American Capital Advisory, LLC

American Capital Advisory is a seven-advisor, team-based investment adviser that provides discretionary investment management and financial planning to individuals (including high-net-worth clients), corporations, trusts, and financial institutions, and manages approximately $333 million in client assets. The firm also operates a private fund, Brave 18, offered to accredited investors; clients may impose investment restrictions and, in some cases, use margin in their accounts.

The firm’s core approach emphasizes global asset allocation implemented mainly with low-cost ETFs and mutual funds, with portfolios tailored to clients’ risk tolerance, time horizon, and income needs. ACA supplements its ETF-based allocation with direct indexing for tax management and a suite of distinct strategies — a concentrated value equity sleeve, an ETF-based diversified sleeve, and a global dividend income sleeve — and employs tools such as option writing, short sales, and both short- and long-term trading.

Noteworthy features relative to peers include the Brave 18 fund’s performance-based compensation and option exposure, and the firm’s practice of managing performance-fee and non-performance-fee accounts side-by-side under allocation policies intended to mitigate conflicts. Other atypical practices disclosed in the brochure include treating certain margin withdrawals as part of feeable assets for fee calculations, allowing firm personnel to co-invest in the private fund, and a proxy policy under which ACA generally does not vote client proxies except where fiduciary duties (e.g., ERISA) require it.