BAY CAPITAL ADVISORS, LLC

RIASEC RegisteredEst. 2021

Total AUM

$228M

Discretionary

$228M

100% of AUM

Avg account

$371K

Accounts

615

Employees

Advisory reps

Firm details

Headquarters: VIRGINIA BEACH, Virginia
CRD number: 140796
Registered since: October 20, 2021
Website: www.baycapitaladvice.com
Custodians: CHARLES SCHWAB & CO., INC., FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI79.75%
Individuals17.28%
Charitable Organizations2.97%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsEducational Seminars / Workshops

Firm profile

FINTRX

Overview

BAY Capital Advisors, LLC is a small independent registered investment adviser that began SEC registration in 2021 and is owned by an individual. The firm serves both high-net-worth individuals and families as well as institutional clients, offering a mix of financial planning, portfolio management for individuals, small businesses and institutions, plus educational seminars and workshops. It charges clients by a percentage of assets under management and also uses hourly and fixed-fee arrangements. The firm is not positioned as an ESG-focused manager and does not describe itself as a multi-state or pension consultant adviser. BAY Capital does not identify as a capital allocator, which suggests most client allocations are implemented through third-party managers, mutual funds, ETFs and direct investments rather than an in-house fund platform.