SEC-registered wealth management firm Broker-dealer affiliated
Franklin Street Advisors Inc.
As of its Form ADV filed May 22, 2026, Franklin Street Advisors Inc., an SEC-registered, broker-dealer affiliated wealth management firm in Chapel Hill, North Carolina, reported $4.5 billion in regulatory assets under management across 1,652 accounts, ranking #5 among all wealth firms in North Carolina by assets.
Registration
- Main office
- Chapel Hill, NC
- Registration
- SEC-registered, Approved
- CRD number
- 106275
- SEC file number
- 801-39635
- Registered since
- August 15, 1991
- Latest Form ADV filing
- May 22, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $4.5 billion
- Discretionary
- $4.5 billion (100.0%)
- Non-discretionary
- $0
- Accounts
- 1,652 (1,652 discretionary)
- Clients
- 420, approximate as reported
- Employees
- 40
- Advisory staff
- 18 performing investment advisory functions
- Average account
- $2.7 million
- Asset growth, 1 year
- 15.3% (from $3.9 billion a year earlier)
- Asset growth, 3-year annual rate
- 14.2% (from $3.0 billion three years earlier)
- Asset growth, 5-year annual rate
- 8.9% (from $3.0 billion five years earlier)
- Client growth, 1 year
- -0.2% (from 421)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $2.0 billion |
| October 3, 2011 | $2.0 billion |
| October 1, 2012 | $1.6 billion |
| October 1, 2013 | $1.7 billion |
| October 1, 2014 | $2.1 billion |
| October 1, 2015 | $2.2 billion |
| October 3, 2016 | $2.0 billion |
| October 2, 2017 | $1.8 billion |
| October 1, 2018 | $2.2 billion |
| October 1, 2019 | $2.2 billion |
| October 1, 2020 | $2.6 billion |
| October 4, 2021 | $3.0 billion |
| October 3, 2022 | $3.5 billion |
| October 5, 2023 | $3.0 billion |
| October 1, 2024 | $3.5 billion |
| September 2, 2025 | $3.9 billion |
| October 2, 2026 | $4.5 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 317 clients | $3.6 billion | |
| Corporations or other businesses 16 clients | $567.9 million | |
| Pooled investment vehicles 5 clients | $154.3 million | |
| Charitable organizations 11 clients | $93.6 million | |
| State or municipal government entities 2 clients | $60.1 million | |
| Individuals (other than high net worth) 62 clients | $53.0 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Other
Advisory services
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Selection of other advisers
- Other
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Municipal advisor
- Commodity pool operator or commodity trading advisor
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Sponsor, general partner or managing member of pooled investment vehicles
Advises 5 private funds (Item 7.B).
Custody (Item 9)
The firm reported custody of client cash or securities, $6.4 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 16
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 15
Designations held by the firm's IARs: CFA 5, CFP 3.
1 of the firm's 16 IARs is registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 3 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in North Carolina
| Firm | City | RAUM |
|---|---|---|
| Bragg Financial Advisors Inc | Charlotte | $4.7 billion |
| Salem Investment Counselors Inc | Winston Salem | $4.2 billion |
| Biltmore Family Office, LLC | Charlotte | $3.5 billion |
| Colony Family Offices, LLC | Charlotte | $3.4 billion |
| Smith Salley Wealth Management | Greensboro | $2.9 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Franklin Street Advisors Inc. on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.franklin-street.com
- Wealth management firms in North Carolina
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.