Capita Financial Network, LLC (Sandy)

Name: Capita Financial Network, LLC
Address: 9980 South 300 West, Sandy, UT, 84070
Telephone: 801-566-5058

Capita Financial Network, LLC is a large advisory firm based in Sandy. It manages $343.82 million of regulatory assets for 1,525 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, Florida, Idaho, Texas, and Utah.

Capita Financial Network provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 800 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capita Financial Network: assets under management

The assets under management (AUM) of Capita Financial Network, LLC is $343.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $343.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $225.45 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Capita Financial Network, 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 Capita Financial Network serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Capita Financial Network is individuals with 824 clients and $243.49 million of assets under management. Among the 11 most similar advisory firms, Capita Financial Network has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $343.82 million for 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.

Capita Financial Network doesn't advise any private funds.

Careers at Capita Financial Network, LLC

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Lucas Linden Allen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Capita Holdings	Member	1 Oct 2017	75% - 100%	82-3270213
Michael Booth Littledike	Elected manager and president /chief executive officer	1 Oct 2017	Other	5917320
Zaccary Spencer Call	Elected manager, vice president and secretary	1 Oct 2017	Other	5426003
Lucas Linden Allen	Chief compliance officer	1 Jan 2018	Other	5430071
Lucas L Allen	Chief compliance officer	1 Jan 2018	Other	5430071

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Booth Littledike	Managing member	1 Sep 2006	50% - 75%	5917320
Britney Littledike	Managing member	1 Sep 2006	50% - 75%	5973766
Mbl Financial Llc	Member	1 Oct 2017	75% - 100%	20-5611511

Based in Sandy

The principal office where Capita Financial Network, LLC performs its advisory services is located at 9980 South 300 West, Sandy, UT 84070, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-566-5058 or by fax 801-208-1113. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at capitaonline.com/ and its LinkedIn profile.