Captrust

CRD#175112
Investment Advisor Firm

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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

Kristopher Byrd
Raleigh, NC
Kirk Futrell
Chesterton, IN
Michael Knowles
Raleigh, NC
Vivian Houchens
Raleigh, NC
Adam Powell
Clarkston, MI
Andrew Raggio
Raleigh, NC
Kathryn Mccall
Sacramento, CA
Errol Hau
Raleigh, NC
Timothy Irvin
New York, NY

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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