Tiercel Capital Texas LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The firm provides portfolio management to individual and high-net-worth clients, tailoring portfolios to client objectives and risk profiles. It manages primarily discretionary accounts while retaining a portion of non‑discretionary assets and requires clients to custody assets at its selected broker‑dealer.
Tiercel Capital Texas follows a value‑oriented, fundamental analysis process that emphasizes equities trading below estimated intrinsic value and “special situations,” and measures performance over multi‑year horizons. The firm regularly trades a wider set of instruments than typical peers—including options and other derivatives—and the investment team has prior experience trading commodities, futures and associated derivatives.
Noteworthy distinctions include the availability of performance‑based fee arrangements for qualified investors and a small advisory team in which portfolio managers also perform compliance oversight, resulting in concentrated internal supervision. Principal-level outside investment activities (including direct investments in oil royalties and futures strategies) and a formal pre‑clearance policy for personal trading are disclosed to address potential conflicts of interest.
Client services
Expertise
Fee options
$50,000+: 0.75% - 3.0% per annum Qualified investors+: 2.0% per annum (plus 20% performance fee)
20% performance fee on account performance annually for qualified investors
Account minimum: $500,000 Minimum fee: Monthly minimum fee of $50 for prorated partial months
Main office
1601 Ronson Rd
Houston TX 77055
Advisors at this office
2
Most active in
Texas
Also doing business as
Rory Ronald Mackay 6378546 · Tiercel Capital Texas LLC
Disclosures
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Business activities & affiliations
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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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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.
Forms ADV
Advisors at this firm
Rory M
Series 65
Houston, TX
Tiercel Capital Texas LLC
Rory Mackay is a financial advisor with Tiercel Capital Texas LLC, holding a Series 65 credential and 12 years of industry experience. He has been associated with Tiercel Capital Managers Limited since 2010, where he serves as CEO. Outside of his advisory role, Mr. Mackay owns Saker Capital LLC, an investment company focused on oil wells and oil royalties, and is involved with Merlin Factoring LLC, a factoring business. Tiercel Capital Texas LLC provides portfolio management services to individual and high-net-worth clients, emphasizing a value-oriented, fundamental analysis approach that includes equities trading below intrinsic value and special situations. The firm manages primarily discretionary accounts and utilizes a broader range of trading instruments than typical peers, with a small advisory team performing both portfolio management and compliance oversight.
Bradley G
Series 65
Houston, TX
Tiercel Capital Texas LLC
Bradley Grasl is a financial advisor at Tiercel Capital Texas LLC with seven years of industry experience. He holds a Series 65 designation and has worked at Virteom LLC, Sinai Capital, and in community college roles prior to joining Tiercel Capital Texas. Tiercel Capital Texas LLC provides portfolio management services to individual and high-net-worth clients, managing both discretionary and non-discretionary accounts. The firm employs a value-oriented equity approach supplemented by short-term special situations and uses fundamental analysis across a broad range of instruments.
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