Overview
Capita Financial Network, LLC (“Capita”) was formed in January 2018. The principal owner of
Capita Holdings, LLC is MBL Financial LLC, which is owned by Michael and Britney
Littledike. Capita provides financial planning and discretionary investment advisory services for
retirees and those planning for future retirement. Capita reviews the individual needs of each
client as part of the financial planning process and uses the financial plan to tailor its advisory
services to the needs of the client. Clients may impose individual restrictions on their accounts.
Our investment advisory services include selecting model portfolios and providing other asset
management services as detailed below.
Model Portfolios
Capita reviews the client’s financial plan and assists the client in setting an appropriate
investment objective. Capita has discretion to select a risk-based model portfolio sub-advised
by a third-party investment adviser (the “Subadvisor”). The Subadvisor is responsible for
selecting investments consisting mainly of individual securities, exchange-traded products
and mutual funds within a model portfolio and for making changes to the investments selected.
The Subadvisor may use other third-party advisors to select investments within the model
portfolios. Capita monitors the model portfolios on an ongoing basis and has the ability to
make changes to the allocation among the available models. Capita primarily recommends
TownSquare Capital, LLC (“TownSquare”), a third-party investment adviser, as a sub-
advisor.
Asset Management
Services
Capita will provide discretionary investment advisory services for separately managed
accounts invested in various types of investments, such as mutual funds, exchange traded
products, equities, options, fixed income securities and private funds. Capita’s advice is
tailored to the individual needs of the client based on the client’s investment objectives.
Accounts are reviewed on a regular basis and rebalanced as necessary according to each
client’s investment profile.
Private Funds
Capita can allocate assets among private funds, including funds of funds, managed by third
parties. With respect to fund of funds, Capita recommends funds on an alternative investment
platform which manages feeder funds that invest in private offerings managed by third parties.
All relevant information, terms and conditions relative to private funds, including the
investment objectives and strategies, minimum investments, liquidity terms, qualification
requirements, suitability, fund expenses, risk factors, and potential conflicts of interest, are
set forth in the offering documents (which typically include a confidential private offering
memorandum, Limited Partnership Agreement, and Subscription Agreement), which each
investor is required to receive and/or execute prior to being accepted as an investor in a fund.
Capita does not invest clients in private funds without prior approval from the client, and the
client must complete the subscription documents.
Capita manages $1,461,172,171 on a discretionary basis as of December 31st, 2023.