Capital Bank And Trust Company (Irvine)

Capital Bank And Trust Company is a large advisory firm based in Irvine. It manages $46.11 billion of regulatory assets for 4,974 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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

Capital Bank And Trust Company: assets under management

The assets under management (AUM) of Capital Bank And Trust Company is $46.11 billion. The firm's AUM has grown by 282% since the beginning of its operation, and $964.83 million of the total AUM is attributable to clients outside of the United States.

The firm manages $45.44 billion in discretionary accounts and $671.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $335.55 million.

Capital Bank And Trust Company has custody of $42.85 billion in cash and securities for 4,810 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 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Capital Bank And Trust Company 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 Dennis Patrick Roy Codon serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Dennis Patrick Roy Codon is high net worth individuals with 4,255 clients and $20.08 billion of assets under management. Among the 10 most similar advisory firms, Capital Bank And Trust Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $46.11 billion for 4,974 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.

Capital Bank And Trust Company also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Capital Bank And Trust Company

The company employs 299 people that are either part- or full-time employees. 16 percent of the employees work as investment advisers or researchers. 67 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Dennis Patrick Roy Codon has been acting as President since 1 Oct 2014. Laura Doclar Muller joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. The Capital Group Companies	Stockholder	1 Jul 2000	75% - 100%	86-0206507
Michael Josef Downer	Director & chairman	1 Jul 2000	Other	2092948
Douglas Allen Paul	Director	1 Jul 2000	Other	1914796
James Roth Zukor	Director	1 Jul 2000	Other	477335
Susi Michele Silverman	Controller	1 May 2009	Other	5336044
Carmelo Spinella	Director	1 Jul 2009	Other	5561286
Lloyd George Edwards	Director & president	1 Feb 2010	Other	2432033
Kristine Mie Nishiyama	Senior vice president and general counsel	1 Mar 2013	Other	2506668
Jane Marie Scofield	Chief compliance officer	1 Dec 2013	Other	5223823
Denise Marilyn Cassin	President & director	1 Jul 2014	Other	1199211
Dennis Patrick Roy Codon	Director	1 Oct 2014	Other	6562975
Kevin Thomas Burke	Director	1 Jan 2016	Other	1347663
Laura Doclar Muller	President	1 Jun 2017	Other	2688118

Based in Irvine

The principal office where Capital Bank And Trust Company performs its advisory services is located at 6455 Irvine Center Drive, Irvine, CA 92618 4518, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (949) 975-5000. The normal business hours are 8:00a.m - 5:00 p.m. on Monday - Friday.