Overview
Firm Description
Capital Counsel LLC (“Capital Counsel”), established in 1999, is an SEC-registered
investment adviser under the Investment Advisers Act of 1940.
Principal Owners
Capital Counsel was founded in 1999 by F Randall Smith, Terence S. Greene,
James I. Magid and Lauren Blum. It remains majority-owned by its employees.
Types of Advisory Services
Capital Counsel provides asset management services by implementing one
investment strategy focused on disciplined valuation-based fundamental analysis and
patient execution.
Capital Counsel’s investment expertise lies in evaluating individual businesses to
determine their ability to generate free cash flow that company management can
reinvest in the business to generate sustained profit growth.
Belle Meade Associates, Belle Meade Associates NT, and Belle Meade Associates
NY are Limited Partnerships for which Capital Counsel serves as the general
partner. For more details see Other Financial Industry Activities and Affiliations
section and Methods of Analysis, Investment Strategies and Risk of Loss section.
Capital Counsel offers discretionary asset management services to employee benefit
plans covered under the Employee Retirement Income Securities Act (“ERISA”).
The services provided and compensation
policies are described in this Form ADV
Part 2A and in client engagement letters. As it relates to ERISA accounts, Capital
Counsel does not expect to receive any direct or indirect compensation outside of
what is specifically described in this document.
Upon request, Capital Counsel offers financial planning services including advice on
retirement, tax, and estate planning, charitable giving, budgeting, and liquidity.
Capital Counsel can recommend competent tax, accounting, and legal professionals
to its clients. We are neither attorneys nor accountants.
Tailored Relationships
Clients retain Capital Counsel on a discretionary basis to determine and direct
execution of portfolio transactions without consultation on a transaction-by-
transaction basis. Most clients leave to Capital Counsel the selection of broker-
dealers who are to execute portfolio transactions. Under certain circumstances
Capital Counsel may allow clients to adjust their portfolio holdings based upon
individual wishes.
Assets Under Management
As of December 31, 2023, Capital Counsel managed approximately $2,319.2
million on a discretionary basis primarily for individuals, families, foundations, and
endowments. It also managed approximately $7.3 million on a non-discretionary
basis.