Mill Capital Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$779,009,858
Clients
97
Advisors
4
of 5 employees
About
Mill Capital Management serves individual clients—including high net worth individuals—and charitable organizations, providing discretionary investment management through separately managed accounts and occasional selection of external managers. The firm also offers financial planning as part of its advisory services and typically requires a $2,000,000 minimum account, with waivers possible in certain circumstances.
The firm’s investment approach centers on an internally managed large-cap equity strategy (MCM Equity) that targets high-quality, value-oriented U.S. large- and mid-cap companies, typically holding about 30–45 names and emphasizing a long-term, low-to-moderate turnover (roughly 5–30% annually). Portfolio construction is guided by return-on-invested-capital analysis and margin-of-safety valuation techniques (discounted cash flow and relative valuation), while fixed income and alternative exposures are implemented either internally or via external managers depending on client needs.
Noteworthy for a small advisory team, Mill Capital manages roughly $1.49 billion in client assets with only three advisors, producing a high level of assets per advisor compared with most peers and suggesting an institutional scale of assets under a compact team. The firm’s use of concentrated, stock-focused SMAs, inclusion of financial planning within management, and reliance on established custodial and proxy-voting arrangements are additional operational features that differentiate it from many similarly categorized firms.
Client services
Expertise
Fee options
$0+: 1.00% +: 0.35%
Account minimum: $2,000,000
Main office
845 Church Street North
Concord NC 28025
Advisors at this office
4
Most active in
Delaware · Georgia · New York · North Carolina · South Carolina · Texas · Virginia
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.
Quick links
Advisors at this firm
Paul C
CFP®
Concord, NC
Mill Capital Management, LLC
Paul Clark is a CFP® professional with four years of industry experience, currently serving as an advisor at Mill Capital Management, LLC. Prior to joining Mill Capital in 2021, he worked at Wells Fargo for ten years. Mill Capital Management serves individual clients, including high net worth individuals, and charitable organizations, providing discretionary investment management focused on a concentrated, value-oriented large-cap equity strategy. The firm integrates financial planning with its investment services and manages approximately $1.49 billion in client assets with a team of three advisors.
Jonathan R
CFP®, Series 63, Series 65
Concord, NC
Mill Capital Management, LLC
Jonathan Rhoney is a CFP® with six years of industry experience, currently serving as an advisor at Mill Capital Management, LLC. He previously worked at Wells Fargo for 18 years and began his career at Hayden Harper Financial, LLC. Mill Capital Management serves individual clients, including high net worth individuals, and charitable organizations with discretionary investment management focused on a concentrated large-cap equity strategy, complemented by financial planning services. The firm manages approximately $1.49 billion in client assets with a small team, emphasizing value-oriented investments and long-term portfolio construction.
David B
Series 65, Series 66
Concord, NC
Mill Capital Management, LLC
David Beach Jr. is a financial advisor at Mill Capital Management, LLC with three years of industry experience. He holds the Series 65 and Series 66 credentials. Prior to joining Mill Capital Management, he spent 19 years with Wells Fargo Bank and five years with Wells Fargo Investment Institute, Inc. Mill Capital Management serves individual clients, including high net worth individuals, and charitable organizations by providing discretionary investment management and financial planning services. The firm employs a concentrated, value-oriented equity strategy focused on U.S. large- and mid-cap companies, complemented by fixed income and alternative exposures tailored to client needs.
Brian S
CFA®, Series 63
Concord, NC
Mill Capital Management, LLC
Brian Seay is a CFA® charterholder with four years of industry experience. He has been with Mill Capital Management, LLC since 2021 and previously worked at Wells Fargo from 1994 to 2021. Mill Capital Management serves individual clients, including high net worth individuals, and charitable organizations by providing discretionary investment management and financial planning. The firm employs a concentrated large-cap equity strategy focused on high-quality, value-oriented U.S. companies, combining internal management with selective use of external managers.
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