Whitener Capital Management, Inc (Rocky Mount)

Name: Whitener Capital Management, Inc
Address: 105 Candlewood Road, Rocky Mount, NC, 27804
Telephone: 252-972-8908

Whitener Capital Management, Inc is a large advisory firm based in Rocky Mount. It manages $220.5 million of regulatory assets for 941 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 6 other states.

Whitener Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Whitener Capital Management: assets under management

The assets under management (AUM) of Whitener Capital Management, Inc is $220.5 million. The firm's AUM has grown by 120% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $170.03 million in discretionary accounts and $50.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $208.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $400.63 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whitener Capital Management, Inc for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard Lee Sanford serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Lee Sanford is high net worth individuals with 62 clients and $111.61 million of assets under management. Among the 10 most similar advisory firms, Whitener Capital Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $205.09 million for 458 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.

Whitener Capital Management doesn't advise any private funds.

Careers at Whitener Capital Management, Inc

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.

Richard Lee Sanford has been acting as President since 1 Dec 2009. Carolyn L. Whitener joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Norman Whitener	President	1 Jul 1987	75% - 100%	2142360
Richard Robinson Allen	Director	1 Sep 1987	Other	4346672
James Tilmon Keel	Director	1 Sep 1987	Other	4346674
Walter Brodie Burwell	Secretary	1 Jul 1989	Other	4346680
Linda Collier Daniels	Senior vice president	1 Oct 1992	Other	2142373
James Morrison Smith	Vice president	1 Dec 1994	Other	2186575
James Chester Kalbach	Vice president	1 Oct 1997	Other	2963254
Angela Rhodes Hill	Vice president	1 Feb 2004	Other	4761261
Richard Lee Sanford	Vice president	1 Feb 2004	Other	2957281
Angela R Hill	Vice president	1 Feb 2004	Other	4761261
James Morrison Smith	Vice president/ chief compliance officer	1 Dec 2004	Other	2186575
Richard Lee Sanford	Vice president/chief compliance officer	1 Apr 2005	Other	2957281
Richard Lee Sanford	Chief compliance officer/chairman	1 Dec 2009	75% - 100%	2957281
Jr. Charles N. Whitener	Estate	1 Jan 2010	25% - 50%	xxx-xx-xxxx
Carolyn L. Whitener	Shareholder	1 Nov 2010	25% - 50%	5903166
Carolyn Logan Whitener	Shareholder	1 Nov 2010	25% - 50%	5903166

Based in Rocky Mount

The principal office where Whitener Capital Management, Inc performs its advisory services is located at 105 Candlewood Road, Rocky Mount, NC 27804 The mailing address of the firm is P.O. Box 7743, Rocky Mount, NC 27804. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 252-972-8908 or by fax 252-972-7793. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at whitenercapital.com/.