Carmichael Creel Investments

The firm provides discretionary portfolio management to a small client base that includes individual and high-net-worth investors as well as corporate, trust, and retirement accounts, administering separate accounts rather than wrap programs. It manages publicly traded equities, fixed income, mutual funds, ETFs, and money market instruments and provides regular reporting including quarterly performance statements and annual capital gains summaries.

The adviser follows a value-oriented, fundamental investment process that emphasizes balance-sheet and cash-flow analysis and typically holds positions for multiple years, seeking lower turnover than active trading strategies. In addition to traditional securities, the firm may employ exchange-traded options and other derivatives in separately managed accounts, a practice that is less common among similarly sized supported advisers.

Notable features relative to peers include a compact advisory team managing roughly $127 million across fewer than 100 client relationships and a lead investment professional who holds the CFA charter. The firm conducts bi-weekly account reviews and will perform heightened reviews after market dislocations (for example, when the S&P 500 declines more than 3% in a trading day) and maintains a custodial relationship through a major institutional custodian.