Black Capital Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Black Capital Management provides investment advisory services to individuals, families, employee benefit plans, corporate investment funds, trusts, estates and charitable organizations, with a focus on balanced and equity portfolios. The firm manages client assets on a fee-only basis and offers both non-discretionary and discretionary portfolio management but does not provide financial planning or other non-investment consulting services.
Black Capital customizes portfolios using equities, fixed income and mutual funds/ETFs and treats cash as an asset class, at times maintaining defensive cash positions or moving cash into higher-yielding money market funds when available. Clients may engage the firm on a non-discretionary basis — Black Capital reported $104,731,504 in non-discretionary AUM and $14,856,883 in discretionary AUM (total $119,588,387 as of December 31, 2025) — which means the firm generally seeks client consent before effecting transactions and may be unable to act if a client is unavailable during market events.
The firm’s predominance of non-discretionary assets is uncommon among supported firms and shapes its operational and service model compared with peers. Additional notable features in the brochure include an explicit policy limiting proxy voting (clients retain voting responsibility), an adopted AI policy governing use of certain AI tools in support of advisory services, and a typical custody recommendation of Schwab, from which the firm receives non-monetary support services.
Client services
Expertise
Fee options
$100,000 - $2.0 million: 1.00% $2.0 million - $5.0 million: 0.75% $5.0 million+: 0.50%
Account minimum: $1 Million Fee-only: Fee-only basis, advisory fees negotiable generally ranging between 0.50% and 1.00%
Main office
Grain Valley MO
Advisors at this office
3
Most active in
Kansas · Missouri · Texas
Also doing business as
Black Capital Management · Black Capital Management, LLC · Black Terry Paul
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Taylor B
CFA®, Series 65
Grain Valley, MO
Black Capital Management, LLC
Taylor Black is a CFA® charterholder with 12 years of industry experience, currently serving as an advisor at Black Capital Management, LLC since 2013. He holds the Series 65 license and is based in Grain Valley, MO. Black Capital Management provides investment advisory services to individuals, business entities, trusts, estates, charitable organizations, employee benefit plans, and corporate investment funds. The firm manages balanced and equity portfolios with a focus on equities, fixed income, and cash equivalents, primarily on a non-discretionary basis, leaving trading authority and proxy voting with clients.
Terry B
CFA®
Grain Valley, MO
Black Capital Management, LLC
Terry Black is a CFA® charterholder and principal at Black Capital Management, LLC, with 37 years of industry experience. He has been with Black Capital Management since 1987. Black Capital Management provides investment advisory services to individuals, business entities, trusts, estates, charitable organizations, employee benefit plans, and corporate investment funds. The firm manages balanced and equity portfolios focusing on equities, fixed income, and cash equivalents, primarily on a non-discretionary basis.
Keaton B
Series 65
Grain Valley, MO
Black Capital Management, LLC
Keaton Black is a financial advisor with Black Capital Management, LLC, holding a Series 65 designation and two years of industry experience. He has worked at Black Capital Management since 2018 and previously spent two years at WGU. Black Capital Management provides investment advisory services to individuals, families, employee benefit plans, corporate investment funds, trusts, estates, and charitable organizations. The firm focuses on balanced and equity portfolios, managing assets on a fee-only basis with both non-discretionary and discretionary portfolio management.
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