Capitol Private Wealth Group LLC (Vienna)


Capitol Private Wealth Group LLC is a large advisory firm based in Vienna. It manages $144.48 million of regulatory assets for 975 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, District of Columbia, Florida, and 8 other states.

Capitol Private Wealth Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capitol Private Wealth Group: assets under management

The assets under management (AUM) of Capitol Private Wealth Group LLC is $144.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $148.18 thousand each.
Capitol Private Wealth Group has custody of $80.16 million in cash and securities for 123 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is other assets, which make up 32% 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 Capitol Private Wealth Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Capitol Private Wealth Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Capitol Private Wealth Group is high net worth individuals with 37 clients and $90.24 million of assets under management. Among the 9 most similar advisory firms, Capitol Private Wealth Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.48 million for 340 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.

Capitol Private Wealth Group doesn't advise any private funds.

Careers at Capitol Private Wealth Group LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
Bobby Lee Glass Chief compliance officer 1 Jan 2016 Other 222733
Giancarlo Dalimonte Managing member 1 Jul 2016 75% - 100% 4239189

Based in Vienna

The principal office where Capitol Private Wealth Group LLC performs its advisory services is located at 8133 Leesburg Pike, Vienna, VA 22182, 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 (703) 226-0008 or by fax (877) 834-7916. The normal business hours are office visits by appointment only on Other. You can find more information about the New York firm at capitolpwg.com.