Carolinas Wealth Consulting LLC
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Overview
Carolinas Wealth Consulting LLC operates as a financial advisory firm that has its headquarters in Charlotte, North Carolina. Carolinas Wealth Consulting LLC handles $1.4 billion in total assets over 2,547 client accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). The firm has a small group, including 18 financial advisors. Carolinas Wealth Consulting LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like bonds, equities and options.
Carolinas Wealth Consulting LLC administers 1,932 of its client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction judgments for the client's account without requiring the client's consent. The firm also oversees 615 non-discretionary accounts with a total of $368.1 million in AUM. The firm oversees roughly $561,784 for each customer account. The typical financial advisor at Carolinas Wealth Consulting LLC administers about 142 client accounts.
Carolinas Wealth Consulting LLC's central office is at 5605 Carnegie Blvd. Suite 400, Charlotte, North Carolina 28209. It is allowed to serve clients across 13 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Carolinas Wealth Consulting LLC by the Numbers
$1.4 billion
20
2,547
$561.8 thousand
Products and Services
Carolinas Wealth Consulting LLC provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the past fiscal year, Carolinas Wealth Consulting LLC provided 251-500 of its clients with financial planning services. The company does not sell products or offer services apart from investment advisory services to its investment advisory customers. Carolinas Wealth Consulting LLC is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, accountant or accounting firm, lawyer or law firm and insurance company or agency.
Core Advisor Services
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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.
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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.
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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
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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.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely vary depending on the type of services provided. Fees charged by the firm can consist of any combination of the following fee structures: asset-based or fixed. The firm does participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It caters to retail investors, high net worth investors and corporations. Out of its 2,547 customers, Carolinas Wealth Consulting LLC's biggest client type by number of accounts is retail investors, though it also manages money for 292 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM 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 customers reside abroad.
- High-Net-Worth Individuals* - 46.28%
- Other Individuals - 52.46%
- Corporations - 1.27%
- 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
Carolinas Wealth Consulting LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Carolinas Wealth Consulting LLC
Charlotte, NC
Charlotte, NC
Charlotte, NC
Charlotte, NC
Charlotte, NC
Charlotte, NC
Charlotte, NC
Charlotte, NC
Charlotte, NC
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