Auctus Advisors LLC (Charlotte)

Auctus Advisors LLC is a large advisory firm based in Charlotte. It manages $131.75 million of regulatory assets for 354 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Nebraska, North Carolina, South Carolina, and Texas.

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

Auctus Advisors: assets under management

The assets under management (AUM) of Auctus Advisors LLC is $131.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $372.18 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Auctus Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Auctus Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Auctus Advisors is high net worth individuals with 85 clients and $106.43 million of assets under management. Among the 5 most similar advisory firms, Auctus Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.75 million for 116 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.

Auctus Advisors doesn't advise any private funds.

Careers at Auctus Advisors 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Bilbe Miller	Managing member/cco/principal	1 Jul 2017	75% - 100%	4819204

Based in Charlotte

The principal office where Auctus Advisors LLC performs its advisory services is located at 301 South Mcdowell St., Charlotte, NC 28204, 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 704 533-9880 or by fax N/A. The normal business hours are 8:00 am-6:00 pm on Monday - Friday.