Capital Investment Companies Hires Former Wells Fargo Regional President
7/20/21 Raleigh, NC Capital Investment Companies (Capital), a 37-year old Raleigh, North Carolina investment organization, collectively managing over 8 billion dollars, is pleased to announce that Steve McKenzie has joined the firm as Director of Private Wealth Strategies. McKenzie, a 35-year veteran of the financial services industry who spent his last 18 years at Wells Fargo, most recently as the Regional President for the Eastern US in the Private Wealth Financial Advisor Group, will be headquartered in Raleigh and Wilmington, North Carolina.
McKenzie partnered with Capital earlier in his career, and recognizes the importance of both of Capital’s corporate values and independence. “What I find very appealing about Capital” McKenzie says “is the ability to enjoy true independence with a hybrid RIA where you direct your own practice without the cumbersome requirements of a large BD. Advisors can throw off much of the red tape and rigid structure that a large wire house requires and get things done much faster.”
Capital is best known for having a very local feel while leveraging national resources through their clearing and custodial relationships and bank partnerships. Through their Ensemble Platform of affiliated firms and strategic partnerships, Capital offers advisors a full range of financial and investment services, including money management, investment brokerage, insurance and estate planning, retirement plan administration, mortgage and trust services and a community foundation.
“We are in a period of unprecedented growth here at Capital.” Richard Bryant, Capital’s CEO states “Steve will help us manage that growth and expand our reach to other large firm advisors looking to upgrade their capabilities, escape a stifling culture, and thrive in an environment where they and their clients are valued.”
McKenzie’s core emphasis will be on attracting large producers, advisor teams, and multi-channel advisors who will thrive on Capital’s Ensemble Platform, and take advantage of their RIA and Hybrid RIA structure.
“One of the things I missed most in my time away from Capital, ” McKenzie says ” is the entrepreneurial spirit and energy you get at a firm that is growing every day. The ability to quickly turn ideas into reality, to get answers for clients in minutes rather than hours, and the sense of comradery you get when everyone at a firm is on the same page and looking to help you grow your business. I can’t wait to get started.”
About Capital Investment Companies Capital Investment Companies is comprised of Capital Investment Brokerage, Inc. and Capital Investment Group, Inc., registered broker/dealers (Members FINRA/SIPC), Capital Investment Counsel, Inc. and Capital Investment Advisory Services, LLC (two SEC registered investment advisory firms) and their affiliates, all located at 100 E. Six Forks Rd., Suite 200; Raleigh, NC 27609 (919) 831-2370. Capital Investment Companies (www.cico.us) is one of the largest independent financial services and brokerage organizations in the Southeastern United States. Headquartered in Raleigh, N.C., the firm offers a wide variety of financial services through its affiliated firms and strategic partners, including: traditional investment brokerage, money management, mutual fund management, insurance services, estate planning, retirement plans, trust services, mortgage services, and a community foundation. They offer their services to individuals, corporations, and the CPA and banking community.