Destiny Capital Corp (Golden)

Name: Destiny Capital Corp
Address: 13922 Denver West Parkway, Golden, CO, 80401 3102
Telephone: 303-277-9977

Destiny Capital Corp is a large advisory firm based in Golden. It manages $274.17 million of regulatory assets for 1,278 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, Nebraska, and Texas.

Destiny Capital Corp provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Destiny Capital Corp: assets under management

The assets under management (AUM) of Destiny Capital Corp is $274.17 million. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $225.16 million in discretionary accounts and $49.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $339.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $79.83 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 31% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in other assets form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Destiny Capital Corp for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Jarrod Bryan Musick serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jarrod Bryan Musick is individuals with 263 clients and $243.69 million of assets under management. Among the 11 most similar advisory firms, Destiny Capital Corp has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $274.17 million for 265 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.

Destiny Capital Corp doesn't advise any private funds.

Careers at Destiny Capital Corp

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 4 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.

Jarrod Bryan Musick has been acting as President since 1 Mar 2016. Inc. Destiny Holdings joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Destiny Holdings	Owner	1 Sep 2000	75% - 100%	84-1560753
Steven Reese Musick	Founder	1 Sep 2000	Other	859060
Kenton Christopher Crabb	Vice president	1 Sep 2000	Other	2397338
Patricia Ann Kramer	Chief compliance officer/coo/secretary	1 Sep 2000	Other	2574775
Judd L Kramer	Cfo	1 Sep 2000	Other	2249114
Jarrod Bryan Musick	President	1 Mar 2016	Other	5006561
Jarrod Bryan Musick	Ceo, president	1 Mar 2018	Other	5006561

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven R. Musick	Dir/shareholder	1 Sep 2000	25% - 50%	84-1560753
Jarrod Bryan Musick	Director/shareholder	1 Aug 2017	50% - 75%	5006561

Based in Golden

The principal office where Destiny Capital Corp performs its advisory services is located at 13922 Denver West Parkway, Golden, CO 80401 3102, 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 303-277-9977 or by fax 303-277-1217. 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 destinycapital.com.