Corecap Advisors, Inc. is a large advisory firm based in Southfield. It manages $869 million of regulatory assets for 7,464 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Corecap Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Corecap Advisors, Inc. is $869 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23544% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Corecap Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Timothy John Otto is individuals with 4,790 clients and $714 million of assets under management. Among the 5 most similar advisory firms, Corecap Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $869 million for 4,884 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Corecap Advisors doesn't advise any private funds.
The company employs 160 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 109 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Timothy John Otto has been acting as President since 1 Mar 2012. Jeffrey Anthony Hakala has served as the Chief Investment Officer since 1 Nov 2011. Mary Louise Cavanaugh joined the executive team most recently as the Director.
The principal office where Corecap Advisors, Inc. performs its advisory services is located at 27777 Franklin Road, Southfield, MI 48034, which is also the mailing address of the firm. An additional office of the firm is in Ft. Wayne, IN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 888-296-3360 or by fax 248-784-1459. The normal business hours are 9:00 am to 5:00 pm, et on Monday - Friday. You can find more information about the New York firm at corecapinv.com.