Delegate Advisors, LLC is a large advisory firm based in Chapel Hill. It manages $794.59 million of regulatory assets for 594 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and North Carolina.
Delegate Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Delegate Advisors, LLC is $794.59 million. The firm's AUM has gone down by -36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Delegate Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Delegate Advisors is high net worth individuals with 26 clients and $644.29 million of assets under management. Among the 11 most similar advisory firms, Delegate Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $794.59 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Delegate Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Delegate Advisors, LLC performs its advisory services is located at 1335 Environ Way, Chapel Hill, NC 27517 8834, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 919-932-8400 or by fax 919-932-8401. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at delegateadvisors.com/.