Overview
4.A. Advisory Firm Description
Capital Investment Counsel, Inc. (“Counsel”) was founded in 1984 by Richard K. Bryant and
E. O. “Bobby” Edgerton, Jr. Counsel provides professional investment counseling services to
individual investors, pension and profit-sharing plans, corporations, trusts, and estates. The
firm is owned by R. Bryant Family Partners, Ltd., a partnership managed by Mr. Bryant.
4.B. Types of Advisory Services
Counsel is an asset management firm dedicated to serving the specific needs of our clients
through individually-tailored portfolios in the equity and fixed-income markets, on a
discretionary basis. We do not manage money through portfolio “models”. Instead, we focus
on selecting individual positions in publicly-traded companies of all market capitalizations
and fixed income securities, while focusing on a disciplined process designed to manage risk
for the investor.
Counsel has assembled an experienced money management team to support and
complement the “Counsel Style” of investing -- a method which focuses on investing in
companies we believe are financially strong and are out-of-favor and appear to be near
historically low valuations. Bobby Edgerton, co-founder of the firm, established this
investment philosophy over thirty years ago. The directive of the owner has been to create a
team combining great synergy with continuity of style and philosophy.
Counsel
may co-advise separately managed accounts for clients introduced by its affiliate,
Capital Investment Advisory Services, LLC (CIAS). The accounts are managed in the same
manner as other Counsel accounts, through individually-tailored portfolios in the equity and
fixed income markets, on a discretionary basis.
In addition to asset management services, Counsel offers financial planning services.
Counsel may provide such services to individuals, families and other clients, regarding the
management of their financial resources, based upon an analysis of client’s current situation,
goals, and objectives.
4.C. Client Investment Objectives/Restrictions
By offering individualized, separately managed accounts, we are able to analyze a client’s
pertinent information and objectives to manage their assets. The basis for the analysis, and
resulting determination of the investment objectives, may be gathered from discussions with
the client and/or solicitor, as well as information provided to establish the account. The
account is then managed in accordance with those objectives. Clients may impose
investment restrictions on specific securities or types of securities.
4.D. Wrap-Fee Programs
Counsel terminated its wrap fee program effective April 30, 2014.
4.E. Assets Under Management as of 01/31/2024:
Discretionary basis: $691,452,923; 1,077 accounts
Non-discretionary basis: $0