SEC-registered independent wealth management RIA
TRG Capital Management, Inc.
As of its Form ADV filed August 17, 2026, TRG Capital Management, Inc., an SEC-registered independent wealth management RIA in Raleigh, North Carolina, reported $118.2 million in regulatory assets under management across 388 accounts, ranking #193 among independent RIAs in North Carolina by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 146674
- SEC file number
- 801-136816
- Registered since
- July 23, 2026
- Latest Form ADV filing
- August 17, 2026
- Legal name
- TRG CAPITAL MANAGEMENT INCORPORATED
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 2
Key figures
- Regulatory assets under management
- $118.2 million
- Discretionary
- $118.2 million (100.0%)
- Non-discretionary
- $0
- Accounts
- 388 (388 discretionary)
- Clients
- 131, approximate as reported
- Employees
- 5
- Advisory staff
- 4 performing investment advisory functions
- Average account
- $304,727
- Asset growth, 1 year
- Not reported
- Asset growth, 3-year annual rate
- Not reported
- Asset growth, 5-year annual rate
- Not reported
- Client growth, 1 year
- Not reported
Independent wealth management RIA: individual and high net worth clients hold at least half of its regulatory assets, it offers financial planning or portfolio management for individuals, and it is not a broker-dealer, a bank or part of one by the directory's rules. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among independent wealth management RIAs.
| Ranking | Nationally | In North Carolina | Value |
|---|---|---|---|
| Largest independent RIAs by assets under management | #7,299 | #193 | $118.2 million |
| Independent RIAs with the most clients | #7,510 | #204 | 131 |
| Independent RIAs with the most accounts | #5,881 | #163 | 388 |
| Independent RIAs with the most advisory staff | #3,365 | #79 | 4 |
| Independent RIAs with the most high net worth clients | #5,820 | #155 | 48 |
| Newest independent RIAs | #408 | #9 | $118.2 million |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 2, 2026 | $118.2 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 48 clients | $76.5 million | |
| Pooled investment vehicles 1 client | $21.0 million | |
| Individuals (other than high net worth) 81 clients | $18.9 million | |
| Charitable organizations 1 client | $1.8 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Performance-based fees
Advisory services
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Sponsor, general partner or managing member of pooled investment vehicles
Advises 1 private fund (Item 7.B).
Custody (Item 9)
The firm reported custody of client cash or securities, $37.9 million in total.
Investment adviser representatives
- IARs registered with the firm
- 4
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 4
Between 2 and 4 of the firm's 4 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in North Carolina
| Firm | City | RAUM |
|---|---|---|
| West Financial Strategies, Inc. | Sanford | $121.0 million |
| Emerald Asset Management, Inc. | Rocky Mount | $120.8 million |
| Hicks & Associates Wealth Management, LLC | Cary | $119.6 million |
| Carolina Strategy, LLC | Matthews | $119.1 million |
| Passport Wealth Management | Cornelius | $115.3 million |
The five independent RIAs nearest in regulatory assets with a main office in the same state.
Elsewhere
- TRG Capital Management, Inc. on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.trgcap.com
- Independent RIAs in North Carolina
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.