Modern Capital Advisors, LLC

CRD#131117
Investment Advisor Firm

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Learn more about Modern Capital Advisors, LLC

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

    • Overview

    Modern Capital Advisors, LLC operates as an advisory company based in Raleigh, North Carolina. It oversees $171.8 million in total assets throughout 1,281 accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). The company has an average-sized group, including 38 financial advisors. Modern Capital Advisors, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as stocks, options and bonds.

    Modern Capital Advisors, LLC oversees most of the firm's client assets in a discretionary manner. Discretionary management means that transaction decisions are made by a portfolio manager without requiring the client's permission. Modern Capital Advisors, LLC also oversees 62 non-discretionary accounts totaling $7.3 million in assets under management. Modern Capital Advisors, LLC's average account size is $134,101. The typical financial advisor at Modern Capital Advisors, LLC oversees around 34 client accounts, making it about average in terms of personalization.

    The company's headquarters is at 7000 Six Forks Rd, Raleigh, North Carolina 27615. The company is legally registered to provide services to clients throughout 36 U.S. states and territories.

    Assets Under Management

    $171.8 million

    Number of Advisors

    38

    Disclosures

    No

    Office Location

    7000 Six Forks Rd
    Raleigh, NC 27615

    Modern Capital Advisors, LLC by the Numbers

    Total Assets Under Management

    $171.8 million

    National Average: $8.6 billion
    Total Number of Employees

    42

    National Average: 64
    Total Number of Accounts

    1,281

    National Average: 375,227
    Average Account Size

    $134.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Modern Capital Advisors, LLC provides a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, the firm provided 51-100 of its clients with financial planning services. Modern Capital Advisors, LLC is not involved in selling products or offering services other than investment advisory services to its investment advisory clients. The company is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, accountant or accounting firm and real estate broker or dealer.

    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.

    • Find a firm that offers this service

      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 are based on which services the firm provides the client. Fees charged by Modern Capital Advisors, LLC likely are comprised of some combination of the following fee types: asset-based, hourly, fixed or other. Modern Capital Advisors, LLC does not supply a wrap fee program, in which the company offers a service bundle 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.

    • 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 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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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 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.

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    Types of Clients

    Modern Capital Advisors, LLC works with retail investors and high net worth investors. Out of its 1,281 accounts, Modern Capital Advisors, LLC's biggest client group is retail investors, though it also serves 28 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 2.19%
    • Other Individuals - 97.81%
    • Corporations - 0%
    • 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

    Modern Capital Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Modern Capital Advisors, LLC

    Nancy Ciaccio
    Norwalk, CT
    Kristof Wild
    Raleigh, NC
    Daniel Shanahan
    Raleigh, NC
    Matthew Drummond
    Raleigh, NC
    James Fulton
    Knox, PA
    Samuel Weiss
    Raleigh, NC
    Mark Axmacher
    Raleigh, NC
    Marc Gueriera
    Philadelphia, PA
    Dean Wells
    Raleigh, NC

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