# Piedmont Capital Management, LLC

> Piedmont Capital Management, LLC is an SEC-registered investment advisory firm in Greenboro, NC, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 155682
- Filed as: PIEDMONT CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenboro, NC
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155682
- AdvisorCensus page: https://advisorcensus.com/firm/piedmont-capital-management-llc-greenboro-nc-155682

## Quick answers

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

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

**Is Piedmont Capital Management, LLC registered with the SEC or a state?**
Piedmont Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 155682.

**How much does Piedmont Capital Management, LLC manage?**
Piedmont Capital Management, LLC reports $495,622,727 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary).

**How have Piedmont Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Piedmont Capital Management, LLC: Regulatory assets under management: $259,938,093 in the October 2021 data and $495,622,727 in the October 2026 data, up 91%. Total employees: 4 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Piedmont Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (57); individuals (other than high net worth individuals) (31); charitable organizations (4).

**Which custodians does Piedmont Capital Management, LLC use?**
Piedmont Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Piedmont 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/155682

**Does Piedmont Capital Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 18, 2026 says: "PCM’s target client will have a minimum of $10 million of investable assets."

**What changed in Piedmont Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $407,650,320 to $495,622,727 (+22%).

## 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 March 18, 2026)

- Account minimum: $10,000,000

> PCM’s target client will have a minimum of $10 million of investable assets.

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

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

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: $495,622,727
- Discretionary: $495,622,727
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 31 | $6,321,467 |
| High net worth individuals | 57 | $326,291,640 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $118,887,637 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 4 | $21,938,635 |
| 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 | 3 | $22,183,348 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (9 years)
- Employees: 24 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NC, NM, NY, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- piedmonttrust.com
- LinkedIn @PIEDMONT-TRUST-COMPANY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $259,938,093 | 4 | August 27, 2021 |
| October 2022 | $348,357,005 | 28 | July 5, 2022 |
| October 2023 | $350,128,086 | 25 | March 21, 2023 |
| October 2024 | $371,318,825 | 23 | July 1, 2024 |
| October 2025 | $407,650,320 | 26 | March 14, 2025 |
| October 2026 | $495,622,727 | 24 | March 19, 2026 |

Regulatory assets under management: $259,938,093 in the October 2021 data and $495,622,727 in the October 2026 data, up 91%.
Total employees: 4 in October 2021 and 24 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $407,650,320 to $495,622,727 (+22%).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Piedmont Capital Management, LLC (CRD 155682): Form ADV filing data as of October 2026.