a": "Narwhal Capital Management reports $2,084,372,356 in regulatory assets under management in its Form ADV filing dated August 31, 2026 (94% discretionary)."
    },
    {
      "q": "How have Narwhal Capital Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Narwhal Capital Management: Regulatory assets under management: $1,137,162,862 in the October 2021 data and $2,084,372,356 in the October 2026 data, up 83%. Total employees: 20 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Narwhal Capital Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (223); high net worth individuals (111); corporations or other businesses not listed above (19)."
    },
    {
      "q": "Which custodians does Narwhal Capital Management use?",
      "a": "Narwhal Capital Management'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."
    },
    {
      "q": "Does Narwhal Capital Management 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/135958"
    },
    {
      "q": "What changed in Narwhal Capital Management's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Employees performing advisory functions went from 11 to 12. Regulatory assets under management went from $1,764,568,823 to $2,084,372,356 (+18%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1137162862.0,
      "total_employees": 20,
      "filing_date": "2021-06-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1367983837.0,
      "total_employees": 18,
      "filing_date": "2022-08-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1296298600.0,
      "total_employees": 18,
      "filing_date": "2023-07-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1583450503.0,
      "total_employees": 20,
      "filing_date": "2024-09-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1764568823.0,
      "total_employees": 20,
      "filing_date": "2025-07-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2084372356.0,
      "total_employees": 18,
      "filing_date": "2026-08-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 12.",
        "Regulatory assets under management went from $1,764,568,823 to $2,084,372,356 (+18%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $175 an hour (tax related services for individuals)",
      "Hourly rate: $225 an hour (tax related services for corporate clients)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $175 an hour (tax related services for individuals)"
        ],
        "quotes": [
          "Individuals are typically charged $175 per hour for tax related services, while corporate clients are charged $225 per hour. All fees are charged in arrears."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $225 an hour (tax related services for corporate clients)"
        ],
        "quotes": [
          "Individuals are typically charged $175 per hour for tax related services, while corporate clients are charged $225 per hour. All fees are charged in arrears."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 175.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "tax related services for individuals"
        },
        {
          "kind": "hourly",
          "amount": 225.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "tax related services for corporate clients"
        }
      ]
    },
    "quotes": [
      "Individuals are typically charged $175 per hour for tax related services, while corporate clients are charged $225 per hour. All fees are charged in arrears.",
      "Individuals are typically charged $175 per hour for tax related services, while corporate clients are charged $225 per hour. All fees are charged in arrears."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/narwhal-capital-management-marietta-ga-135958.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 223,
      "fewer_than_5": false,
      "raum": 59489209.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 111,
      "fewer_than_5": false,
      "raum": 901079075.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 12,
      "fewer_than_5": false,
      "raum": 79882729.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 19,
      "fewer_than_5": false,
      "raum": 1043921343.0
    }
  ],
  "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/135958",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}