# Wallace Capital Management, Inc.

> Wallace Capital Management, Inc. is an SEC-registered investment advisory firm in Dallas, TX, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 119174
- Filed as: WALLACE CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119174
- AdvisorCensus page: https://advisorcensus.com/firm/wallace-capital-management-inc-dallas-tx-119174

## Quick answers

**How is Wallace Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Wallace Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Wallace Capital Management, Inc. located?**
Wallace Capital Management, Inc.'s principal office is in Dallas, TX, according to its Form ADV.

**Is Wallace Capital Management, Inc. registered with the SEC or a state?**
Wallace Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 119174.

**How much does Wallace Capital Management, Inc. manage?**
Wallace Capital Management, Inc. reports $1,488,904,952 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (98% discretionary).

**How have Wallace Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Wallace Capital Management, Inc.: Regulatory assets under management: $938,170,426 in the October 2021 data and $1,488,904,952 in the October 2026 data, up 59%. Total employees: 7 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wallace Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (262); individuals (other than high net worth individuals) (153); corporations or other businesses not listed above (65).

**Which custodians does Wallace Capital Management, Inc. use?**
Wallace Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as custodians holding 10% or more of its separately managed account assets.

**Does Wallace Capital Management, Inc. 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/119174

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated

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: $1,488,904,952
- Discretionary: $1,464,676,190
- Non-discretionary: $24,228,762

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 153 | $66,968,268 |
| High net worth individuals | 262 | $912,173,652 |
| 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) | 1 | $142,687,877 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 6 | $41,432,398 |
| 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 | 65 | $325,642,757 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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: 2009 (17 years)
- Employees: 7 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, LA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $938,170,426 | 7 | April 1, 2021 |
| October 2022 | $1,054,414,394 | 7 | March 30, 2022 |
| October 2023 | $1,056,164,843 | 7 | March 30, 2023 |
| October 2024 | $1,191,449,458 | 6 | March 28, 2024 |
| October 2025 | $1,354,552,109 | 7 | March 31, 2025 |
| October 2026 | $1,488,904,952 | 7 | March 31, 2026 |

Regulatory assets under management: $938,170,426 in the October 2021 data and $1,488,904,952 in the October 2026 data, up 59%.
Total employees: 7 in October 2021 and 7 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wallace Capital Management, Inc. (CRD 119174): Form ADV filing data as of October 2026.