Capita Financial Network, LLC

Capita Financial Network, LLC, established in January 2018, offers financial planning and discretionary investment advisory services tailored for retirees and those preparing for retirement. The firm reviews individual client needs and utilizes financial plans to customize services, including model portfolios and asset management. Capita exercises discretion in selecting risk-based model portfolios sub-advised by a third-party, primarily Town Square Capital, LLC. The firm manages $1,849,625,913 in discretionary assets as of December 31, 2024. Fees, ranging from 1% to 1.75% annually, are based on assets under management and are payable quarterly. Capita may recommend fixed annuity products and life insurance, receiving commissions for these sales. The firm does not charge performance-based fees or engage in side-by-side management. Capita serves individuals, high net worth individuals, 401K plans, and small businesses. Investment strategies are based on client goals and risk tolerance, with analysis including comparisons to benchmarks and risk assessments. Capita has no disciplinary history and provides investment discretion with client authorization. The firm reviews accounts annually and offers a client portal for account monitoring. Capita may refer clients to professionals and compensates referral sources based on agreements. The firm has constructive custody of client accounts and accepts discretionary authority for management. Capita votes client securities in the client's best interest and engages a third-party for class action suits. The firm does not require prepayment exceeding $1,200 per client.