Caprin Asset Management LLC (Henrico)

Name: Caprin Asset Management LLC
Address: 1802 Bayberry Court, Henrico, VA, 23226
Telephone: 804-648-3333

Caprin Asset Management LLC is a large advisory firm based in Henrico. It manages $1.3 billion of regulatory assets for 1,032 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 17 other states.

Caprin Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Caprin Asset Management: assets under management

The assets under management (AUM) of Caprin Asset Management LLC is $1.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3081% since the beginning of its operation, and $513.11 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.26 million each.

Investments

The firm invests in state and local bonds the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Caprin Asset Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Washington Flowers serves?

The firm provides services to insurance companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William Washington Flowers is high net worth individuals with 928 clients and $957.28 million of assets under management. Among the 11 most similar advisory firms, Caprin Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.3 billion for 1,032 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.

Caprin Asset Management doesn't advise any private funds.

Careers at Caprin Asset Management LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 10 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.

William Washington Flowers has been acting as President since 1 Jan 1997. Adam S Plotkin joined the executive team most recently as the Elected Manager And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Washington Flowers	President	1 Jan 1997	Other	1110366
Capstone Investment Advisors Inc	Owner	1 Jan 2000	50% - 75%	105611
Inc. Capgroup Investment Advisors	Owner	1 Jan 2000	50% - 75%	105611
Cheryl Lynn Page	Vice president	1 Apr 2000	Other	2211041
Leonard S. Slater	Shareholder	1 Jan 2001	Other	4337764
Edwin Bryan Horner	Managing partner	1 Nov 2002	Other	501960
Mark Brown Sisisky	Managing partner	1 Nov 2002	Other	4572282
Adam S Plotkin	Chief compliance officer	1 Sep 2004	Other	4194028
Suzanne Shroyer Harris	Shareholder	1 Mar 2005	Other	836045
Michael Louis Hoover	Managing partner	1 Mar 2005	Other	1721258
Cheryl Lynn Page	Managing director	1 Mar 2007	25% - 50%	2211041
Michael Louis Hoover	Elected manager and president	1 Mar 2007	25% - 50%	1721258
William Washington Flowers	Executive manager	1 Mar 2007	Other	1110366
Mark Brown Sisisky	Executive manager	1 Mar 2007	Other	4572282
Scott Donald Eldridge	Managing director	1 Jan 2010	Other	2638828
Peyton Mills Studebaker	Vice president	1 Jan 2010	Other	4796069
John Michael Flowers	Vice president	1 Dec 2010	Other	3034672
Edwin Bryan Horner	Elected manager	1 Dec 2011	Other	501960
William Washington Flowers	Member	1 Dec 2011	Other	1110366
Harold L Hughey	Vice president	1 Dec 2012	Other	5081658
Scott Donald Eldridge	Elected manager	1 May 2013	Other	2638828
Peyton Mills Studebaker	Managing director	1 Sep 2014	Other	4796069
Adam S Plotkin	Elected manager and chief compliance officer	1 Mar 2016	Other	4194028

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
William Richard Smith	President	1 Feb 1990	75% - 100%	728436

Based in Henrico

The principal office where Caprin Asset Management LLC performs its advisory services is located at 1802 Bayberry Court, Henrico, VA 23226, which is also the mailing address of the firm. An additional office of the firm is in Lynchburg, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-648-3333 or by fax 804-648-6651. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at caprinbonds.com.