ALPhastar Capital Management, LLC (Cornelius)


ALPhastar Capital Management, LLC is a large advisory firm based in Cornelius. It manages $437.95 million of regulatory assets for 4,880 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

ALPhastar Capital Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and sub-advisory services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

ALPhastar Capital Management: assets under management

The assets under management (AUM) of ALPhastar Capital Management, LLC is $437.95 million. The firm's AUM has grown by 1075% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $424.97 million in discretionary accounts and $12.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $89.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $95.46 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay ALPhastar Capital Management, LLC 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 ALPhastar Capital Management serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of ALPhastar Capital Management is individuals with 4,791 clients and $377.66 million of assets under management. Among the 7 most similar advisory firms, ALPhastar Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $437.95 million for 4,880 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.

ALPhastar Capital Management doesn't advise any private funds.

Careers at ALPhastar Capital Management, LLC

The company employs 98 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 69 employees are registered as investment adviser representatives with the state securities authorities.

There are 14 people 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.

Steve Mark Osterink has served as the Chief Investment Officer since 1 Apr 2011. Nicholas Glenn Ross joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Ryan Cooper Member 1 Apr 2011 Other 5917499
William Henry Cain Member 1 Apr 2011 Other 843992
Berry H Johnson Jr Family Trust Member 1 Apr 2011 Other 27-6978439
Brian Kenji Williams Managing member/chief compliance officer 1 Apr 2011 Other 5916723
Philip Jon Graham Member 1 Apr 2011 Other 4038072
Michael Evans Mullan Member 1 Apr 2011 Other 5917511
Ericka Adams Cain Member 1 Apr 2011 Other 5822338
Steve Mark Osterink Chief investment officer 1 Apr 2011 Other 4994816
Troy Ronald Seiler Chief compliance officer 1 Jul 2015 Other 2128627
Scott Devon Thompson Chief compliance officer 1 Feb 2019 Other 6946371
Nicholas Glenn Ross Member 1 Aug 2019 Other 2626836

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Christi Morgan Johnson Trustee 1 Apr 2011 75% - 100% 4783799

Based in Cornelius

The principal office where ALPhastar Capital Management, LLC performs its advisory services is located at 19520 West Catawba Avenue, Cornelius, NC 28031, which is also the mailing address of the firm. An additional office of the firm is in Independence, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-340-2514 or by fax 704-439-4393. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at alphastarcm.com/.