Old North State Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Old North State Wealth Management reports 484 clients. They include 360 individual clients, 111 high-net-worth individuals, and 9 corporations and other businesses. Of its assets, 94.5% ($428M across 1,054 accounts) are managed with discretion; $24.9M across 70 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 27% |
| High-net-worth individuals | 23% | 73% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 360 | $122M | 26.9% | $339K |
| High-net-worth individuals | 111 | $329M | 72.6% | $2.96M |
| Pension and profit-sharing plans | Fewer than 5 | $345K | 0.1% | $345K |
| Charitable organizations | Fewer than 5 | $677K | 0.1% | $226K |
| Corporations and other businesses | 9 | $1.08M | 0.2% | $120K |
| Total | 484 | $453M | 100% | — |
- Clients
- 360
- Regulatory AUM
- $122M
- AUM share
- 26.9%
- Avg. per client
- $339K
- Clients
- 111
- Regulatory AUM
- $329M
- AUM share
- 72.6%
- Avg. per client
- $2.96M
- Clients
- Fewer than 5
- Regulatory AUM
- $345K
- AUM share
- 0.1%
- Avg. per client
- $345K
- Clients
- Fewer than 5
- Regulatory AUM
- $677K
- AUM share
- 0.1%
- Avg. per client
- $226K
- Clients
- 9
- Regulatory AUM
- $1.08M
- AUM share
- 0.2%
- Avg. per client
- $120K
Total
- Clients
- 484
- Regulatory AUM
- $453M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Old North State Wealth Management charges 0.50%–1.25% a year for its Portfolio management services. The fee is billed in advance, is negotiable and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Fixed planning fees range from $500 to $2,500 for broad-based planning; hourly consulting is $100 to $200 an hour. One-half of the consulting fee is generally due on signing.
Paul Knott owns 75% or more of Old North State Wealth Management. The leadership team of Old North State Wealth Management includes Chief Compliance Officer Danielle Annechiarico. It has 6 employees.
Leadership
Danielle AnnechiaricoChief Compliance Officer
Paul KnottManaging Member
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 3 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of Old North State Wealth Management, LLC
Paul Knott
Control person · since May 2008
Old North State Wealth Management’s regulatory assets grew 1.9× from $243M (March 2021) to $453M (March 2026); clients rose from 371 to 484 and employees were 6 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $453M | 484 | 6 | 2 |
| March 2025 | $385M | 502 | 6 | 1 |
| March 2024 | $335M | 385 | 6 | 1 |
| March 2023 | $266M | 437 | 6 | 1 |
| March 2022 | $288M | 398 | 6 | 1 |
| March 2021 | $243M | 371 | 6 | 1 |
Besides its headquarters, Old North State Wealth Management has 1 office (1 private residence, listed without an address), with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 1430 Commonwealth Drive, Suite 200, WilmingtonHQ
Contact and registration details
- Legal name
- Old North State Wealth Management, LLC
- Headquarters
- 1430 Commonwealth Drive, Suite 200, Wilmington, NC 28403
- Website
- onswm.com
- Phone
- 910-509-3800
- SEC file
- 801-69690
- Founded
- 2008
- Structure
- North Carolina LLC
- Fiscal year end
- December
Old North State Wealth Management uses Fidelity ($446M) as custodian for its separately managed accounts. Old North State Wealth Management has custody of $90.3M in client assets for 44 clients.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $446M100%
At year end, Old North State Wealth Management’s separately managed accounts were largely in stocks (43%) and funds (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $234M across 112 positions; the largest are Berkshire Hathaway Inc. Del (5.6%), Apple Inc. (4.0%) and Corning Inc. (3.7%).
What the accounts hold
- Stocks43%
- Funds41%
- Bonds1%
- Cash11%
- Other4%
- Derivatives4%
Reported 13F holdings
- $234M
- Reported 13F value
- 112
- Positions
- 35.0%
- In the 10 largest
- +8.3%
- Value vs. prior quarter
- Berkshire Hathaway Inc. Del · CL B New5.6%
- Apple Inc.4.0%
- Corning Inc.3.7%
- Boeing CO3.5%
- Nvidia Corporation3.5%
- M/i Homes Inc.3.1%
- Amazon Com Inc.3.1%
- Taiwan Semiconductor Manufac · Sponsored ADS2.9%
- Stanley Black & Decker Inc.2.9%
- Lyondellbasell Industries NV · Shs - A -2.7%
Together, the ten largest are 35.0% of reported value.
How many clients does Old North State Wealth Management have?
Old North State Wealth Management has 484 clients and manages $453 million for them, as of March 2026. They include 360 individual clients, 111 high-net-worth individuals, and 9 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Old North State Wealth Management offer?
Old North State Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Old North State Wealth Management charge?
Old North State Wealth Management charges 0.50%–1.25% a year for its Portfolio management services. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
Source: OLD NORTH STATE WEALTH MANAGEMENT BROCHURE, filed 17 March 2026
Which custodians does Old North State Wealth Management use?
Old North State Wealth Management’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $446M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Old North State Wealth Management have?
Old North State Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 2 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 Old North State Wealth Management invest in?
At the end of its last fiscal year, Old North State Wealth Management’s separately managed accounts held 43% exchange-traded equities, 41% registered funds (mutual funds, ETFs, BDCs), 11% cash and equivalents, 4% derivatives and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Old North State Wealth Management have a minimum investment?
Yes, Old North State Wealth Management’s minimum account size for its Portfolio management services is $500K.
Source: OLD NORTH STATE WEALTH MANAGEMENT BROCHURE, filed 17 March 2026
Who owns Old North State Wealth Management?
Old North State Wealth Management’s direct owner is Paul Knott (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Old North State Wealth Management get paid?
Old North State Wealth Management is paid through a percentage of assets under management, hourly charges, fixed fees, commissions and other compensation. Its Form ADV lists no 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
How do I contact Old North State Wealth Management?
Old North State Wealth Management’s main office is at 1430 Commonwealth Drive, Suite 200, Wilmington, NC 28403. Its phone number is 910-509-3800. Its website is onswm.com.