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Franklin Street Partners
Multifamily office listing in Chapel Hill, North Carolina, United States.
- SEC-registered
- Founded 1990
- Regulatory AUM
- $4.5 billion
- Employees
- 40
- Founded
- 1990
- SEC CRD
- 106275
Franklin Street Partners is the public-facing name for Franklin Street Advisors, Inc. and Franklin Street Trust Company, providing wealth management, trust, fiduciary, and family office services to families, business owners, institutions, endowments, and sports professionals.1
Overview
Franklin Street Advisors, Inc. is listed by the SEC as an approved investment adviser under CRD 106275. The firm reports $4.72 billion in assets under management as of May 31, 2026, more than three decades serving clients, and more than 40 investment professionals.21
History
Franklin Street Partners says it was founded in 1990 by North Carolina business and investment professionals.1
Timeline
- 1990Franklin Street Partners says it was founded in 1990 by North Carolina business and investment professionals.
- 2026The firm reports $4.72 billion in assets under management as of May 31, 2026, more than three decades serving clients, and more than 40 investment professionals.
Leadership
W. Robert Newell is President. Paul T. Bode is Managing Director, Business Development. The firm also lists Richard P. Blankenship, CFA; M.S. Brown, III, CFP®; Joseph B. Fox, IV, CFA, CFP®; Andrew E. James; Charles O. Mahaffey, AIF®; and Craig A. Sullivan, CFA, CAIA® among its principals and senior investment leaders.3
Services
Core planning services include strategic financial, investment, retirement, tax, and estate planning.4
Investment management includes internally managed equity strategies, taxable and tax-exempt fixed income securities, multiple-manager strategies, and alternative investments. The firm combines internal strategies with selected external managers.41
Trust and estate services include trust administration, estate administration and settlement, foundation coordination, and charitable trust management.4
Family office support can include bill payment, accounting, insurance coordination, banking, business management, real estate management, legal coordination, family governance, and management of special assets.4
What the firm offers
- Investment management
- Tax planning
- Estate planning
- Philanthropy
- Family governance and education
- Administration and bill pay
- Risk and insurance
- Private and alternative investments
- Retirement planning
Client Focus
Franklin Street Partners says it serves individuals and families, institutions and endowments, business owners, and sports professionals.1
Approach
Franklin Street Partners emphasizes a thoughtful, founder-inspired standard of care in managing client assets. Its strategies are tailored to each client’s goals, risk tolerance, and objectives.1
Assets and Minimums
Franklin Street Partners reports $4.72 billion in assets under management as of May 31, 2026. The brief does not publish an account minimum.1
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2016 | $2.0 billion | $1.8 billion | $217 million |
| 2017 | $1.8 billion | $1.8 billion | $6 million |
| 2018 | $2.2 billion | $2.2 billion | $0 |
| 2019 | $2.2 billion | $2.2 billion | $0 |
| 2020 | $2.6 billion | $2.6 billion | $0 |
| 2021 | $3.0 billion | $3.0 billion | $0 |
| 2022 | $3.5 billion | $3.5 billion | $0 |
| 2023 | $3.0 billion | $3.0 billion | $0 |
| 2025 | $3.9 billion | $3.9 billion | $0 |
| 2026 | $4.5 billion | $4.5 billion | $0 |
| Year | Average AUM per client |
|---|---|
| 2018 | $5 million |
| 2019 | $5 million |
| 2020 | $6 million |
| 2021 | $7 million |
| 2022 | $8 million |
| 2023 | $7 million |
| 2025 | $9 million |
| 2026 | $11 million |
| Client type | Clients (2026) |
|---|---|
| Individuals | 62 |
| High net worth individuals | 317 |
| Pooled investment vehicles | 5 |
| Charities | 11 |
| Government entities | 2 |
| Corporations | 16 |
| Year | Employees |
|---|---|
| 2016 | 37 |
| 2017 | 39 |
| 2018 | 39 |
| 2019 | 38 |
| 2020 | 38 |
| 2021 | 39 |
| 2022 | 37 |
| 2023 | 37 |
| 2025 | 39 |
| 2026 | 40 |
Ranks #1 of 9 SEC-registered firms in NC on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 106275. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
FAQs
Who does Franklin Street Partners serve?
The firm serves individuals and families, institutions and endowments, business owners, and sports professionals.1
What services does Franklin Street Partners provide?
Services include financial planning, investment management, trust and estate services, and family office support.4
When was Franklin Street Partners founded?
The firm says it was founded in 1990.1
Related resources
- LocationMultifamily offices in North Carolina
This page helps families and business owners compare multifamily office options in North Carolina. It can provide regional context for evaluating services such as investment management, estate planning, family governance, administration, and private investments alongside Franklin Street Partners' stated client focus.
- Network siteEstatePlanner.com
EstatePlanner.com offers practical guides on wills, trusts, and related planning decisions. Readers can use these materials to prepare questions about estate structures, fiduciary responsibilities, tax planning, philanthropy, and family education when speaking with a firm serving families, business owners, and institutions.
- Network siteFamilyOfficeDatabases.com
FamilyOfficeDatabases.com can help readers research family offices, investors, and related organizations. Reviewing database categories may help a business owner or family compare how different providers address investment management, alternative investments, administration, and long-term family planning needs.
- GuideOutsourced CIO vs multifamily office
This comparison explains how an outsourced CIO differs from a multifamily office. It can help readers decide whether they need investment oversight alone or a broader relationship covering tax planning, estate planning, administration, risk management, family governance, and philanthropy.
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Epic Capital Wealth Management [A]Profiles for Eton Advisors, Colony Family Offices, and Epic Capital Wealth Management provide additional firms to review on this site. Comparing their stated services, client types, and locations with Franklin Street Partners' focus can help a family or business owner define questions for an initial discussion.
Sources
- Franklin Street Partners
- SEC Investment Adviser Public Disclosure, Franklin Street Advisors, Inc., CRD 106275
- Franklin Street Partners Our Team and Leadership
- Franklin Street Partners What We Do
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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