{"url":"https://nivawealth.com/firms/delegate-advisors-159953","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/159953","regulatoryAum":1713891105,"crd":"159953","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1585970","suffix":null,"lastName":"HART","firstName":"ANDREW","middleName":"DIMMITT"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":882973690,"clients":27,"employees":11,"offices":2},{"filedOn":"2022-03-28","regulatoryAum":946705228,"clients":37,"employees":11,"offices":3},{"filedOn":"2023-03-28","regulatoryAum":902440106,"clients":41,"employees":12,"offices":3},{"filedOn":"2024-03-29","regulatoryAum":1032235244,"clients":38,"employees":13,"offices":4},{"filedOn":"2025-03-25","regulatoryAum":1462660920,"clients":44,"employees":13,"offices":3},{"filedOn":"2026-03-25","regulatoryAum":1713891105,"clients":51,"employees":13,"offices":3}],"secFileNumber":"801-72996","legalName":"Delegate Advisors, LLC","displayName":"Delegate Advisors","slug":"delegate-advisors-159953","website":"https://delegateadvisors.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/delegate-advisors/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"101 Glen Lennox Drive, Suite 150","city":"Chapel Hill","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"27517-8834"},"tradeNames":[],"registration":{"secApproved":"12 January 2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":33490677.19047619,"staff":{"employees":13,"advisory":13,"brokerDealerReps":1,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":1713891105,"discretionary":742277514,"discretionaryAccounts":562,"nonDiscretionary":971613591,"nonDiscretionaryAccounts":769,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":42,"regulatoryAum":1406608442},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":1504881},{"label":"Insurance companies","clients":6,"regulatoryAum":129611528},{"label":"Corporations and other businesses","clients":2,"regulatoryAum":176166254}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T04:59:28.449691+00:00","documents":[{"name":"DELEGATE ADVISORS FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026142","versionId":1026142,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":812219586}],"custodyNote":"Delegate Advisors has custody of $678M in client assets for 50 clients.","leadership":[{"name":"Benjamin Thompson","title":"President, CIO","crd":"2486114"},{"name":"Carolyn Ovaitt","title":"Chief Compliance Officer","crd":"7829677"},{"name":"Benjamin Allison","title":"Director of Portfolio Management","crd":"7894142"},{"name":"Andrew Hart","title":"Member - Advisory (Series C Units)","crd":"1585970"},{"name":"James Powers","title":"Director of Investment Research","crd":"6822195"}],"ownership":[{"label":"James Powers","detail":"Director of investment research in the 5% to 10% ownership band and a control person, since November 2023."},{"label":"Alpha 27, LLC","detail":"Member, series c unit holder in the 50% to 75% ownership band, since January 2023."},{"label":"Spottail LLC","detail":"Member, series c unit holder in the 5% to 10% ownership band, since January 2023."},{"label":"Benjamin Thompson","detail":"President, cio in the 5% to 10% ownership band and a control person, since January 2022. Also a owner of Spottail LLC in the 75% or more band, since January 2023."},{"label":"Benjamin Allison","detail":"Director of portfolio management in the 10% to 25% ownership band and a control person, since January 2013."},{"label":"Andrew Hart","detail":"Indirect owner: a owner of Alpha 27, LLC in the 75% or more band, since January 2023.","parent":"Alpha 27, LLC"}],"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"101 Glen Lennox Drive, Suite 150","city":"Chapel Hill","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"919-932-8400","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":15},{"label":"U.S. government/agency bonds","percent":8},{"label":"U.S. state and local bonds","percent":2},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":22},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":36},{"label":"Cash and cash equivalents","percent":8},{"label":"Other","percent":8,"detail":"This Category Consists of Items Such As Private Real Estate (Not in Pooled Vehicles), Insurance Policies, and Private Loans."}],"privateFunds":1},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/159953/PDF/159953.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026142","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Delegate Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Delegate Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Delegate Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Delegate Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Delegate Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Delegate Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Delegate Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Delegate Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Delegate Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}