Whitener Capital Management, Inc is a large advisory firm based in Rocky Mount. It manages $220.5 million of regulatory assets for 941 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 6 other states.
Whitener Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Whitener Capital Management, Inc is $220.5 million. The firm's AUM has grown by 120% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Whitener Capital Management, Inc for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Lee Sanford is high net worth individuals with 62 clients and $111.61 million of assets under management. Among the 10 most similar advisory firms, Whitener Capital Management has the 3rd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $205.09 million for 458 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.
Whitener Capital Management doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Richard Lee Sanford has been acting as President since 1 Dec 2009. Carolyn L. Whitener joined the executive team most recently as the Shareholder.
The principal office where Whitener Capital Management, Inc performs its advisory services is located at 105 Candlewood Road, Rocky Mount, NC 27804 The mailing address of the firm is P.O. Box 7743, Rocky Mount, NC 27804. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 252-972-8908 or by fax 252-972-7793. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at whitenercapital.com/.