Triangle Securities Wealth Management (Raleigh)

Name: Triangle Securities Wealth Management
Address: 1301 Annapolis Drive, Raleigh, NC, 27608
Telephone: 919-838-3221

Triangle Securities Wealth Management is a large advisory firm based in Raleigh. It manages $684.81 million of regulatory assets for 893 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 5 other states.

Triangle Securities Wealth Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Triangle Securities Wealth Management: assets under management

The assets under management (AUM) of Triangle Securities Wealth Management is $684.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1563% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $684.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $766.87 thousand each.

Triangle Securities Wealth Management has custody of $124.74 million in cash and securities for 93 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Triangle Securities Wealth Management 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 Triangle Securities Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Triangle Securities Wealth Management is high net worth individuals with 185 clients and $535.55 million of assets under management. Among the 9 most similar advisory firms, Triangle Securities Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $676.68 million for 479 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.

Triangle Securities Wealth Management doesn't advise any private funds.

Careers at Triangle Securities Wealth Management

The company employs 13 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Deleon Reynolds	Ceo, managing member	1 Aug 2008	75% - 100%	724280
Cathy Lynn Thomas	Managing director/chief compliance officer	1 Aug 2008	Other	2232055
Michael David Hakerem	Managing director	1 Aug 2008	Other	2601339
Kathleen Wise Burkett	Managing director	1 Jan 2018	Other	1712792
Scott William Loyek	Managing director	1 Jan 2018	Other	5254564
Deborah Lynn Kaufman	Managing director	1 Jan 2018	Other	5577161

Based in Raleigh

The principal office where Triangle Securities Wealth Management performs its advisory services is located at 1301 Annapolis Drive, Raleigh, NC 27608, 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 919-838-3221 or by fax 919-838-9081. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at trianglesecurities.com and its LinkedIn profile.