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Capfinancial Partners

SEC-registered adviser since 2003Raleigh, NCCRD 175112

$1236.7B
AUM
41,750
Clients
See fees
Fee
885
Advisory staff

From Form ADV filed 30 September 2026 · data retrieved 15 October 2026SEC record

Capfinancial Partners is an investment adviser headquartered in Raleigh, North Carolina, and registered with the SEC since 2003. Its clients include pension and profit-sharing plans, high-net-worth individuals, and state or municipal government entities. High-net-worth individuals account for 7% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, and educational seminars. Fee arrangements include a percentage of assets under management, hourly charges, fixed fees and performance-based fees. The Capfinancial Group, LLC owns 75% or more of Capfinancial Partners, and James Miller is its CEO.

Clients

Capfinancial Partners serves 41,750 clients, 18,154 of them high-net-worth individuals. The average client has about $30 million with the firm, and high-net-worth clients hold 7% of its $1236.7 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals18,154 clients7%
  • Pension and profit-sharing plans3,523 clients87%
  • Charitable organizations232 clients2%
  • State or municipal government entities49 clients3%
  • OtherIndividuals, Pooled investment vehicles, Insurance companies, Corporations and other businesses1%
Show client breakdown
Individuals (other than HNW)
Clients
19,698
Regulatory AUM
$6,609,218,504
Share
0.5%
Avg. per client
$336K
High-net-worth individuals
Clients
18,154
Regulatory AUM
$89,355,583,796
Share
7.2%
Avg. per client
$4.92M
Pooled investment vehicles
Clients
17
Regulatory AUM
$224,431,228
Share
0.0%
Avg. per client
$13.2M
Pension and profit-sharing plans
Clients
3,523
Regulatory AUM
$1,071,600,410,597
Share
86.6%
Avg. per client
$304.2M
Charitable organizations
Clients
232
Regulatory AUM
$25,076,916,036
Share
2.0%
Avg. per client
$108.1M
State or municipal government entities
Clients
49
Regulatory AUM
$36,546,135,626
Share
3.0%
Avg. per client
$745.8M
Insurance companies
Clients
10
Regulatory AUM
$1,382,914,861
Share
0.1%
Avg. per client
$138.3M
Corporations and other businesses
Clients
67
Regulatory AUM
$5,909,242,985
Share
0.5%
Avg. per client
$88.2M

Total

Clients
41,750
Regulatory AUM
$1,236,704,853,633
Share
100%
Avg. per client
$29.6M

What it does

Capfinancial Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars. It is paid through a percentage of assets, hourly charges, fixed fees and performance-based fees.

Capfinancial Partners provided financial planning to 2,500 clients last fiscal year and advises 17 private funds.

25.9% of assets ($320.18B across 128,474 accounts) are managed with discretion; $916.53B across 18,303 accounts are not. $8.31B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks14%
  • Funds65%
    • Registered funds48%
    • Pooled vehicles17%
  • Cash3%
  • Other18%
    • Insurance contracts such as general account, group annuity, insurance separate accounts, variable contracts.18%

Custodians

Capfinancial Partners has custody of client assets.

Managed account assets by custodian
  • All other custodians$1236.70B100%

Ownership and leadership

The Capfinancial Group, LLC owns 75% or more of Capfinancial Partners, and James Miller is its CEO.

Who owns the firm
Capfinancial Partners, LLC· the adviser

  • The Capfinancial Group, LLC

    Control person · since May 2015

    Owns 75% or more of Capfinancial Partners, LLC

Leadership

  • James Miller
    Chief Executive Officer
  • Benjamin Goldstein
    President
  • Robert Miller
    Chief Financial Officer
  • Ann Leddy
    Chief Compliance Officer
  • Karen Denise
    Senior Director
  • Wilson Hoyle
    Managing Director
  • Christina Markell-Balleza
    Managing Director, General Counsel
  • Scott Matheson
    Managing Director
  • Jonathan Meyer
    Chief Technology Officer
  • Andrew Raggio
    Senior Director, Head of Trading
  • Katelyn Sampson
    Chief Human Resources Officer
  • Derick Shoff
    Managing Director
  • Michael Vogelzang
    Managing Director, Chief Investment Officer
  • Edward Welch
    Managing Director
  • Michael Wunderli
    Managing Director

Staff

  • 1,841 employees
  • 885 in advisory functions
  • 885 state-registered reps
  • 422 broker-dealer reps
  • 181 insurance agents
  • 25 soliciting firms

Reported holdings

Capfinancial Partners’ reported 13F holdings total $65.48B across 3,274 positions, and the ten largest make up 26.8% of it.

$65.48B
Reported 13F value
3,274
Positions
26.8%
In the 10 largest
+14.3%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. iShares Core S&P 500 ETFETF5.3%
  2. Apple Inc.3.6%
  3. Vanguard FTSE Developed Markets ETFETF3.3%
  4. Nvidia Corporation2.7%
  5. iShares 1-3 Year Treasury Bond ETFETF2.6%
  6. Vanguard ValueETF2.3%
  7. Microsoft Corp.2.1%
  8. Alphabet Inc. Cap Stk CL A1.9%
  9. iShares Core MSCI Total International Stock ETFETF1.6%
  10. Amazon Com Inc.1.4%

Together, the ten largest are 26.8% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $65.48B is not its $1236.70B in regulatory assets and does not represent any individual client's portfolio.

Fees

Capfinancial Partners is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and performance-based fees.

Capfinancial Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Capfinancial Partners has 96 offices, with 26 listed addresses across 18 states.

Listed office addresses by state

North Carolina · 3 listed addresses

  • 4208 Six Forks RD, Suite 1700, RaleighHQ
  • 5605 Carnegie BLVD., Charlotte
  • 5535 Currituck Drive, Suite 110, Wilmington

Other business names

Capfinancial Partners has reported 8 other business names to the SEC.

  • 1776 Advisor Group
  • Captrust
  • Captrust Financial Advisors
  • Compass Advisory Group LLC
  • Family Office Risk Advisors
  • Long Island Wealth Management
  • Strategic Advisor Group
  • Triange Retirement Solutions

Registration details

Legal name
Capfinancial Partners, LLC
Headquarters
4208 Six Forks RD, Suite 1700, Raleigh, NC 27609
Phone
919-870-6822
Website
Not reported
SEC file
801-62193
Structure
North Carolina LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Capfinancial Partners have?

Capfinancial Partners has 41,750 clients and manages $1236.7 billion for them, as of September 2026. They include 19,698 other individuals, 18,154 high-net-worth individuals and 3,523 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026

What services does Capfinancial Partners offer?

Capfinancial Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Capfinancial Partners have?

Capfinancial Partners has 885 investment adviser representatives registered with state securities authorities, out of 1,841 employees, and 885 perform investment advisory functions. 422 are registered representatives of a broker-dealer and 181 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Capfinancial Partners invest in?

At the end of its last fiscal year, Capfinancial Partners’ separately managed accounts held 48% registered funds (mutual funds, ETFs, BDCs), 18% insurance contracts such as general account, group annuity, insurance separate accounts, variable contracts., 17% pooled vehicles (private funds and similar), 14% exchange-traded equities and 3% cash and equivalents. It advises 17 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Capfinancial Partners?

Capfinancial Partners is owned through a chain of holding companies by James Miller and GTCR Fund Xii/B LP. Its direct owner is the Capfinancial Group, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026

How does Capfinancial Partners get paid?

Capfinancial Partners is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 175112.
  3. Form 13F-HR, filed 13 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Capfinancial Partners, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.