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 is located at 7780 Brier Creek Parkway, Raleigh, NC. The firm employs 24 financial advisors to manage client portfolios and provide financial guidance. Modern Capital Advisors, LLC is a registered broker-dealer.

    Modern Capital Advisors, LLC oversees $285.4 million in assets under management across 1,561 accounts, of which 1,528 are discretionary and 33 are non-discretionary. Over the past year, the firm has provided financial planning services to between 51 and 100 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at Modern Capital Advisors, LLC includes asset-based, hourly, fixed, and other fees. The firm has 33 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, an accountant or accounting firm, and a real estate broker or dealer.

    Modern Capital Advisors, LLC is registered in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, and Washington.

    Assets Under Management

    $285.4 million

    Number of Advisors

    24

    Disclosures

    No

    Office Location

    7780 Brier Creek Parkway
    Raleigh, NC 27617

    Modern Capital Advisors, LLC by the Numbers

    Total Assets Under Management

    $285.4 million

    National Average: $8.6 billion
    Total Number of Employees

    30

    National Average: 64
    Total Number of Accounts

    1,561

    National Average: 375,227
    Average Account Size

    $182.8 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 financial year, Modern Capital Advisors, LLC provided financial planning services to 51-100 of its clients. The Company does not sell products or offer services other than investment advice to its investment advisory clients.

    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 for financial advice typically vary depending on which service is offered. Fees charged by Modern Capital Advisors, LLC most likely include any combination of the following fee types: asset-based, hourly, fixed, or other.

    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

    The company works with retail investors and high net worth investors. Out of its 2 clients, Modern Capital Advisors, LLC's biggest client type by number of accounts is retail investors, though it also serves 33 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 2.11%
    • Other Individuals - 97.89%
    • 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

    Yupeng Fu
    Raleigh, NC
    Dhrumil Parikh
    Raleigh, NC
    Ronald Nalven
    Raleigh, NC
    Daniel Shanahan
    Raleigh, NC
    Matthew Drummond
    Raleigh, NC
    James Fulton
    Knox, PA
    Samuel Weiss
    Raleigh, NC
    John Pineman
    Highlands Ranch, CO
    Dean Wells
    Raleigh, NC

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