Capital Wealth Alliance, LLC (Scottsdale)


Capital Wealth Alliance, LLC is a large advisory firm based in Scottsdale. It manages $143.41 million of regulatory assets for 823 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Capital Wealth Alliance provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Capital Wealth Alliance: assets under management

The assets under management (AUM) of Capital Wealth Alliance, LLC is $143.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $143.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.25 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capital Wealth Alliance, LLC 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.

What kind of clients Capital Wealth Alliance serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Capital Wealth Alliance is individuals with 282 clients and $75.75 million of assets under management. Among the 12 most similar advisory firms, Capital Wealth Alliance has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $143.41 million for 304 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.

Capital Wealth Alliance doesn't advise any private funds.

Careers at Capital Wealth Alliance, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brent Michael Carman Managing member 1 Jul 2018 25% - 50% 4809579
Robert Douglas Wong Managing member/ chief compliance officer 1 Jul 2018 25% - 50% 2508357
Richard Gary Merican Managing member 1 Jul 2018 25% - 50% 2403377
Curtis Lee Smith Managing member 1 Jul 2018 25% - 50% 4760520

Based in Scottsdale

The principal office where Capital Wealth Alliance, LLC performs its advisory services is located at 17015 North Scottsdale Road, Scottsdale, AZ 85255, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 480-948-7590 or by fax 480-948-6998. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at capitalwealthalliance.com.