Stewart A. Feldman


  • Juris Doctor awarded cum laude by The University of Michigan Law School, May 1980. Instructor Financial Accounting & Accounting Theory, University of Michigan Business School, 1979.

  • M.Sc. (Accounting) and B.Sc. (Econ.) awarded by The Wharton School at the University of Pennsylvania, 1975. B.Sc. (Econ.) magna cum laude, Dean's List With Distinction all semesters.

  • General Course Student at The London School of Economics and Political Science, 1973-1974.
Stewart A. Feldman


  • Admitted to practice before the U.S. Tax Court, 2016.


Stewart A. Feldman has over thirty years experience in a variety of sophisticated legal, tax and financial transactions involving a wide range of industries.He is one of the foremost national experts on captive insurance/alternative risk planning, having headed up over 120 captive formations and operations.

Mr. Feldman draws upon a strong tax, financial, and accounting background dating back to a career in public accounting (CPA - Ohio, 1975 and Texas, 19801) following his completion of graduate business school.  Mr. Feldman is able to draw upon years of experience on the substantive business side of transactions from both financial and the legal perspectives and as a principal in various business transactions. 

From 1975 - 1978, Mr. Feldman was a member of the national technical group at Ernst & Ernst (now Ernst & Young), Cleveland, Ohio, where he authored eight articles for national and international accounting journals.

From 1980 - 1982, Mr. Feldman served as a corporate finance and securities lawyer (mergers and acquisitions) at the Houston law firm of Vinson & Elkins LLP.

From 1982 - 1992, Mr. Feldman oversaw the legal, financial, operational and administrative functions of several dozen brother-sister investment entities as principal and CFO at Wolff, Morgan & Company/Wolff Companies, a Houston-based investment group that focused on real estate (as the largest commercial land developer in Houston) and automotive investments.  These brother-sister entities held assets in excess of $200 million, with Mr. Feldman managing $125 million in credit facilities.

While CFO at Wolff, Mr. Feldman was an owner and dealer-principal of several Houston-area automotive dealerships (1986-1989), including two Jaguar franchises.  Mr. Feldman also co-owned and operated a direct importing and distribution company that purchased automotive parts from European and Asian suppliers for distribution to franchised dealers throughout the U.S. and Canada.  When the franchised operations were sold in 1989, revenues had doubled to $50 plus million over a three-year period and employment exceeded 150 persons.


For more than the last decade, Mr. Feldman has been the chief executive officer or managing partner and principal owner of several Houston-based businesses. 
The Feldman Law Firm LLP specializes in sophisticated corporate and tax planning for closely held businesses.  The Firm is engaged on behalf of Mr. Feldman’s affiliated business interests as well as third-party clients.  The Firm also serves as litigation counsel for clients in a variety of commercial and business litigation matters. The Firm began in 1992 and Mr. Feldman continues to serve as its managing partner.  Mr. Feldman's practice focuses on being counsel for various closely held businesses, applying his legal, tax and financial skills for the benefit of the Firm’s clients. 

Capstone Associated Services, Ltd. is principally engaged in administering property and casualty insurance companies for the benefit of third parties.  The insurers are affiliated with closely held businesses operating in a variety of industries located throughout the United States.  Capstone has formed in excess of 120 such companies and presently operates 80-plus on a turnkey basis for its clients.  Capstone was formed in 1998. 

RSL Funding, LLC acquires and packages long-term annuities issued by major life insurance companies to fund personal injury settlements. The company was formed in 2003 following the passage of enabling federal legislation. RSL Funding operates throughout the U.S.

Additionally, from 2005 – 2007, Mr. Feldman served as Chairman of Northstar Healthcare (NHC:TO), which was a roll-up of Houston-area ambulatory surgery centers, floated in what was the largest IPO in Canada during 2007, raising $175 million.  Serving as chief architects of the Northstar transaction through his Capstone affiliate, Mr. Feldman lead a team of investment bankers, lawyers, and accountants from Vancouver, Toronto, New York, Philadelphia, Houston and San Francisco in completing this complex, groundbreaking deal. The transaction was widely reported in the Canadian financial press. The public offering financed the acquisition of Mr. Feldman's interest in this venture, at which time he passed Northstar's operations to professional management.

Related Links:

Toronto Star, “Texas Surgery Clinics Get TSX Push”

Yahoo Finance, “Capstone Announces Opening of Trading of the Largest Canadian IPO of 2007”

Houston Chronicle, “Listed in Toronto, Based in Houston”

1Note that Mr. Feldman no longer practices as a CPA and, as such, does not hold a current CPA license in either Ohio or Texas.

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