Leonard M. Golub, CFA

Leonard was born in 1965 and raised in Houston, Texas. He attended St. John’s School, received a B.A. degree from Amherst College in Amherst, Massachusetts in 1989, and a Master’s in Business Administration from the University of Texas McCombs School in 1999. His early career was spent in computer network design and engineering. In the 1990’s he helped found and finance several startup companies, one of which was acquired and another which went public, both at significantly appreciated values.

While working on multi-generational estate issues for his family, Leonard became very interested in investments, and made a career change.  He earned his CFA charter in 2003 and started New Capital Management in 2004.

Todd Centurino, CFA - Chief Investment Officer

Todd joined New Capital as its Chief Investment Officer in July of 2017. In this role, Todd has primary responsibility for NCM’s investment research, portfolio management, design and implementation of model portfolios, trading, investment reporting, fund company relationships and more. Todd’s balanced investment style is grounded in a firm belief in market efficiency, asset class diversification and low cost implementation.

Prior to joining New Capital, Todd spent four years at Salient Partners, L.P., a $13 billion wealth advisory and asset manager in Houston, as a Director of Outsourced CIO Solutions and Chief Investment Strategist. Todd also spent six years at the $160 billion Teacher Retirement System of Texas where he was a Senior Investment Manager responsible for the design, implementation and portfolio management of over $3 billion in hedge fund investments.

Todd is originally from Massachusetts where he began his investment career at Fidelity Investments. He has a CFA Charter, a Bachelor degree from Clemson University and an MBA from Rice University. Todd lives in Royal Oaks Country Club with his wife Vanessa and enjoys golfing, traveling and playing ice hockey.


Catherine Bahr - Director of Client Services & Communications

Catherine started with New Capital in August of 2012. As Director of Client Services & Communications, Catherine develops and promotes the services of New Capital Management. 

Catherine is a native Houstonian who grew up in West University and attended Lamar High School. She graduated with a Bachelor of Art degree in Mass Communication from Texas State University in 2004. After college, Catherine worked in graphic design and marketing positions before starting with New Capital. She is currently a CFP candidate.

Catherine loves spending free time with family & friends, working out at Crossfit, and traveling the world.



 Jaycee Smalley - Adminstrative Advisor

Jaycee started with New Capital in March 2015 as an intern, and following her December 2016 graduation from University of Houston's accounting program, Jaycee was promoted to a full-time position in adminstration and client services. Jaycee's work-ethic and organization are an enormous value to New Capital and our clients. 

In Jaycee’s spare time she enjoys traveling with her family and friends, reading, and exploring the different tastes and attractions of Houston.