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Canal Capital Management

Multifamily office listing in Richmond, Virginia, United States.

  • SEC-registered
  • Founded 2011
Regulatory AUM
$1.3 billion
Employees
6
Clients
101-250
Founded
2011

Canal Capital Management is a Richmond, Virginia investment adviser serving individuals, families, business owners and other clients throughout the United States.123

Overview

Canal Capital Management, LLC is organized as a Virginia limited liability company and is registered with the U.S. Securities and Exchange Commission. Its SEC registration became effective on August 21, 2012.14 The firm is based in Richmond, Virginia, and reports no other offices.1 The firm website describes it as a fee only registered investment adviser subject to fiduciary duty.3

The SEC record lists six employees and identifies 102 non high net worth individual clients, 288 high net worth individual clients, eight pooled vehicles, eight pension plans and 11 charities as of August 4, 2026.1

History

The firm website says Canal Capital Management was founded in 2011 by Neil Gilliss, Noah Greenbaum and Margaret Smith.2 Form ADV states that the firm has provided investment advisory services since 2012.4

Timeline

  1. 2011The firm website says Canal Capital Management was founded in 2011 by Neil Gilliss, Noah Greenbaum and Margaret Smith.
  2. 2012Its SEC registration became effective on August 21, 2012.
  3. 2026The SEC record lists six employees and identifies 102 non high net worth individual clients, 288 high net worth individual clients, eight pooled vehicles, eight pension plans and 11 charities as of August 4, 2026.

Leadership

E. Neil Gilliss, MBA, CFP®, is Partner and CEO, founder, head of the Investment Committee and general partner for two real estate funds.5

Margaret J. Smith, CPA, CFP®, is Partner and Director of Planning and Tax Services. Her work focuses on income and estate tax planning.5

Noah C.P. Greenbaum is Partner and Director of Investments. He is responsible for portfolio operations and due diligence on private equity, venture capital and real estate investments.5

Jarrod M. Feinstein, MBA, is Portfolio Manager and Client Advisor covering public stocks and bonds, private equity, venture capital and real estate.5

Rob N. Solomson is Director, Real Estate. He oversees due diligence for Haxall Point Partners and management of proprietary real estate funds.5

Craig D. Truitt is Business Development and Investment Associate. He serves on the Investment Committee and as a general partner for several real estate funds.5

Emily R. Gilchrist, CPA, is Family Office and Accounting Associate, supporting family office deliverables, portfolio accounting and tax support.5 Cooper J. Casillas, CFP®, is Associate, Financial and Tax Planning.5 Lauralee G. Allen is Client Service Associate, and Robin W. Walker is Office Manager handling account opening, maintenance, asset transfers and money movement.5

Services

The SEC record lists financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other advisers and other advisory services.1 Form ADV also lists portfolio management, financial planning, management services to pooled investment vehicles and tax preparation services.4

The firm website lists financial planning, investment management, tax and estate planning, real estate advisory, business transition and family office services.3 The website describes integrated in house capabilities covering investment management, tax planning, estate strategy and balance sheet optimization.2

Form ADV describes discretionary portfolio management that is based on client objectives and risk tolerance, with ongoing monitoring and rebalancing.4 The firm may also provide non discretionary portfolio management that requires client approval before transactions.4 Financial planning may range from comprehensive planning to consultative or single subject planning.4 Form ADV states that financial planning fees generally range from $1,500 to $15,000 and are negotiable.4

Canal Capital Management may serve as investment manager or investment adviser to private funds and identify portfolio investments for those funds.4 Private fund investors must qualify as accredited investors or qualified purchasers, as applicable to each offering.4 The SEC record lists percentage of assets, fixed fee and performance based fee arrangements.1

What the firm offers

  • Investment management
  • Financial planning
  • Tax planning
  • Estate planning
  • Trust and fiduciary
  • Private and alternative investments

Client focus

The firm website identifies successful professionals, business owners and families with complex financial situations as client groups.2 The website says each client works with a primary adviser supported by specialists in tax strategy, estate planning and investment management.2

Investment philosophy and approach

The firm says its investment management service uses customized portfolios with open architecture and no platform restrictions.3 Form ADV lists individual equities, individual bonds, exchange traded funds, mutual funds and private investments among portfolio investments.4

The firm says its real estate offering involves direct property investment with in house sourcing, underwriting and asset management across multiple markets and property types.3

Assets and minimums

The SEC record reports $1,284,491,370 in regulatory assets under management as of August 4, 2026.1

By the numbers

Regulatory AUM by year$0K$353M$706M$1.1B$1.4B2016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 164971. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2016$197 million$174 million$23 million
2017$342 million$324 million$18 million
2018$378 million$345 million$33 million
2019$389 million$361 million$28 million
2020$476 million$451 million$25 million
2021$629 million$591 million$38 million
2022$785 million$684 million$101 million
2023$917 million$773 million$144 million
2025$1.2 billion$1.0 billion$178 million
2026$1.3 billion$1.1 billion$136 million
Average AUM per client by year$0K$851K$2M$3M$3M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 164971. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2018$1 million
2019$1 million
2020$1 million
2021$2 million
2022$2 million
2023$2 million
2025$3 million
2026$3 million
Clients by type (2026)High net worth individuals288Individuals102Charities11Pooled investment vehicles8Pension plans8
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 164971. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals102
High net worth individuals288
Pooled investment vehicles8
Pension plans8
Charities11
Employees by year0369122016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 164971. As of .
Employees reported on Form ADV
YearEmployees
20168
20178
20188
20198
20209
202110
202210
202310
202511
20266

FAQs

When did Canal Capital Management begin operating?

The firm website says it was founded in 2011, and Form ADV states that it has provided investment advisory services since 2012.24

What types of clients does the firm serve?

The firm identifies successful professionals, business owners and families with complex financial situations as clients.2 The SEC record also lists individuals, pooled vehicles, pension plans and charities.1

What services does Canal Capital Management provide?

Its services include financial planning, investment and portfolio management, tax and estate planning, real estate advisory, business transition, family office services, private fund management and tax preparation.134

  • LocationMultifamily offices in Virginia

    This directory helps readers compare multifamily offices serving Virginia, including firms familiar with the Richmond area and clients across the United States. It can support early research into providers offering investment management, financial planning, tax planning, estate planning, and private investment services for families and business owners.

  • Network siteEstatePlanner.com

    EstatePlanner.com provides practical guides on wills, trusts, and related estate planning topics. A family considering Canal Capital Management can use these materials to prepare questions about estate structures, trust administration, fiduciary services, and coordination among investments, taxes, and family responsibilities.

  • Network siteFamilyBusinesses.com

    FamilyBusinesses.com combines a directory with playbooks for family-owned companies. Business owners considering an adviser can use it to explore issues such as ownership transitions, family governance, liquidity events, and the relationship between business decisions, personal wealth, tax planning, and estate planning.

  • DataMFO fee types from Form ADV

    This guide explains common fee types reported through Form ADV, such as asset-based fees, hourly charges, fixed fees, and performance-based arrangements. Reviewing those categories can help a prospective client ask how advisory costs may relate to investment management, financial planning, private investments, and other services.

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    Profiles for Cresset Capital Management LLC, Vested Partners: A Multi-Family Office, and Autumn Wind Asset Management offer additional points of comparison. Readers can review how other firms describe their client types, services, locations, investment approaches, and planning offerings before speaking with advisers about their own family or business needs.

Sources

  1. SEC IAPD firm summary: Accessed October 23, 2026
  2. Canal Capital Management About page: Accessed October 23, 2026
  3. Canal Capital Management Home page: Accessed October 23, 2026
  4. Canal Capital Management Form ADV Part 2A: Accessed October 23, 2026
  5. Canal Capital Management Team page: Accessed October 23, 2026

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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