Chariot Advisors, LLC (Cary)


Chariot Advisors, LLC is a multi-state adviser based in Cary. It manages $4 million of regulatory assets for 125 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, Georgia, and 12 other states.

Chariot Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chariot Advisors: assets under management

The assets under management (AUM) of Chariot Advisors, LLC is $4 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $32 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chariot Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Chariot Advisors serves?

The only and largest group of clients of Chariot Advisors is individuals with 125 clients and $4 million of assets under management. Among the 4 most similar advisory firms, Chariot Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $4 million for 125 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.

Chariot Advisors doesn't advise any private funds.

Careers at Chariot Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Elliott Leigh Shifman Managing member & chief compliance officer 1 Nov 2006 Other 3252582
Llc Outer Banks Financial Member 1 Nov 2006 75% - 100% 20-1933338
Dana Wallace Gower Managing member & chief compliance officer 1 Jun 2009 75% - 100% 3270042

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Elliott Leigh Shifman Managing member 1 Dec 2004 75% - 100% 3252582

Based in Cary

The principal office where Chariot Advisors, LLC performs its advisory services is located at 1135 Kildaire Farm Rd., Cary, NC 27511, 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 919-961-4939. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at chariotadvisorsllc.com.