Corecap Advisors, Inc. (Southfield)

Name: Corecap Advisors, Inc.
Address: 27777 Franklin Road, Southfield, MI, 48034
Telephone: 888-296-3360

Corecap Advisors, Inc. is a large advisory firm based in Southfield. It manages $869 million of regulatory assets for 7,464 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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

Corecap Advisors: assets under management

The assets under management (AUM) of Corecap Advisors, Inc. is $869 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23544% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $869 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $116.43 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% 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 Corecap Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothy John Otto serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Timothy John Otto is individuals with 4,790 clients and $714 million of assets under management. Among the 5 most similar advisory firms, Corecap Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $869 million for 4,884 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.

Corecap Advisors doesn't advise any private funds.

Careers at Corecap Advisors, Inc.

The company employs 160 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 109 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 receive compensation from other entities for client referrals.

Timothy John Otto has been acting as President since 1 Mar 2012. Jeffrey Anthony Hakala has served as the Chief Investment Officer since 1 Nov 2011. Mary Louise Cavanaugh joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. M&O Capital	Owner	1 Aug 2011	75% - 100%	80-0517236
Jeffrey Anthony Hakala	Chief investment officer	1 Nov 2011	Other	4763815
Carrie Lynn Irwin	Operations director	1 Dec 2011	Other	4838117
Raymond Max Pett	President	1 Feb 2012	Other	2357041
Timothy John Otto	Chairman	1 Mar 2012	Other	5862044
Judith Andrea Villarreal	Chief compliance officer	1 Apr 2012	Other	1795375
Kathleen Ann Hofer	Chief financial officer	1 Aug 2012	Other	1087639
Kathleen Ann Hofer	Chief financial officer & chief operating officer	1 Nov 2013	Other	1087639
Inc. Core Capital Holdings	Owner	1 Jan 2014	75% - 100%	45-4680350
Dennis Michael Brown	Director	1 Feb 2014	Other	1041617
David Wayne Muncie	Chief financial officer	1 Feb 2016	Other	1802808
Mary Louise Cavanaugh	Director	1 Mar 2019	Other	1977110

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Dennis Michael Brown	Shareholder	1 Dec 2009	50% - 75%	1041617
Timothy John Otto	Chairman and shareholder	1 Dec 2009	50% - 75%	5862044
Inc. M&O Capital	100% owner of core capital holdings, inc.	1 Jan 2012	75% - 100%	80-0517236

Based in Southfield

The principal office where Corecap Advisors, Inc. performs its advisory services is located at 27777 Franklin Road, Southfield, MI 48034, which is also the mailing address of the firm. An additional office of the firm is in Ft. Wayne, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-296-3360 or by fax 248-784-1459. The normal business hours are 9:00 am to 5:00 pm, et on Monday - Friday. You can find more information about the New York firm at corecapinv.com.