Capital Advisors, Inc. is a fee-only firm headquartered in Tulsa, Oklahoma. The financial advisor currently has more than $2 billion assets under management (AUM) with more than 1,500 clients. The firm manages money for both individual and institutional clients.
Capital Advisors Background
Capital Advisors was founded in 1978 as an investment advisory firm. The firm is owned by Keith Goddard, G. Brown and Lorine A. Smith. It’s based in Oklahoma, but it has additional offices in other locations, including Texas, Alabama and Nevada. The firm primarily offers portfolio management to individuals, small businesses, investment companies, businesses and other institutional clients.
What Types of Clients Does Capital Advisors Accept?
The firm offers services to non-high-net-worth and high-net-worth individuals, institutions, pension and profit sharing plans, charitable organizations, investment companies, corporations and other business entities.
Capital Advisors Minimum Account Sizes
For investment advisory services, Capital Advisors generally requires a $250,000 minimum account size, but this fee may be waived. The account minimum for wrap programs may also be waived, but the exact minimum isn’t specified. In some cases, Capital Advisors may group together certain client accounts to achieve the minimum account value. In addition, the fee schedules may differ for clients with similar assets.
Services Offered by Capital Advisors
Capital Advisors provides a range of wealth management services to individual and institutional clients. The firm additionally works to close the gender gap in the investment industry through its educational program, Women Investment Strategy and Education (WSE). But along with wealth management, education and financial planning, Capital Advisors also implements several investment strategies.
Its services and strategies include:
- Financial planning
- Social Security maximization
- Net worth calculator
- Retirement plan contributions
- Roth conversions
- Education planning
- Required minimum distribution (RMD) strategies
- Net Unrealized Appreciation (NUA)
- 72(t) Distributions
- Inherited/beneficiary IRA required minimum distribution (RMD) strategies
- Investment strategies
- Fundamental strategies
- Tactical strategies
- Portfolio management
Capital Advisors believes in transparency when it comes to client-to-advisor interaction. The firm structures its investment approach to meet each client’s specific needs, and it may use a variety of strategies to reduce risk where possible. In addition, Capital Advisor primarily employs fixed income strategies, individual stock strategies and tactical exchange-traded fund (ETF) strategies to identify both risks and opportunities in the market. The firm says that each strategy can either be used to complement another, or to stand on its own. Capital Advisors also tailors its approach to each client’s investment objectives and risk tolerance. The firm uses individual teams that work to enhance client peace-of mind and build customized portfolios. These include the research team, the portfolio strategy team and the financial planning team.
Some of the firm’s other investment strategies include: managed equity strategy, fixed income strategy, global equity strategy, global asset allocation strategy and the international equity strategy. Additionally, the firm says it values the client experience and believes in active management and portfolio customization. Capital Advisors says it also sends clients notes about trades and market conditions during risky or volatile periods.
Fees Under Capital Advisors
For investment advisory services associated with internal investment strategies, Capital Advisors generally charges an annual rate of 1.00% on the daily market value of AUM. This fee can be paid quarterly in arrears. For financial planning services, the firm establishes its fees through a financial planning agreement. Capital Advisors provides clients with an estimate of a $2,500 base rate plus an additional $200 per hour for a plan that requires more than 10 hours of completion. The firm may charge a flat rate of $1,200 once the plan is established, and clients must pay the balance once the financial plan is complete. However, the firm may also reduce or waive fees for financial planning services depending on certain client circumstances. Capital Advisors also participates in wrap fee programs, and the advisory fee, which is negotiable, is a percentage based on AUM, including cash holdings.
A client’s written agreement with Capital Advisors will determine how their fees are charged, but Capital Advisors primarily calculates fees quarterly. In addition, clients may also ask to have fees directly debited from their accounts, or to be invoiced directly for the payments.
What to Watch Out For
There isn’t much to be wary of when it comes to Capital Advisors. The firm doesn’t have any criminal or regulatory action disclosures, and it serves as a fiduciary to its clients.
Capital Advisors doesn’t have any disclosures, according to its most recent Form ADV.
Opening an Account With Capital Advisors
If you’re interested in opening an account with Capital Advisors, you can either contact any of the firm’s office locations, or you can visit in person. The firm’s headquarters number is (866) 230-5879.
Where Is Capital Advisors Located?
Capital Advisors is headquartered in Tulsa, Oklahoma at 2222 South Utica Place. The firm also has offices in Austin, Birmingham, Dallas, Houston and Las Vegas.
Tips for Saving for Retirement
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All information was accurate as of the writing of this article.