CAPTRUST: Platform Profile

Overview

CAPTRUST is the principal trade name used by the SEC-registered adviser CapFinancial Partners, LLC.

Current March 27, 2026 Form CRS states:

• Minimum annual fee possible: Yes

That is a material current-data guard.

Older CAPTRUST wrap materials can contain program minimums such as $50,000.

Those program-specific or legacy thresholds should not replace the current firmwide Form CRS statement that CAPTRUST does not require a general minimum account size.

Current standard wealth-management schedule for assets under $10 million at initial funding:

• First 1m: 1.25%
• Next 1m: 1.00%
• Next 3m: 0.85%
• Assets over 5m: 0.70%
• Assets above 10m: negotiable

The schedule is progressive.

May fit better for

• clients seeking a large national advisory organization;
• investors who want discretionary portfolio management;
• households seeking financial planning, portfolio management and family-office services;
• clients who value no current firmwide account-size minimum;
• eligible investors considering private funds or alternatives;
• households comfortable with negotiated AUM pricing.

May fit less well for

• investors seeking one low-cost automated portfolio;
• clients who want one all-in fee;
• users who confuse SMA minimums with CAPTRUST's general minimum;
• investors who want no affiliated private-fund conflicts;
• clients who want one universal custodian;
• investors who need daily liquidity from every private investment.

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Legal adviser and broker-dealer are different entities

Current Form CRS:

• Investment adviser: CapFinancial Partners, LLC
• Brand: CAPTRUST
• CRD: 175112
• SEC number: 801-62193

Affiliated broker-dealer:

• Affiliate broker dealer: CapFinancial Securities, LLC
• Broker CRD: 126291

Certain financial professionals can earn brokerage or insurance commissions in separate capacities.

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Current Form CRS says no general account minimum

Current March 27, 2026 CRS:

• Minimum annual fee for certain services possible: Yes
• Minimum annual fee waivable: Yes

Schwab SMA programs can also have $100,000 or $250,000 manager-access minimums.

Those are not CAPTRUST's universal relationship minimum.

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Standard 2026 AUM schedule is progressive

Effective January 1, 2026:

• First 1m: 1.25%
• Next 1m: 1.00%
• Next 3m: 0.85%
• Over 5m: 0.70%
• Over 10m: negotiable
• Schedule progressive: Yes
• Fees negotiable: Yes

The actual advisory agreement can be higher, lower or waived.

Acquired clients can remain under legacy schedules.

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Fee math at $5 million

First $1 million:

$1,000,000 × 1.25% = $12,500

Next $1 million:

$1,000,000 × 1.00% = $10,000

Next $3 million:

$3,000,000 × 0.85% = $25,500

Illustrative total:

$48,000

Average:

0.96%

This excludes product-level and outside-manager expenses.

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Fixed-fee services use a separate range

Current Wealth Client Brochure:

• Fixed fee annual range: $10,000-$250,000

Hourly family-office and ancillary services are negotiated.

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Wrap and non-wrap accounts have different cost structures

Current disclosure:

• Wrap accounts: Yes
• Non wrap accounts: Yes

Non-wrap clients can pay:

• CAPTRUST advisory fee;
• separate transaction/brokerage charges;
• custodian charges;
• manager expenses.

Wrap fees can include ordinary transaction/custody components but underlying fund and product costs remain.

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CAPTRUST generally manages discretionarily but also offers non-discretionary advice

Current Form CRS:

• Discretionary management general: Yes
• Non discretionary management available: Yes

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Schwab, Pershing and Fidelity are major custody references

Current Wealth Client Brochure:

• Custodian:
• Charles Schwab & Co., Inc.
• Pershing
• Fidelity / National Financial Services

Clients can select other custodians.

CAPTRUST is not affiliated with the custodial broker-dealers merely because it has custody agreements.

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Fidelity referral economics create a current conflict

Current Fidelity Wealth Advisor Solutions arrangement:

• Fidelity WAS referral fee fixed income: 0.10% annually
• Fidelity WAS referral fee other assets: 0.25% annually
• Referral fee paid by CAPTRUST not client: Yes

CAPTRUST also pays a minimum annual program fee.

The arrangement can create an incentive to maintain referred assets at Fidelity.

It does not mean Fidelity supervises CAPTRUST's advisory work.

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CAPTRUST manages affiliated private funds

Current 2026 disclosures include affiliated private funds such as:

• One Brick private-equity/private-credit funds;
• Homecourt;
• Cobblestone funds;
• other sub-advised private vehicles.

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One Brick and Homecourt illustrate layered economics

Current disclosure:

• One Brick CAPTRUST advisory fee: 10 bps/year
• One Brick indirect incentive fee participation: Yes
• Homecourt management fee for current CAPTRUST client LPs: 0.10%
• Homecourt management fee for former client LPs: 1.00%

There is no public market expected for Homecourt interests.

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Ordinary client accounts generally do not pay performance fees

Current Wealth Client Brochure:

• Ordinary client performance based fee general: No
• Affiliated private fund performance economics possible: Yes

CAPTRUST indirectly participates in certain OCredit incentive economics through One Brick and earns certain performance-based fees in connection with Cobblestone private funds.

Keep those private-fund economics separate from ordinary managed-account fees.

Assessment

CAPTRUST's most important current update is the minimum.

The March 2026 Form CRS says there is no general minimum account size, even though older or program-specific materials can contain $50,000 or larger thresholds.

The current 2026 standard AUM schedule is also unusually concrete for a national adviser.

The deeper cost analysis still requires attention to:

• wrap vs non-wrap;
• outside managers;
• private funds;
• custody;
• legacy acquired fee schedules.