Cargile Investment Management, Inc.
- Regulatory AUM
- $395M
- Discretionary
- $395M
- Clients
- 204
- Avg AUM / client
- $1.9M
- Accounts
- 319
- Employees
- 3
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 138 | $21.7M | 5.49% |
| High net worth individuals | 58 | $294M | 74.6% |
| Investment companies | 1 | $12.9M | 3.26% |
| Charitable organizations | Fewer than 5 clients | $4.0M | 1.01% |
| State or municipal government entities | Fewer than 5 clients | $1.3M | 0.34% |
| Corporations and other businesses | 7 | $60.4M | 15.3% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mickey Ray Cargile | President & Chief Compliance Officer | Jul 2001 (25y) | 75% or more | |
| Charles Ross Gaines | Registered representative | Mar 2004 (22y) | ||
| Keith Wayne Parker | Registered representative | Feb 2012 (14y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON SEPTEMBER 30, 2019, THE SEC PUBLISHED IA RELEASE NO. 5389, AN ORDER INSTITUTING ADMINISTRATIVE AND CEASE AND DESIST PROCEEDINGS, PURSUANT TO SECTIONS 203(E) AND 203(K) OF THE INVESTMENT ADVISERS ACT OF 1940 ("ADVISERS ACT"), AGAINST CARGILE INVESTMENT MANAGEMENT, INC. CARGILE INVESTMENT MANAGEMENT SELF-REPORTED THE VIOLATIONS TO THE SEC. THE PROCEEDINGS AROSE OUT OF ALLEGED BREACHES OF FIDUCIARY DUTY AND INADEQUATE DISCLOSURES BY CARGILE INVESTMENT MANAGEMENT IN CONNECTION WITH ITS MUTUAL FUND SHARE CLASS SELECTION PRACTICES AND THE 12B-1 FEES CARGILE INVESTMENT MANAGEMENT AND/OR ITS ASSOCIATED PERSONS RECEIVED. AT TIMES DURING THE RELEVANT PERIOD, CARGILE INVESTMENT MANAGEMENT PURCHASED FOR, RECOMMENDED TO, OR HELD FOR ADVISORY CLIENTS MUTUAL FUND SHARE CLASSES THAT CHARGED 12B-1 FEES INSTEAD OF LOWER-COST SHARE CLASSES OF THE SAME FUNDS FOR WHICH THE CLIENTS WERE ELIGIBLE. CARGILE INVESTMENT MANAGEMENT FAILED TO DISCLOSE IN ITS FORM ADV OR OTHERWISE CONFLICTS OF INTEREST RELATED TO THE COLLECTION OF SUCH FEES. AS A RESULT OF THE CONDUCT, CARGILE INVESTMENT MANAGEMENT WILLFULLY VIOLATED SECTIONS 206(2) AND 207 OF THE ADVISERS ACT. CARGILE INVESTMENT MANAGEMENT AGREED TO CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTIONS 206(2) AND 207 OF THE ADVISERS ACT. RESPONDENT WAS CENSURED, AGREED TO PAY DISGORGEMENT PLUS INTEREST OF $70,141.47 AND SHALL COMPLY WITH THE UNDERTAKINGS DESCRIBED IN THE OFFER OF SETTLEMENT. Status: Final Sanction Detail: CARGILE INVESTMENT MANAGEMENT AGREED TO CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTIONS 206(2) AND 207 OF THE ADVISERS ACT. RESPONDENT WAS CENSURED, AGREED TO PAY DISGORGEMENT PLUS INTEREST OF $70,141.47 AND SHALL COMPLY WITH THE UNDERTAKINGS DESCRIBED IN THE OFFER OF SETTLEMENT. Summary: ON SEPTEMBER 30, 2019, THE SEC PUBLISHED IA RELEASE NO. 5389, AN ORDER INSTITUTING ADMINISTRATIVE AND CEASE AND DESIST PROCEEDINGS, PURSUANT TO SECTIONS 203(E) AND 203(K) OF THE INVESTMENT ADVISERS ACT OF 1940 ("ADVISERS ACT"), AGAINST CARGILE INVESTMENT MANAGEMENT, INC. CARGILE INVESTMENT MANAGEMENT SELF-REPORTED THE VIOLATIONS TO THE SEC. THE PROCEEDINGS AROSE OUT OF ALLEGED BREACHES OF FIDUCIARY DUTY AND INADEQUATE DISCLOSURES BY CARGILE INVESTMENT MANAGEMENT IN CONNECTION WITH ITS MUTUAL FUND SHARE CLASS SELECTION PRACTICES AND THE 12B-1 FEES CARGILE INVESTMENT MANAGEMENT AND/OR ITS ASSOCIATED PERSONS RECEIVED. AT TIMES DURING THE RELEVANT PERIOD, CARGILE INVESTMENT MANAGEMENT PURCHASED FOR, RECOMMENDED TO, OR HELD FOR ADVISORY CLIENTS MUTUAL FUND SHARE CLASSES THAT CHARGED 12B-1 FEES INSTEAD OF LOWER-COST SHARE CLASSES OF THE SAME FUNDS FOR WHICH THE CLIENTS WERE ELIGIBLE. CARGILE INVESTMENT MANAGEMENT FAILED TO DISCLOSE IN ITS FORM ADV OR OTHERWISE CONFLICTS OF INTEREST RELATED TO THE COLLECTION OF SUCH FEES. AS A RESULT OF THE CONDUCT, CARGILE INVESTMENT MANAGEMENT WILLFULLY VIOLATED SECTIONS 206(2) AND 207 OF THE ADVISERS ACT. CARGILE INVESTMENT MANAGEMENT AGREED TO CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTIONS 206(2) AND 207 OF THE ADVISERS ACT. RESPONDENT WAS CENSURED, AGREED TO PAY DISGORGEMENT PLUS INTEREST OF $70,141.47 AND SHALL COMPLY WITH THE UNDERTAKINGS DESCRIBED IN THE OFFER OF SETTLEMENT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Charles Schwab & Co. $255M (65% of AUM) Mar 2026
- National Financial Services (Fidelity) $131M (33% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗