Narwhal Capital Managment, Llc
- Regulatory AUM
- $2.1B
- Discretionary
- $2.0B
- Clients
- 365
- Avg AUM / client
- $5.7M
- Accounts
- 850
- Employees
- 18
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jun 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 223 | $59.5M | 2.85% |
| High net worth individuals | 111 | $901M | 43.2% |
| Charitable organizations | 12 | $79.9M | 3.83% |
| Corporations and other businesses | 19 | $1.0B | 50.1% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $16.3M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sailfish Fund, Llc | Hedge Fund | Georgia | $16.3M | 10 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| C.W. Matthews Contracting Company, Inc. 401(k) Plan C.W. Matthews Contracting Company, Inc. | 2024 |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Matthew Doran Burton | Managing Member And Founder | CFA | May 2005 (21y) | 75% or more |
| Andrew David Hall | President | Jun 2012 (14y) | Less than 5% | |
| Hicks, Jonathan, Moor | Chief Compliance Officer | Jan 2021 (6y) | Less than 5% | |
| Benjamin John Nye | Registered representative | CFA | Jul 2016 (10y) | |
| Samuel Timothy Frost | Registered representative | CFA | Dec 2016 (10y) | |
| Thomas H. Russell | Registered representative | Oct 2018 (8y) | ||
| Harrison Rider Pettigrew | Registered representative | Nov 2022 (4y) | ||
| Mohammed Ghulam Reza | Registered representative | Apr 2023 (3y) | ||
| Harrison David Fish | Registered representative | Sep 2024 (2y) | ||
| Ryan John Thomas Miller | Registered representative | Feb 2025 (1y) | ||
| David Edward Hale | Registered representative | Jul 2025 (1y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $16.3M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sailfish Fund, Llc | Hedge Fund | $16.3M | $10.0K | 10 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| C.W. Matthews Contracting Company, Inc. 401(k) Plan | C.W. Matthews Contracting Company, Inc. | 1,747 | $94.3M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/29/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $1.9B (90% of AUM) Jun 2026
- Morgan Stanley $230M (30% of AUM) Oct 2018
- Raymond James $173M (11% of AUM) Oct 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 29, 2026.
View current Form ADV (SEC/IAPD) ↗