Advisors Capital Management

What Advisors Capital Management does

Advisors Capital Management, LLC is a privately held SEC-registered investment adviser founded in 1998 by Dr. Charles Lieberman, headquartered in Ridgewood, New Jersey. The firm operates a B2B distribution model in which it partners with independent financial advisors and RIAs to deliver outsourced portfolio management, investing 10,000+ client accounts and roughly $8B in assets under management through a 70-person team. Revenue is generated through subscription and fee-based investment advisory charges across private accounts, model accounts, a self-directed brokerage account (SDBA) platform, and Outsourced CIO (OCIO) services, with specific fee schedules disclosed in Form ADV Part 2A.

The firm's core offerings are private separate accounts with individually constructed portfolios, model accounts for advisor use, the PathFinder SDBA platform integrating research and trading support, individual securities management using top-down and bottom-up approaches, and tax-efficiency strategies. The PathFinder platform was extended in January 2026 through a strategic partnership with WealthFeed, embedding AI-powered money-in-motion prospecting signals to help advisors identify prospects experiencing liquidity events, business sales, or inheritance. The partnership is framed as a prospecting enhancement rather than a core technical build, and ACM's own AI/ML footprint is limited to integration rather than in-house model development.

ACM also maintains a majority-owned insurance agency subsidiary, Advisors Capital Planning, LLC, providing adjacent financial services. Distribution is built on direct enterprise sales to advisors, supported by a content-marketing engine (market commentary, whitepapers, 10 Second Interview Show) and recurring media appearances on Bloomberg, CNBC, BBC, Yahoo Finance, and Schwab Network by CIO Dr. Lieberman and Partner/Portfolio Manager Dr. JoAnne Feeney. The firm invests nationally in the United States with no disclosed international footprint.

Name

Advisors Capital Management

Legal name

Advisors Capital Management, LLC

Website

https://advisorscapital.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Advisors Capital Management is a privately held SEC-registered investment adviser that partners with independent financial advisors and RIAs, providing outsourced portfolio management, model accounts, a PathFinder SDBA platform, and OCIO services across $8B in AUM and 10,000+ accounts.

Ownership category

akta.pro rank

Product category

Investment Advisory & Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)

Keywords

• Investment advisory services
• Separately managed accounts
• Model portfolio platform
• Multi-asset portfolio management
• Sub-advisory wealth solutions

Headquarters

HQ city

Ridgewood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Advisory Services: Advisors Capital Management operates as a registered investment adviser providing tailored portfolio management solutions. The firm generates revenue through investment advisory fees charged to clients for portfolio management, research, trading support, and operational efficiencies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Advisors Capital Management is a Registered Investment Advisor that provides discretionary investment-management services to financial advisors and their clients. Its offerings include the PathFinder SDBA platform, Private Accounts (separately managed accounts), Model Accounts, and Individual Securities, supported by quantitative research and multi-asset portfolio construction. The firm manages approximately $8 billion in assets across more than 10,000 accounts for the advisor intermediary channel.

Product overview

Advisors Capital Management (ACM) operates as a registered investment adviser providing a unified wealth management platform. The core offering consists of the PathFinder platform (Self-Directed Brokerage Account/SDBA) integrated with AI-powered prospecting from WealthFeed, supplemented by Private Accounts and Model Accounts for portfolio management. Additional services include Individual Securities management utilizing top-down and bottom-up stock selection, Tax Efficiencies strategies, and OCIO partner services. The firm serves over 10,000 accounts with $8B in assets under management through a 70-person team.

Differentiator

Problem solved

Functional benefit

Brands

• PathFinder: A self-directed brokerage account (SDBA) platform offered by Advisors Capital to help advisors streamline investment management responsibilities.

Products and services

• PathFinder SDBA Platform Proprietary Separately Diversified Brokerage Account (SDBA) platform that delivers tax-efficient, customized multi-asset portfolios at the individual client level through financial advisors. Designed for advisors seeking outsourced discretionary portfolio management with personalization.
• Private Accounts (SMAs) Discretionary Separately Managed Accounts (SMAs) providing individualized multi-asset portfolio management for advisor clients. Built on ACM's quantitative research and macroeconomic outlook.
• Model Accounts Model-portfolio solutions that financial advisors can implement for clients, leveraging ACM's multi-asset research and portfolio construction framework without full SMA customization.
• Individual Securities Overlay Customized individual-security portfolio overlays that allow advisors and their clients to access ACM's research-driven security selection within tailored portfolios.

Quantifiable outcome

• Enables advisors to identify prospects experiencing key life events such as business sales, inheritance, and liquidity events

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature1 record

Partnerships

One partnership is on record.

• WealthFeedcoreTechnology or Integration · 6 January 2026National RIA Advisors Capital Management announced a strategic partnership with AI-powered prospecting platform WealthFeed, integrating WealthFeed's real-time money-in-motion signals into ACM's PathFinder retirement planning platform. The combined offering enables advisors to identify prospects experiencing key life events such as business sales, inheritance, and liquidity events, and engage them with comprehensive retirement guidance.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• AssetMark: AssetMark is a leading turnkey asset management platform (TAMP) that provides portfolio solutions, practice management, and technology to independent financial advisors. It is directly comparable to ACM as both serve independent RIAs with outsourced portfolio management and model-based solutions.
• Lockwood Advisors: Lockwood Advisors (a SMBC subsidiary) provides managed account programs and portfolio construction services to broker-dealers and advisors. It is a direct competitor to ACM's private account and model account offerings for the advisor channel.

Broad incumbents

• Envestnet: Envestnet is the largest TAMP and provider of integrated wealth management software to advisors, offering portfolio construction, reporting, and practice management tools. It competes with ACM on outsourced investment management and advisor technology, with a much broader product portfolio.
• SEI Investments: SEI's Investment Manager Services division provides outsourced investment management and OCIO services to advisors and institutional clients. SEI is a broader incumbent operating in adjacent segments but directly competes for OCIO mandates that ACM also pursues.
• Russell Investments: Russell Investments operates an OCIO and advisor platform business providing outsourced portfolio management, model portfolios, and practice solutions to advisors and institutions. It is a broad incumbent comparable to ACM on the OCIO and model account side.

Emerging players

• Orion Advisor Solutions: Orion provides advisor-facing technology including portfolio management, reporting, and model marketplaces for RIAs. It overlaps with ACM's technology-led, advisor-support positioning, particularly through model account and rebalancing capabilities.
• Cetera Financial Group: Cetera is a network of independent broker-dealers and RIAs that provides advisors with model portfolios, managed account solutions, and practice management support. Its advisor-focused investment solutions overlap with ACM's offerings to independent advisors.
• Cambridge Investment Research: Cambridge is an independent broker-dealer and RIA platform providing advisor services including model portfolios and managed solutions. Comparable to ACM on the advisor support and portfolio management dimensions, though with a broker-dealer anchor.
• Focus Financial Partners: Focus Financial Partners is a partnership of independent RIAs and wealth management firms providing scale, technology, and investment solutions to advisors. Its model of supporting independent RIAs with investment capabilities makes it a comparable emerging peer to ACM.

Regional players

• Brighthouse Financial: Brighthouse Financial provides annuity and investment solutions distributed through financial advisors, with an advisor-support platform that includes models and managed account services. It is comparable to ACM on the advisor distribution and managed account dimensions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ACMIntelligence
• YouTubeyoutube.com/@ACMInvestors
• LinkedInlinkedin.com/company/advisors-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Advisors Capital Management