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Captrust Financial Advisors Review

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CAPTRUST Financial Advisors

CAPTRUST is a fee-based advisor managing more than $289 billion in assets. The firm, based in Raleigh, North Carolina, has nearly 6,000 individual clients, around 30% of whom are high-net-worth individuals. There is also a substantial number of institutional clients at the firm. 

CAPTRUST offers both wrap-fee services and non-wrap-fee services, meaning the client can choose whether to pay one price for both investment advice and the cost of execution or to pay a fee for investment advice and pay all of the execution costs, such as brokerage fees, separately. 

While the firm is not a broker-dealer itself, it is related by common ownership to CapFinancial Securities LLC, a registered broker-dealer. 

CAPTRUST Financial Advisors Background

CAPTRUST was founded in 2003. The CapFinancial Group, LLC, a company registered in North Carolina, owns just under 100% of the firm. CapFinancial Holdings is the majority owner of The CapFinancial Group. James Fielding Miller, the CEO of CAPTRUST, owns 40% of CapFinancial Holdings.

What Types of Clients Does CAPTRUST Financial Advisors Accept?

Most of the clients at CAPTRUST are individuals. There are around 3,500 non-high-net-worth clients and around 1,900 high-net-worth clients.

Institutional clients at the firm include banking or thrift institutions, pension and profit-sharing plans, state or municipal government entities, insurance companies and corporations. 

CAPTRUST Financial Advisors Minimum Account Sizes

The minimum account size to open an account at CAPTRUST is $50,000. This is not the minimum to maintain an account -- it is fine if the value of your account dips below that amount due to market fluctuations. 

Services Offered by CAPTRUST Financial Advisors

CAPTRUST offers a number of services to clients, including:

  • Investment advisory services
  • Establishment of investment objectives
  • Asset allocation analysis
  • Investment manager selection
  • Mutual fund evaluation
  • Ongoing investment manager/mutual fund due diligence
  • Ongoing quarterly performance measurement
  • Financial planning
  • Estate planning
  • Tax review
  • Insurance review
  • Charitable giving strategies

Investment Philosophy

CAPTRUST uses both a risk-based approach and an outcome-based approach to asset allocation. There are a number of model portfolios available, using asset classes including U.S. equities, fixed income, strategic opportunities, commodities and real estate. 

The outcomes-based models are as follows:

  • Capital preservation
  • Fixed income
  • Income
  • Core opportunities
  • Conservative growth
  • Moderate growth
  • Aggressive growth
  • All equity

The following managed account portfolios are risk-based models:

  • Income
  • Conservative
  • Moderate
  • Growth
  • Aggressive

Fees Under CAPTRUST Financial Advisors

CAPTRUST offers its services both with and without a wrap fee. If you opt to use a wrap fee, one fee covers all costs, including execution costs, such as brokerage fees. If you don’t, you’ll also be responsible for those fees.

The fee schedule without a wrap fee is as follows:

$0-$500,000 2.25%
$500,001-$1,000,000 2.00%
$1,000,001-$2,000,000 1.75%
$2,000,001-$5,000,000 1.25%
Over $5,000,001 1.00%

The following are the fee schedules for CAPTRUST’s various wrap fee programs:

Separately Managed Accounts: Fixed Income

Assets Under Management Manager and Platform Fee Minimum Manager and Platform Fee Maximum CAPTRUST Maximum Fee
First $1 million 0.35% 0.65% Up to 2.25%
Next $4 million 0.25% 0.55% Up to 1.75%
Over $5 million 0.20% 0.50% Up to 1.25%

Separately Managed Accounts: Equity

Assets Under Management Manager and Platform Fee Minimum Manager and Platform Fee Maximum CAPTRUST Maximum Fee
First $1 million 0.60% 1.00% Up to 2.25%
Next $4 million 0.45% 0.85% Up to 1.75%
Over $5 million 0.40% 0.80% Up to 1.25%

Portfolio Managed Accounts

Assets Under Management Maximum Fee Rate
First $1 million Up to 2.25%
Next $4 million Up to 1.75%
Over $5 million Up to 1.25%

 

What to Watch Out For

As noted above, CAPTRUST is sister companies with a broker-dealer, and many of its advisors also serve as broker-dealers. This means they can earn commissions for selling securities. Some advisors are also insurance agents and can earn commissions.

This presents a potential conflict of interest, as advisors may have a financial incentive to sell you securities or insurance products that will earn them a higher commission even if that is not the best choice for you. When acting as advisors, they are required to act in your best interest, but still be aware if an advisor who serves as a broker-dealer or insurance agent is looking to sell you a product.

Disclosures

There are no disclosures on CAPTRUST’s record in the past 10 years.

Where Is CAPTRUST Financial Advisors Located?

CAPTRUST’s headquarters are at 4208 Six Forks Road Suite 1700, Raleigh, North Carolina 27609. There are advisors located throughout the country, with a higher concentration on the East Coast.

Opening an Account With CAPTRUST Financial Advisors

To find a CAPTRUST Advisor, use the following Find an Advisor page.

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How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research