Wealth manager, independent · Chapel Hill, NC
Delegate Advisors, LLC
SEC-registered investment adviser · CRD 159953 · SEC 801-72996
At a glance
Delegate Advisors, LLC is an SEC-registered investment adviser based in Chapel Hill, North Carolina, with $1.7B in regulatory assets under management as of its Form ADV filed March 25, 2026. It reports 42 individual clients, 42 of them high-net-worth, holding an average of about $33 million each, and 13 employees. That ranks it 638th among the nation’s 5,657 independent wealth management RIAs and 12th of 160 in North Carolina. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 919-932-8400delegateadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.7B
- Rank among independent wealth managers
- #638 of 5,657
- Rank among all SEC RIAs
- #3,958 of 17,210
- Rank in North Carolina
- #12 of 160
- Individual clients
- 42
- High-net-worth clients
- 42
- Accounts
- 1,331
- Discretionary
- 43% of AUM
- Employees
- 13
- Advisory staff
- 13
- Offices
- 3
Owners and executives on its Form ADV
- Andrew D. HartMember - Advisory (series C Units)
- James R. PowersDirector of Investment Research
- Carolyn OvaittChief Compliance Officer
- Benjamin S. ThompsonPresident, CIO
- Benjamin D. AllisonDirector of Portfolio Management
Custody and brokerage
Broker-dealer
Hybrid RIA
Delegate Advisors, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 42 | $1.4B | 82% |
| Corporations or other businesses | 2 | $176M | 10% |
| Insurance companies | 6 | $130M | 8% |
| Pooled investment vehicles | 1 | $2M | <1% |
Private funds
Delegate Advisors, LLC reports 1 private funds with $1M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Delegate Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗delegateadvisors.com ↗
AtlasMembers
The full record on Delegate Advisors, LLC
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
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,266 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in North Carolina
All of North Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Capital Investment Advisory Services, LLCRaleigh | $2.4B | 6,172 |
| Novare Capital ManagementCharlotte | $1.9B | 757 |
| Ally Invest AdvisorsCharlotte | $1.7B | 83,199 |
| Financial Symmetry Inc.Raleigh | $1.5B | 872 |
| Mill Capital Management, LLCConcord | $1.5B | 97 |
| Ironsides Asset Advisors, LLCRocky Mount | $1.4B | 34 |
Background
Questions
How much does Delegate Advisors, LLC manage?
Delegate Advisors, LLC reports $1.7B in regulatory assets under management across 1,331 accounts, 43% of it on a discretionary basis, on its Form ADV filed March 25, 2026.
How many clients does Delegate Advisors, LLC have?
It reports 42 individual clients: 42 high-net-worth individuals and 0 other individuals. Individuals account for about 82% of its regulatory assets.
Where is Delegate Advisors, LLC headquartered?
Its main office is in Chapel Hill, North Carolina. It reports 3 offices in total and 13 employees, 13 of whom perform investment advisory functions.
How does Delegate Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Delegate Advisors, LLC use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 25, 2026, it reports these amounts held: Fidelity ($812M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Delegate Advisors, LLC a hybrid RIA with a broker-dealer?
Delegate Advisors, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Delegate Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Delegate Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1 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 Delegate Advisors, LLC’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 (2026-03-25), 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 →