New Capital Management

New Capital Management

Leonard M. Golub established New Capital Management in 2004 as a fiduciary advisory firm, headquartered in Houston, Texas. The leadership team includes Vice President Jaycee Smalley, who holds a CFP® designation. Testimonials from long-tenured clients stress a stable advisory relationship, with several citing relationships spanning 15 to 17 years under Golub’s guidance. The firm structures its investment approach around a model-based methodology anchored in academic and scientific research, applied across a global portfolio framework that has underpinned its offering since inception. The service model spans six primary areas: investment management, financial planning, advisory, family wealth support across generations, account administration, and client communications. Notably, New Capital expanded its custody capabilities in 2022 by adding Swiss accounts, providing an offshore diversification option to its core US client base. Its international advisory scope also extends to residency and citizenship planning, covering more than thirty jurisdictions for globally mobile clients. New Capital operates a broad planning suite that includes specialized services for couples, blended families, and 401(k) overlay guidance. The firm publicly aligns its incentives through a fiduciary structure, a point it emphasizes throughout its marketing and client-facing materials. The team is compact, with the website identifying five core staff including Golub, Smalley, a Director of Marketing & Communications, and an Operations Manager. The firm facilitates strategic charitable giving, embedding philanthropic planning into its holistic offering. The integration of Swiss custody services starting in 2022 distinguishes the firm from typical domestic RIAs, offering a tangible jurisdictional diversification tool typically reserved for larger multi-family offices or private banks. The combination of a fiduciary mandate with cross-border banking access and deep family-office-adjacent planning (generational wealth, blended family structuring, estate attorney coordination) creates a hybrid posture: a boutique wealth manager operating with the toolkit of a larger multi-family office.