Delegate Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year. The firm advises 1 private fund.
Delegate Advisors reports 51 clients. They include 42 high-net-worth individuals, 6 insurance companies, and 2 corporations and other businesses. Of its assets, 43.3% ($742M across 562 accounts) are managed with discretion; $972M across 769 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 82% | 82% |
| Pooled investment vehicles | 2% | <1% |
| Insurance companies | 12% | 8% |
| Corporations and other businesses | 4% | 10% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 42 | $1.41B | 82.1% | $33.5M |
| Pooled investment vehicles | 1 | $1.5M | 0.1% | $1.5M |
| Insurance companies | 6 | $130M | 7.6% | $21.6M |
| Corporations and other businesses | 2 | $176M | 10.3% | $88.1M |
| Total | 51 | $1.71B | 100% | $33.6M |
- Clients
- 42
- Regulatory AUM
- $1.41B
- AUM share
- 82.1%
- Avg. per client
- $33.5M
- Clients
- 1
- Regulatory AUM
- $1.5M
- AUM share
- 0.1%
- Avg. per client
- $1.5M
- Clients
- 6
- Regulatory AUM
- $130M
- AUM share
- 7.6%
- Avg. per client
- $21.6M
- Clients
- 2
- Regulatory AUM
- $176M
- AUM share
- 10.3%
- Avg. per client
- $88.1M
Total
- Clients
- 51
- Regulatory AUM
- $1.71B
- AUM share
- 100%
- Avg. per client
- $33.6M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 26–50
Delegate Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Alpha 27, LLC owns 50% to 75% of Delegate Advisors and is in turn owned by Andrew Hart (75% or more). The leadership team of Delegate Advisors includes President Benjamin Thompson and Chief Compliance Officer Carolyn Ovaitt. It has 13 employees.
Leadership
- Benjamin ThompsonPresident, CIO
- Carolyn OvaittChief Compliance Officer
- Benjamin AllisonDirector of Portfolio Management
- Andrew HartMember - Advisory (Series C Units)
- James PowersDirector of Investment Research
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Andrew Dimmitt Hart
Staff
- 13 employees
- 13 in advisory functions
- 1 broker-dealer rep
- 1 soliciting firm
- Owns 50% to 75% of Delegate Advisors, LLC
Alpha 27, LLC
since January 2023
- Owns 75% or more of Alpha 27, LLC
Andrew Hart
since January 2023
- Owns 10% to 25% of Delegate Advisors, LLC
Benjamin Allison
Control person · since January 2013
- Owns 5% to 10% of Delegate Advisors, LLC
James Powers
Control person · since November 2023
- Owns 5% to 10% of Delegate Advisors, LLC
Spottail LLC
since January 2023
- Owns 5% to 10% of Delegate Advisors, LLC
Benjamin Thompson
Control person · since January 2022
Delegate Advisors’ regulatory assets grew 1.9× from $883M (March 2021) to $1.71B (March 2026); clients rose from 27 to 51 and employees from 11 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.71B | 51 | 13 | 3 |
| March 2025 | $1.46B | 44 | 13 | 3 |
| March 2024 | $1.03B | 38 | 13 | 4 |
| March 2023 | $902M | 41 | 12 | 3 |
| March 2022 | $947M | 37 | 11 | 3 |
| March 2021 | $883M | 27 | 11 | 2 |
Besides its headquarters, Delegate Advisors has 2 offices (2 private residences, listed without an address), with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 101 Glen Lennox Drive, Suite 150, Chapel HillHQ
Contact and registration details
- Legal name
- Delegate Advisors, LLC
- Headquarters
- 101 Glen Lennox Drive, Suite 150, Chapel Hill, NC 27517-8834
- Website
- delegateadvisors.com
- Phone
- 919-932-8400
- @delegate-advisors
- SEC file
- 801-72996
- Structure
- Delaware LLC
- Fiscal year end
- December
Delegate Advisors uses Fidelity ($812M) as custodian for its separately managed accounts. Delegate Advisors has custody of $678M in client assets for 50 clients.
- FidelityNational Financial Services LLC · Boston, MA · $812M100%
At year end, Delegate Advisors’ separately managed accounts were mostly in funds (58%) and stocks (15%).
What the accounts hold
- Stocks15%
- Funds58%
- Pooled vehicles36%
- Registered funds22%
- Bonds11%
- U.S. government and agency bonds8%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash8%
- Other8%
- This category consists of items such as private real estate (not in pooled vehicles), insurance policies, and private loans.8%
How many clients does Delegate Advisors have?
Delegate Advisors has 51 clients and manages $1.71 billion for them, as of March 2026. They include 42 high-net-worth individuals, 6 insurance companies, and 2 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Delegate Advisors offer?
Delegate Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Delegate Advisors use?
Delegate Advisors’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $812M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Delegate Advisors have?
Delegate Advisors has 0 investment adviser representatives registered with state securities authorities, out of 13 employees, and 13 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees 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 Delegate Advisors invest in?
At the end of its last fiscal year, Delegate Advisors’ separately managed accounts held 36% pooled vehicles (private funds and similar), 22% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 8% U.S. government and agency bonds, 8% cash and equivalents, 8% other, 2% state and local bonds and 1% investment grade corporate bonds. The 8% other category is described as: This Category Consists of Items Such As Private Real Estate (Not in Pooled Vehicles), Insurance Policies, and Private Loans. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Delegate Advisors?
Delegate Advisors is owned through a holding company by Andrew Hart. Its direct owners are James Powers (5% to 10%), Alpha 27, LLC (50% to 75%), Spottail LLC (5% to 10%), Benjamin Thompson (5% to 10%) and Benjamin Allison (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Delegate Advisors get paid?
Delegate Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Delegate Advisors registered with the SEC?
Yes, Delegate Advisors has been registered with the SEC as an investment adviser since 12 January 2012. Its CRD number is 159953 and its SEC file number is 801-72996.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Delegate Advisors?
Delegate Advisors’ main office is at 101 Glen Lennox Drive, Suite 150, Chapel Hill, NC 27517-8834. Its phone number is 919-932-8400. Its website is delegateadvisors.com.