Annandale Capital, LLC

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Client assets under management

$1,100,115,000

Clients

200

83% high-net-worth

Advisors

of 5 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

100

High

Average account size

$5,500,575

About

Annandale provides discretionary and non‑discretionary investment management and manager selection for individuals, family offices, profit‑sharing plans, trusts, estates, charitable organizations and other business entities. As of 12/31/2025 the firm reported managing approximately $1.55 billion and offers portfolio construction, manager due diligence and performance reporting as its primary services.

The firm follows a manager‑of‑managers approach, performing bottom‑up quantitative, qualitative and operational research to build allocations across equities, fixed income, hedge funds, private equity, commodities and other asset classes. Annandale tailors asset allocations to client goals, liquidity needs and tax situations, but concentrates its service offering on investment management rather than broader financial planning.

Noteworthy features in the brochure include bespoke fee arrangements with a family‑office client—such as backend profit‑sharing and carried‑interest style payments for certain investments—which the firm discloses as part of its performance‑fee arrangements. The brochure also documents use of derivatives (options) and private, illiquid investments with related leverage and liquidity considerations, and describes operational safeguards around custody and third‑party transfers.

Client services

Portfolio management Pension consulting Selection of other advisers

Expertise

Private / alternative investments Active portfolio management Real estate investing

Fee options

Fixed

Flat monthly consulting fee for a family office client (amount not specified)

Percentage

1.00% annually, billed quarterly in advance based on assets at the beginning of each quarter

Performance-based

Backend profit sharing agreement (carried interest) for certain family office investments; fees based on called capital or one-time payments from underlying funds for select investments

Other

Account minimum: $5,000,000

Main office location

Annandale Capital, LLC

2626 Cole Avenue, Suite 700

Dallas TX 75204, United States

Number of offices

Most active in

Arizona · Florida · New York · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 214-523-5000

Advisors at this firm

Craig W

Series 66

Dallas, TX

Annandale Capital, LLC

Craig Wenning is a financial advisor at Annandale Capital, LLC in Dallas, TX, with 18 years of industry experience. He holds the Series 66 designation and has been with Annandale Capital since 2009. Annandale Capital provides discretionary investment management and manager selection services to individuals, family offices, trusts, estates, charitable organizations, and other business entities. The firm employs a comprehensive investment process that includes quantitative, qualitative, and operational due diligence across a wide range of asset classes, and it serves both retail and institutional clients.

Private / alternative investments Active portfolio management Real estate investing

George S

Series 65

Dallas, TX

Annandale Capital, LLC

George Seay is a financial advisor at Annandale Capital, LLC in Dallas, TX, holding a Series 65 designation with 20 years of industry experience. He has been with Annandale Capital since 2005 and has concurrently operated Seay Stewardship and Investment Company since 1998. Annandale Capital provides discretionary investment management and manager selection services to a range of clients, including individuals, family offices, trusts, and charitable organizations. The firm employs a comprehensive investment process that includes quantitative, qualitative, and operational due diligence across diverse asset classes, offering customized asset-allocation solutions and institutional-style service through a small advisory team.

Private / alternative investments Active portfolio management Real estate investing

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