Capital Developers, LLC (Greenville)

Name: Capital Developers, LLC
Address: 205 D Plaza Drive, Greenville, NC, 27858
Telephone: 252-756-7005

Capital Developers, LLC is a large advisory firm based in Greenville. It manages $103.74 million of regulatory assets for 601 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Illinois, North Carolina, and Texas.

Capital Developers provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and financial consulting; asset monitoring for assets managed by sub-advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Capital Developers: assets under management

The assets under management (AUM) of Capital Developers, LLC is $103.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $103.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $172.62 thousand each.

Capital Developers has custody of $13.79 million in cash and securities for 13 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 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% 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 Developers, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Capital Developers serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Capital Developers is high net worth individuals with 31 clients and $63.27 million of assets under management. Among the 10 most similar advisory firms, Capital Developers has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $103.74 million for 183 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 Developers doesn't advise any private funds.

Careers at Capital Developers, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Capital Developers, LLC is owned by David Roger Hunt. Belinda Mai Butler joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Roger Hunt	Owner/ managing member	1 Sep 2012	75% - 100%	1856105
Belinda Mai Butler	Chief compliance officer	1 Feb 2018	Other	3067338

Based in Greenville

The principal office where Capital Developers, LLC performs its advisory services is located at 205 D Plaza Drive, Greenville, NC 27858, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 252-756-7005 or by fax 252-756-7064. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at linkedin.com/in/davehuntcfp and its LinkedIn profile.