Wealth manager, independent · Southfield, MI
Corecap Advisors
Corecap Advisors, LLC · SEC-registered investment adviser · CRD 158819 · SEC 801-72687
At a glance
Corecap Advisors is an SEC-registered investment adviser based in Southfield, Michigan, with $4.0B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 9,671 individual clients, 936 of them high-net-worth, holding an average of about $0.4 million each, and 116 employees. That ranks it 280th among the nation’s 5,657 independent wealth management RIAs and 9th of 178 in Michigan. It reports 4 custodians for its clients’ separately managed accounts: Charles Schwab, RBC, Axos and Fidelity.
Main office 888-296-3360corecapinv.netAs filed on Form ADV
- Regulatory AUM
- $4.0B
- Rank among independent wealth managers
- #280 of 5,657
- Rank among all SEC RIAs
- #2,417 of 17,210
- Rank in Michigan
- #9 of 178
- Individual clients
- 9,671
- High-net-worth clients
- 936
- Accounts
- 9,677
- Discretionary
- 100% of AUM
- Employees
- 116
- Advisory staff
- 110
- Offices
- 41
Owners and executives on its Form ADV
- David W. MuncieChief Financial Officer & Director
- Dennis M. BrownDirector
- Jason R. SteenoPresident
- Craig D. RumlerChief Compliance Officer & Chief Operating Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Corecap Advisors is a hybrid RIA: 62 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Corecap Investments, LLC and The Leaders Group, Inc..
- Corecap Investments, LLC ↗CRD 37068
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
- The Leaders Group, Inc. ↗CRD 37157
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 936 | $2.1B | 54% |
| Individuals | 8,735 | $1.8B | 46% |
| Corporations or other businesses | 6 | $1M | <1% |
Disciplinary disclosures
Corecap Advisors answers yes to 6 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗corecapinv.net ↗
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The full record on Corecap Advisors
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,034 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Michigan
All of Michigan →| Firm | Regulatory AUM | Clients |
|---|---|---|
| CG Advisory ServicesWilliamston | $4.6B | 4,898 |
| Advisory Alpha, LLCHolland | $4.4B | 8,799 |
| Azimuth Capital ManagementBloomfield Hills | $4.0B | 381 |
| Innovia Wealth, LLCGrand Rapids | $3.3B | 727 |
| Retirement Income Solutions, Inc.ANN Arbor | $3.0B | 1,265 |
| Regal Investment Advisors LLCKentwood | $2.9B | 8,220 |
Background
Questions
How much does Corecap Advisors manage?
Corecap Advisors reports $4.0B in regulatory assets under management across 9,677 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Corecap Advisors have?
It reports 9,671 individual clients: 936 high-net-worth individuals and 8,735 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Corecap Advisors headquartered?
Its main office is in Southfield, Michigan. It reports 41 offices in total and 116 employees, 110 of whom perform investment advisory functions.
How does Corecap Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Corecap Advisors use?
It reports 4 custodians for its clients’ separately managed accounts: Charles Schwab, RBC, Axos and Fidelity. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Charles Schwab ($4.0B); RBC ($32M); Axos ($2M); Fidelity ($0M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Corecap Advisors a hybrid RIA with a broker-dealer?
Corecap Advisors is a hybrid RIA: 62 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Corecap Investments, LLC and The Leaders Group, Inc.. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Corecap Advisors a fiduciary?
As an SEC-registered investment adviser, Corecap Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 62 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Corecap Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →