Old Peak Finance LLC (Chapel Hill)

Name: Old Peak Finance LLC
Address: 100 Europa Drive, Chapel Hill, NC, 27517
Telephone: 919 459 8181

Old Peak Finance LLC is a large advisory firm based in Chapel Hill. It manages $204.46 million of regulatory assets for 364 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Michigan, North Carolina, and Texas.

Old Peak Finance provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Old Peak Finance: assets under management

The assets under management (AUM) of Old Peak Finance LLC is $204.46 million. $8 million of the total AUM is attributable to clients outside of the United States.

Old Peak Finance has custody of $24.91 million in cash and securities for 31 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 81% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old Peak Finance LLC for their services and products based on a percentage of assets under management 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 Old Peak Finance serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Old Peak Finance is high net worth individuals with 56 clients and $183.99 million of assets under management. Among the 7 most similar advisory firms, Old Peak Finance has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $204.46 million for 109 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Old Peak Finance doesn't advise any private funds.

Careers at Old Peak Finance LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Theodore Richard Waechter	Ceo and cco	1 Jul 2010	75% - 100%	1161662

Based in Chapel Hill

The principal office where Old Peak Finance LLC performs its advisory services is located at 100 Europa Drive, Chapel Hill, NC 27517, which is also the mailing address of the firm. An additional office of the firm is in Traverse City, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919 459 8181 or by fax 919 869 1900. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at oldpeakfinance.com.