Franklin Street Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 5 private funds.
Franklin Street Advisors reports 413 clients. They include 317 high-net-worth individuals, 62 individual clients, and 16 corporations and other businesses. Of its assets, 100.0% ($4.53B across 1,652 accounts) are managed with discretion. Of its clients, 1% are outside the U.S. It advised 7 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 15% | 1% |
| High-net-worth individuals | 77% | 79% |
| Pooled investment vehicles | 1% | 3% |
| Charitable organizations | 3% | 2% |
| State or municipal government entities | <1% | 1% |
| Other client typesCorporations and other businesses | 4% | 13% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 62 | $53M | 1.2% | $855K |
| High-net-worth individuals | 317 | $3.6B | 79.5% | $11.4M |
| Pooled investment vehicles | 5 | $154M | 3.4% | $30.9M |
| Charitable organizations | 11 | $93.6M | 2.1% | $8.51M |
| State or municipal government entities | 2 | $60.1M | 1.3% | $30.1M |
| Corporations and other businesses | 16 | $568M | 12.5% | $35.5M |
| Total | 413 | $4.53B | 100% | $11M |
- Clients
- 62
- Regulatory AUM
- $53M
- AUM share
- 1.2%
- Avg. per client
- $855K
- Clients
- 317
- Regulatory AUM
- $3.6B
- AUM share
- 79.5%
- Avg. per client
- $11.4M
- Clients
- 5
- Regulatory AUM
- $154M
- AUM share
- 3.4%
- Avg. per client
- $30.9M
- Clients
- 11
- Regulatory AUM
- $93.6M
- AUM share
- 2.1%
- Avg. per client
- $8.51M
- Clients
- 2
- Regulatory AUM
- $60.1M
- AUM share
- 1.3%
- Avg. per client
- $30.1M
- Clients
- 16
- Regulatory AUM
- $568M
- AUM share
- 12.5%
- Avg. per client
- $35.5M
Total
- Clients
- 413
- Regulatory AUM
- $4.53B
- AUM share
- 100%
- Avg. per client
- $11M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 7
- Private funds advised
- 5
Franklin Street Advisors charges 0.75%–1.00% a year for its Accounts Holding Equity, Cash and/or Mixed. The fee is billed in arrears, is negotiable and has a $7,500 annual minimum.
Fee details and sources
Fifth Third Acquisition Holdings, LLC (Dba Fifth Third Bank, National Association) owns 75% or more of Franklin Street Advisors and is in turn owned by Walnut & Vine Holdings, LLC (Dba Fifth Third Bank, National Association) (75% or more). The leadership team of Franklin Street Advisors includes President William Newell and Chief Compliance Officer Cynthia Stroik. It has 40 employees, 18 of them in advisory roles.
Leadership
- William NewellPresident, Director
- Cynthia StroikChief Compliance Officer
- Paul BodeManaging Director Business Development, Director
- Todd DornheggenDirector
- Wilson FiteDirector
- Lori FrischerDirector
- Sarai GreenDirector
- Jason GuthrieManaging Director Operations, It and Client Services
- Carol ManzonManaging Director
- Jonathan ReynoldsDirector
Investment adviser representatives
16 representatives listed in the SEC register as of 9 October 2026.
- Colin James Bates
- Richard Peters Blankenship
- Paul T Bode
- Milton S Brown III
- Johns Norwood Ellington
- Roger Carlan Eubanks
- Joseph Bernard Fox IV
- Dennis Cleveland Greenway II
- Matthew Kent Inman
- Andrew Edwin James
- Charles Olin Mahaffey JR.
- Christy Lynn Phillips Strigel
- Cynthia Rose Stroik
- Craig Alan Sullivan
- Joshua Coy Turner
- Todd David Young
Staff
- 40 employees
- 18 in advisory functions
- 15 state-registered reps
- Owns 75% or more of Franklin Street Advisors, Inc.
Fifth Third Acquisition Holdings, LLC (Dba Fifth Third Bank, National Association)
Control person · since November 2018
- Owns 75% or more of Fifth Third Acquisition Holdings, LLC (Dba Fifth Third Bank, National Association)
Walnut & Vine Holdings, LLC (Dba Fifth Third Bank, National Association)
Control person · since November 2018
- Owns 75% or more of Walnut & Vine Holdings, LLC (Dba Fifth Third Bank, National Association)
Fifth Third Bank, National Association
Control person · since November 2018
- Owns 75% or more of Fifth Third Bank, National Association
Fifth Third Financial Corporation
Control person · since November 2018
- Owns 75% or more of Fifth Third Financial Corporation
Fifth Third Bancorp
Control person · since November 2018
- Owns 75% or more of Franklin Street Advisors, Inc.
Fifth Third Acquisition Holdings, LLC
Control person · since November 2018
Franklin Street Advisors’ regulatory assets grew 1.5× from $2.96B (May 2021) to $4.53B (May 2026); clients were 413 in both filings and employees were 40 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $4.53B | 413 | 40 | 1 |
| May 2025 | $3.93B | 414 | 39 | 1 |
| April 2024 | $3.47B | 409 | 39 | 1 |
| May 2023 | $3.04B | 453 | 37 | 1 |
| March 2022 | $3.53B | 417 | 37 | 1 |
| May 2021 | $2.96B | 398 | 39 | 1 |
Besides its headquarters, Franklin Street Advisors has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 1450 Raleigh Road, Suite 300, Chapel HillHQ
Contact and registration details
- Legal name
- Franklin Street Advisors, Inc.
- Headquarters
- 1450 Raleigh Road, Suite 300, Chapel Hill, NC 27517-8833
- Website
- Not reported
- Phone
- 919-489-2600
- SEC file
- 801-39635
- Structure
- North Carolina corporation
- Fiscal year end
- December
Franklin Street Advisors uses SEI Private Trust ($2.09B, 56%) and Fidelity ($1.62B, 44%) as custodians for its separately managed accounts. Franklin Street Advisors has custody of $3.57B in client assets for 330 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $1.62B44%
- SEI Private TrustSEI Private Trust Company · Oaks, PA · $2.09B56%
At year end, Franklin Street Advisors’ separately managed accounts were mostly in stocks (62%) and funds (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.79B across 176 positions; the largest are Nvidia Corp. (7.3%), Apple Inc. (6.5%) and Microsoft Corp. (5.4%).
What the accounts hold
- Stocks62%
- Funds18%
- Registered funds14%
- Pooled vehicles4%
- Bonds16%
- Investment grade corporate bonds7%
- State and local bonds6%
- U.S. government and agency bonds3%
- Cash3%
- Other1%
- Inflation hedged assets and mlps/royalty trusts1%
Reported 13F holdings
- $1.79B
- Reported 13F value
- 176
- Positions
- 44.0%
- In the 10 largest
- +9.8%
- Value vs. prior quarter
- Nvidia Corp.7.3%
- Apple Inc.6.5%
- Microsoft Corp.5.4%
- Alphabet Inc. Cap Stk CL C5.1%
- Broadcom Inc.4.6%
- Amazon.com Inc.4.5%
- JPMORGAN Chase & CO2.8%
- Goldman Sachs Group Inc.2.8%
- Abbvie Inc.2.6%
- Microntechnology2.4%
Together, the ten largest are 44.0% of reported value.
How many clients does Franklin Street Advisors have?
Franklin Street Advisors has 413 clients and manages $4.53 billion for them, as of May 2026. They include 317 high-net-worth individuals, 62 individual clients, and 16 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 May 2026
What services does Franklin Street Advisors offer?
Franklin Street Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Franklin Street Advisors charge?
Franklin Street Advisors charges 0.75%–1.00% a year for its Accounts Holding Equity, Cash and/or Mixed. The fee is billed in arrears, is negotiable and has a $7,500 annual minimum.
Source: FSA ADV PART 2A BROCHURE MARCH 2026, filed 30 March 2026
Which custodians does Franklin Street Advisors use?
Franklin Street Advisors’ separately managed account assets are held at SEI Private Trust Company (Oaks, PA), with $2.09B and Fidelity Brokerage Services LLC (Boston, MA), with $1.62B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 May 2026
How many financial advisors does Franklin Street Advisors have?
Franklin Street Advisors has 15 investment adviser representatives registered with state securities authorities, out of 40 employees, and 18 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Franklin Street Advisors invest in?
At the end of its last fiscal year, Franklin Street Advisors’ separately managed accounts held 62% exchange-traded equities, 14% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 6% state and local bonds, 4% pooled vehicles (private funds and similar), 3% U.S. government and agency bonds, 3% cash and equivalents and 1% other. The 1% other category is described as: Inflation Hedged Assets and MLPS/Royalty Trusts. It advises 5 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 Franklin Street Advisors?
Franklin Street Advisors is owned through a chain of holding companies by Fifth Third Bancorp. Its direct owners are Fifth Third Acquisition Holdings, LLC (Dba Fifth Third Bank, National Association) (75% or more) and Fifth Third Acquisition Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 22 May 2026
How does Franklin Street Advisors get paid?
Franklin Street Advisors is paid through a percentage of assets under management, fixed fees and other compensation. 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 Franklin Street Advisors registered with the SEC?
Yes, Franklin Street Advisors has been registered with the SEC as an investment adviser since 15 August 1991. Its CRD number is 106275 and its SEC file number is 801-39635.
Source: Form ADV Part 1A, Item 1, filed 22 May 2026; IAPD firm record
How do I contact Franklin Street Advisors?
Franklin Street Advisors’ main office is at 1450 Raleigh Road, Suite 300, Chapel Hill, NC 27517-8833. Its phone number is 919-489-2600.