Captrust

CRD#175112
Investment Advisor Firm

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Learn more about Captrust

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Captrust operates as a financial advisory firm based in Raleigh, North Carolina. The firm has $714.6 billion in assets under management over 76,254 accounts, placing it among the biggest financial advisory firms in the country by assets under management (AUM). The firm has a very large team, including 607 financial advisors. Captrust does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets like equities, bonds and options.

    Captrust administers more than half of the company's client assets on a discretionary basis. Discretionary management means that transaction judgments are made by a portfolio manager without requiring client consent. Captrust also has 9,604 non-discretionary accounts totaling $599.0 billion in assets. The investment advisory firm supervises about $9.4 million in assets for every account. The average advisor at Captrust oversees about 126 client accounts.

    The company's central office is located at 4208 Six Forks Rd, Raleigh, North Carolina 27609. It is permitted to serve clients throughout 51 U.S. states and territories.

    Assets Under Management

    $714.6 billion

    Number of Advisors

    607

    Disclosures

    No

    Office Location

    4208 Six Forks Rd
    Raleigh, NC 27609

    Captrust by the Numbers

    Total Assets Under Management

    $714.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,338

    National Average: 64
    Total Number of Accounts

    76,254

    National Average: 375,227
    Average Account Size

    $9.4 million

    National Average: $23.0 thousand
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    Products and Services

    Captrust offers a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and publication of newsletters. In the last fiscal year, Captrust provided 1500 of its accounts with financial planning services. The firm is involved in selling products or offering services different than investment advice to its customers. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, accountant or accounting firm, insurance company or agency and pension consultant.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors largely vary depending on which services are provided. Fees billed by Captrust most likely include any blend of the following fee structures: asset-based, hourly, fixed or performance-based. Captrust participates in a wrap fee program, in which the company offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm works with a broad range of clients. It provides services to retail investors, high net worth investors, banking institutions, investment companies, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 76,254 clients, Captrust's biggest client is retail investors, but it also caters to 8,308 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 33.12%
    • Other Individuals - 54.4%
    • Corporations - 11.93%
    • Charitable Organizations - 0.54%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Captrust does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Captrust

    Carol Romney
    Phoenix, AZ
    James Valmonte
    Raleigh, NC
    Kim Huppertz
    Clarkston, MI
    Vivian Houchens
    Raleigh, NC
    John Young
    Raleigh, NC
    Scott Mulvaney
    Harleysville, PA
    Christopher Riley
    Wilmington, NC
    Eric Benedict
    Raleigh, NC
    Kristopher Byrd
    Raleigh, NC

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