Destra Capital Advisors LLC

CRD#148574
Investment Advisor Firm

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Learn more about Destra Capital Advisors LLC

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

    • Overview

    Destra Capital Advisors LLC operates as a financial advisor firm based in Bozeman, Montana. It controls $188.0 million in assets over three client accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Destra Capital Advisors LLC has a small group, including 13 financial advisors. Destra Capital Advisors LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets such as stocks, options and bonds.

    Destra Capital Advisors LLC oversees all of its accounts in a discretionary manner. Discretionary management means that transaction decisions are made by a portfolio manager without requiring the customer's approval. The company's average account size is $62.7 million. The typical advisor at Destra Capital Advisors LLC oversees fewer than one client account, making it one of the most individualized firms in the country.

    Destra Capital Advisors LLC's main office is located at 443 N. Willson Avenue, Bozeman, Montana 59715. The company is registered to serve investors throughout 12 U.S. states and territories.

    Assets Under Management

    $188.0 million

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    443 N. Willson Avenue
    Bozeman, MT 59715

    Destra Capital Advisors LLC by the Numbers

    Total Assets Under Management

    $188.0 million

    National Average: $8.6 billion
    Total Number of Employees

    13

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $62.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors typically are based on the financial services offered. However, fees charged by the company typically consist of the following fee structure: asset-based. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive 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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 26% of firms that offer this fee type

      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.

    • 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 32% of firms that offer this fee type

      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.

    • 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

    Destra Capital Advisors LLC provides services to investment companies. Out of its three accounts, Destra Capital Advisors LLC's biggest client type is investment companies. None of its accounts are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * 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

    Destra Capital Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Destra Capital Advisors LLC

    Thomas Benton
    Carlsbad, CA
    Daniel Watnee
    Bozeman, MT
    Kenneth Merritt
    Bozeman, MT
    David Tabone
    Chesterbrook, PA
    Rosa Valencia
    Bozeman, MT
    Eric Haines
    Denver, CO
    Robert Watson
    Bozeman, MT
    James Yount
    Bozeman, MT
    Jacob Schultz
    Bozeman, MT

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