Capitala Private Advisors, LLC (Charlotte)

Name: Capitala Private Advisors, LLC
Address: 4201 Congress Street Suite 360, Charlotte, NC, 28209
Telephone: 704-376-5502

Capitala Private Advisors, LLC is a large advisory firm based in Charlotte. It manages $332.57 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida and North Carolina.

Capitala Private Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Capitala Private Advisors: assets under management

The assets under management (AUM) of Capitala Private Advisors, LLC is $332.57 million. The firm's AUM has grown by 52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $214.9 million in discretionary accounts and $117.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $107.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.84 million.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capitala Private Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joseph Basil Alala serves?

The only and largest group of clients of Joseph Basil Alala is pooled investment vehicles with 2 clients and $214.9 million of assets under management. Among the 6 most similar advisory firms, Capitala Private Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $214.9 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Capitala Private Advisors also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Capitala Private Advisors, LLC

The company employs 26 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Joseph Basil Alala has been acting as President since 1 Apr 2016. Richard Gerard Wheelahan joined the executive team most recently as the Chief Compliance Officer/General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Capitala Investment Advisors	Member	1 Feb 2016	75% - 100%	166301
Richard Gerard Wheelahan	Chief compliance officer/general counsel	1 Apr 2016	Other	6231783
Joseph Basil Alala	Member/president/ceo	1 Apr 2016	Other	6029964
John Francis Mcglinn	Chief operating officer	1 Apr 2016	Other	6030341
Markham Hunt Broyhill	Partner	1 Apr 2016	Other	2962433

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Atlas Capitala Investments	Member	1 Dec 2013	75% - 100%	46-4344930
Capitala Trust	Owner	1 Dec 2013	75% - 100%	46-6527154
Markham Hunt Broyhill	Manager	1 Dec 2013	Other	2962433

Based in Charlotte

The principal office where Capitala Private Advisors, LLC performs its advisory services is located at 4201 Congress Street Suite 360, Charlotte, NC 28209, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-376-5502 or by fax 704-376-5877. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at capitalsouthpartners.com.