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Academy Capital Management

Updated today

Client assets under management

$1,113,060,999

Clients

962

4% high-net-worth

Advisors

6

of 9 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

160

Very High

Average account size

$1,157,028

About

Academy Capital Management provides discretionary investment supervisory services to individuals, trusts, estates, charitable organizations, foundations, retirement plans, and corporate entities. As of December 31, 2025, the firm reported about $1.16 billion in discretionary assets under management and serves roughly 962 client relationships across a six-advisor team.

The firm uses an Investment Committee framework and individualized Investment Policy Statements to set asset allocations, risk tolerances, and portfolio constraints, managing equity, balanced, and fixed‑income strategies on a discretionary basis. Academy emphasizes performance, risk, and tax-related reporting in client meetings and delivers monthly custodial statements and quarterly portfolio appraisals, while employing block trading and average-price allocation for aggregated orders.

Distinctive features include a long operating history and an owner‑managed structure with principal-level CFA credentialing and internal oversight of due diligence and portfolio construction. Academy also engages in solicitor-generated accounts with disclosed fee‑sharing arrangements and maintains formal proxy‑voting procedures supported by Institutional Shareholder Services, practices that differentiate it from many peers.

Client services

Portfolio management

Expertise

Active portfolio management

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Fee options

Percentage

$0 - $3 million: 1.00% $3 million - $5 million: 0.75% $5 million+: 0.50%

Main office location

Academy Capital Management

500 N Valley Mills Dr Ste #200

Waco TX 76710, United States

Number of offices

1

Most active in

California · Colorado · Florida · Georgia · Louisiana · New Mexico · North Carolina · Pennsylvania · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Andrew S

Series 65

Waco, TX

Academy Capital Management

Andrew Spross is a financial advisor at Academy Capital Management in Waco, TX, holding a Series 65 designation with six years of industry experience. He worked at Spross Insurance Agency from 2014 to 2019 before joining Academy Capital Management in 2019. Academy Capital Management provides discretionary investment supervisory services to a range of clients including individuals, trusts, and corporate entities. The firm manages approximately $1.16 billion in discretionary assets through a six-advisor team, utilizing an Investment Committee framework and individualized Investment Policy Statements to guide portfolio management.

Active portfolio management
user avatar

Robert I

Series 65

Waco, TX

Academy Capital Management

Robert Isbell is a financial advisor at Academy Capital Management with 14 years of industry experience and holds the Series 65 designation. He is based in Waco, TX, and is part of a six-advisor team. Academy Capital Management provides discretionary investment supervisory services to individuals, trusts, estates, charitable organizations, foundations, retirement plans, and corporate entities. The firm employs an Investment Committee framework and individualized Investment Policy Statements to manage equity, balanced, and fixed-income portfolios, emphasizing performance, risk, and tax-related reporting.

Active portfolio management
user avatar

Terry A

CFA®, Series 65

Waco, TX

Academy Capital Management

Terry Adam is a CFA® charterholder with 21 years of industry experience and has been with Academy Capital Management for 36 years. He is involved in managing a car wash business and operates farm and ranch real estate activities outside of his advisory role. Academy Capital Management provides discretionary investment supervisory services to individuals, trusts, estates, charitable organizations, foundations, retirement plans, and corporate entities, serving over 900 clients with about $1.16 billion in assets under management. The firm employs an Investment Committee framework and individualized Investment Policy Statements to guide portfolio management with a focus on performance, risk, and tax-related reporting.

Active portfolio management
user avatar

Scott G

CFA®, Series 63

Waco, TX

Academy Capital Management

Scott Granowski is a CFA® charterholder with 22 years of industry experience. He has been with Academy Capital Management in Waco, TX, since 1986. Academy Capital Management provides discretionary investment supervisory services to individuals, trusts, estates, charitable organizations, foundations, retirement plans, and corporate entities. The firm manages approximately $1.16 billion in discretionary assets and uses an Investment Committee framework alongside individualized Investment Policy Statements to guide asset allocation and portfolio construction.

Active portfolio management
user avatar

Luke T

Series 65

Waco, TX

Academy Capital Management

Luke Thompson is a financial advisor at Academy Capital Management in Waco, TX, with one year of industry experience. He holds a Series 65 designation and has prior work history at Cypress ISD and Texas A&M University. Academy Capital Management is a six-advisor team managing approximately $1.16 billion in discretionary assets for individuals, trusts, estates, charitable organizations, foundations, retirement plans, and corporate entities. The firm uses an Investment Committee framework and individualized Investment Policy Statements to manage equity, balanced, and fixed-income portfolios on a discretionary basis.

Active portfolio management
user avatar

Charles B

Series 65

Waco, TX

Academy Capital Management

Charles Burns is a financial advisor at Academy Capital Management with 13 years of industry experience. He holds a Series 65 credential and has worked in commercial real estate and independent advisory roles since 2013. Academy Capital Management provides discretionary investment supervisory services to individuals, trusts, estates, charitable organizations, foundations, retirement plans, and corporate entities. The firm manages approximately $1.16 billion in discretionary assets for nearly 1,000 clients using an Investment Committee framework and individualized Investment Policy Statements to guide portfolio management.

Active portfolio management
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