Capital Asset Advisory Services, LLC (Haslett)


Capital Asset Advisory Services, LLC is a large advisory firm based in Haslett. It manages $1.9 billion of regulatory assets for 14,386 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 40 other states.

Capital Asset Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capital Asset Advisory Services: assets under management

The assets under management (AUM) of Capital Asset Advisory Services, LLC is $1.9 billion. The firm's AUM has grown by 4172% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.67 billion in discretionary accounts and $227.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $157.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $60.89 thousand.
Capital Asset Advisory Services has custody of $692.84 million in cash and securities for 5,852 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capital Asset Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Capital Asset Advisory Services serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Capital Asset Advisory Services is individuals with 7,859 clients and $1.33 billion of assets under management. Among the 8 most similar advisory firms, Capital Asset Advisory Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.9 billion for 8,125 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.

Capital Asset Advisory Services doesn't advise any private funds.

Careers at Capital Asset Advisory Services, LLC

The company employs 65 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 65 employees are registered as investment adviser representatives with the state securities authorities.

There are 11 people 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Anthony Joseph Mazzali Managing member 1 Apr 1999 50% - 75% 2333739
Mark David Parker Managing member 1 Apr 1999 Other 2883952
Jeffrey John Casey Managing member 1 Sep 1999 Other 3040426
Jonathan Lee Cohen Managing member 1 Sep 1999 Other 2703972
Kenneth Patrick Evangelista Chief compliance officer 1 Jun 2007 Other 2747013

Based in Haslett

The principal office where Capital Asset Advisory Services, LLC performs its advisory services is located at 15744 Peacock Road, Haslett, MI 48840, which is also the mailing address of the firm. An additional office of the firm is in Williamston, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 517-339-7662 or by fax 517-339-1573. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at wealthadvisory-group.com.

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