Capfinancial Partners, LLC (Raleigh)

Name: Capfinancial Partners, LLC
Address: 4208 Six Forks Rd, Raleigh, NC, 27609
Telephone: 919-870-6822

Capfinancial Partners, LLC is a large advisory firm based in Raleigh. It manages $289.65 billion of regulatory assets for 19,209 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Capfinancial Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capfinancial Partners: assets under management

The assets under management (AUM) of Capfinancial Partners, LLC is $289.65 billion. The firm's AUM has grown by 18969% since the beginning of its operation, and $19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $30.05 billion in discretionary accounts and $259.61 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.33 million.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is other assets, which make up 37% of the firm’s portfolio. Investments in pooled investment vehicles form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capfinancial Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Capfinancial Partners serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Capfinancial Partners is pension and profit sharing plans with 2,476 clients and $253.07 billion of assets under management. Among the 9 most similar advisory firms, Capfinancial Partners has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $281.26 billion for 8,225 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Capfinancial Partners also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Capfinancial Partners, LLC

The company employs 515 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 200 employees are registered as investment adviser representatives with the state securities authorities.

There are 10 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Kevin Daniel Barry joined the executive team most recently as the Chief Investment Officer, Consulting Research Group.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Fielding Miller	Chief executive officer	1 Feb 2003	Other	1587301
Richmond Gilbert Iii Bernhardt	Svp	1 Feb 2003	Other	4360799
David Brien Perkins	Managing partner	1 Feb 2003	Other	1824251
Michael David Strother	Cfo/chief compliance officer	1 Feb 2003	Other	2457427
Edwin Archibald Jr Dalrymple	Managing principal	1 Feb 2003	Other	728992
Perkins & Associates Inc. Miller	Owner	1 Feb 2003	75% - 100%	56-2044915
John Edmund Russell Appleby	Vp	1 Feb 2003	Other	2994861
Inc. The Capfinancial Group	Member	1 Nov 2003	75% - 100%	56-2044915
Inc Capfinancial Group	Owner	1 Nov 2003	75% - 100%	56-2044915
Inc The Capfinancial Group	Owner	1 Nov 2003	75% - 100%	56-2044915
Michael David Strother	Finop	1 Aug 2007	Other	2457427
Denise Mcgee Buchanan	Chief compliance officer/finop	1 Aug 2007	Other	1284353
Constance Lynn Dixon	Managing director, finop	1 Jan 2009	Other	5289857
John Edmund Russell Appleby	Managing director, project mgt & acquisitions/crop/srop	1 Dec 2009	Other	2994861
Wilson Smith Hoyle	Managing director, head of advisor support group	1 Dec 2009	Other	2444392
Denise Mcgee Buchanan	Chief compliance officer/senior director	1 Dec 2009	Other	1284353
Eric James Freedman	Chief investment officer, head of consulting research group	1 Dec 2009	Other	3271899
Derick Don Shoff	Managing director, advisor support group	1 Dec 2009	Other	1140640
Patrick Steven Sallee	Crop/srop	1 Dec 2009	Other	3272584
Constance Lynn Dixon	Finop/director of finance	1 Dec 2009	Other	5289857
Wilson Smith Iii Hoyle	Managing director, advisor support group	1 Dec 2009	Other	2444392
Benjamin Stuart Goldstein	Chief operations officer, head of business operations group	1 Apr 2010	Other	1613111
Patrick Steven Sallee	Finop/crop/srop	1 Sep 2010	Other	3272584
Bonnie Annette Mccullough	Chief financial officer/senior director	1 Feb 2012	Other	5509022
Michael David Strother	Senior director, advisor support group	1 Jul 2013	Other	2457427
Llc The Capfinancial Group	Member	1 May 2015	75% - 100%	47-4009638
Kevin Daniel Barry	Chief investment officer, consulting research group	1 Apr 2017	Other	1522905
Scott Thomas Matheson	Managing director, consulting solutions group	1 Apr 2017	Other	4992054

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Fielding Miller	President	1 Oct 1997	75% - 100%	1587301
David Brien Perkins	Owner	1 Oct 1997	50% - 75%	1824251
David Brien Perkins	Shareholder	1 Dec 2006	25% - 50%	1824251
James Fielding Miller	Chairman, ceo, president	1 May 2015	25% - 50%	1587301
Inc. Capfinancial Holdings	Member	1 May 2015	75% - 100%	47-3999131
Wilson Smith Hoyle	Manager	1 May 2015	Other	2444392
Robert G Solomon	Manager	1 May 2015	Other	6509498

Based in Raleigh

The principal office where Capfinancial Partners, LLC performs its advisory services is located at 4208 Six Forks Rd, Raleigh, NC 27609, which is also the mailing address of the firm. An additional office of the firm is in San Ramon, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-870-6822 or by fax 919-870-8891. The normal business hours are m-thu 830-530, fri 830-4 on Monday - Friday. You can find more information about the New York firm at captrust401k.com and its LinkedIn profile.