Franklin Street Advisors Inc. (Chapel Hill)

Name: Franklin Street Advisors Inc.
Address: 1450 Raleigh Road, Chapel Hill, NC, 27517 8833
Telephone: 919-489-2600

Franklin Street Advisors Inc. is a large advisory firm based in Chapel Hill. It manages $2.2 billion of regulatory assets for 1,380 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 4 other states.

Franklin Street Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and investment advice. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Franklin Street Advisors: assets under management

The assets under management (AUM) of Franklin Street Advisors Inc. is $2.2 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 54% since the beginning of its operation, and $4.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.6 million each.

Franklin Street Advisors has custody of $107.61 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Franklin Street Advisors Inc. for their services and products based on a percentage of assets under management and fixed fees. 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 Robert Chester Eubanks serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Robert Chester Eubanks is high net worth individuals with 274 clients and $1.28 billion of assets under management. Among the 6 most similar advisory firms, Franklin Street Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.01 billion for 419 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Franklin Street Advisors also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons is $10,000 for each fund.

Careers at Franklin Street Advisors Inc.

The company employs 39 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 12 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 don’t receive compensation from other entities for client referrals.

Robert Chester Eubanks has been acting as President since 1 Jul 1991. The Herman M. Weaver Revocable Trust joined the executive team most recently as the Shareholder Class A Common Shares.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Chester Eubanks	President	1 Jul 1991	Other	202679
Inc. Franklin Street Partners	Corporation	1 Jun 1993	75% - 100%	56-1749654
George M Salley	Vice president	1 Jun 1993	Other	2368869
Richard Vance Fulp	Vice president	1 Jun 1993	Other	1984068
Carol Elizabeth Manzon	Sec/tres./chief compliance officer	1 Oct 1993	Other	2415219
Malcolm Mceachern Trevillian	Vice president	1 Jul 1994	Other	1001676
John Cornelius Ohara	Chief operating officer	1 Feb 2002	Other	702640
(Jr) William Bonner Thompson	Vice president	1 Apr 2003	Other	1058037
William Robert Newell	Vice president	1 Mar 2010	Other	5774519
Myron Rex Teaney	Vice president	1 Apr 2012	Other	1702255

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Chester Eubanks	Shareholder - class a common shares	1 Sep 2017	25% - 50%	202679
The Herman M. Weaver Revocable Trust	Shareholder - class a common shares	1 Sep 2017	25% - 50%	56-6433045
Herman Michael Weaver	Trustee	1 Sep 2017	Other	1473218

Based in Chapel Hill

The principal office where Franklin Street Advisors Inc. performs its advisory services is located at 1450 Raleigh Road, Chapel Hill, NC 27517 8833, 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 919-489-2600 or by fax 919-490-4415. The normal business hours are 8:15 a.m. - 5:15 p.m. on Monday - Friday. You can find more information about the New York firm at franklin-street.com/.