Aspire Private Capital, LLC (Cornelius)

Name: Aspire Private Capital, LLC
Address: 19410 Jetton Road, Cornelius, NC, 28031
Telephone: 704-237-9927

Aspire Private Capital, LLC is a large advisory firm based in Cornelius. It manages $173.68 million of regulatory assets for 2,585 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Georgia, North Carolina, and 3 other states.

Aspire Private Capital provides portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aspire Private Capital: assets under management

The assets under management (AUM) of Aspire Private Capital, LLC is $173.68 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $173.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $67.19 thousand each.

Aspire Private Capital has custody of $14.69 million in cash and securities for 117 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Aspire Private Capital, LLC for their services and products based on a percentage of assets under management. 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 Aspire Private Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Aspire Private Capital is individuals with 505 clients and $122.84 million of assets under management. Among the 5 most similar advisory firms, Aspire Private Capital has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $173.68 million for 533 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.

Aspire Private Capital doesn't advise any private funds.

Careers at Aspire Private Capital, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Bryan Philpott	Managing member/ chief compliance officer	1 May 2010	50% - 75%	4758501
Thomas Keith Kelly	Member	1 Jan 2014	25% - 50%	6031261

Based in Cornelius

The principal office where Aspire Private Capital, LLC performs its advisory services is located at 19410 Jetton Road, Cornelius, NC 28031, which is also the mailing address of the firm. An additional office of the firm is in Hickory, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-237-9927 or by fax 704-237-9955. 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 aspireadvisors.com.