Firm Description and Ownership
World Capital Advisors, LLC ( the “Firm” or “WCA”) is an Investment Advisory firm, registered as such with
the States of Virginia and Pennsylvania, and the Securities and Exchange Commission, that has been in
operation since November 2005. Investment Research Corporation, Denver, CO, became the 100% owner of
the Firm on January 1, 2020. The Firm’s President and CEO is Robert E. Fleck, and David D. Jones, Esq. is
the Firm’s Chief Compliance Officer.
Advisory Services and Needs of Clients
Services offered by the Firm consist of investment advice, asset management and fee-based financial planning
for clients based upon their individual financial circumstances, objectives, time horizon and risk tolerance. An
Investment Advisor Representative (“Advisory Representative”) of the Firm may review a client’s assets, net
worth, tax status, investments, investment history and other factors to correctly determine suitable products
and/or advisory services. This information is used, in part, to help clients select investment products and
investment programs that suit their circumstances and goals. The Firm may also perform various administrative
and clerical duties that allow the client to open an account.
If appropriate to the client’s needs, the Firm may make available separately managed accounts, fee-based
securities accounts, asset allocation programs or other investment programs through registered or exempted
third-party investment advisers with which the Firm enters into either a solicitors agreement or co-advisory
relationships.
Currently, the Firm works with the following providers of investment products and programs:
ITS Asset Management
SEI, SEI (IMAP), SEI (MAP)
National Philanthropic Trust
Charles Schwab
Fidelity
WCA’s relationship with these advisors is governed by the written services agreements signed by all involved
parties, unless the advisor in question does not require such an agreement. WCA keeps current copies of all
applicable agreements on file.
Third party advisors are responsible for administration of best execution, proxy voting and aggregation, as well
as pursuance of securities class action lawsuits on the behalf of clients. WCA defers these responsibilities to
these advisors under the terms of the applicable agreements with each entity.
WCA offers investment advice relating to a number of different investments, including but not necessarily
limited to:
Exchange and OTC securities
ADR and other foreign issues
Government and Agency
Securities
Equity Options—Covered Only
Corporate debt
CDs, Commercial Paper and Notes
Municipal Securities
Mutual Fund Shares and Units
Third Party Asset Managers—Separately Managed Account or Program
Fee-Based Financial Planning
The Firm, through its Advisor Representatives, provides objective, generic advice to clients on matters that may
not involve securities. In this respect, the Firm offers financial planning services on an hourly or flat fee basis,
either at the time a client enters into a written agreement with the Firm or upon receipt of a written plan
delivered to the client.
To minimize the potential for conflict of interest, any financial plans created by the Firm generally contain only
generic recommendations as to the general types of insurance and investment products that are appropriate
for the particular client’s financial position. Clients are under no obligation to accept a recommendation or
implement any Firm recommendation. Clients have the right to rescind the financial planning agreement
without penalty within five (5) business days of entering into such contract.
The financial planning services offered by the Firm include estate planning, investment planning, retirement
planning and business succession planning. In addition, the Firm occasionally presents seminars concerning
financial planning topics to groups of employees, associates, and the general public on a negotiated fee basis.
The Firm is also available for consultations on specific issues for which clients are charged an hourly fee.
Clients are urged to contact the Firm for specific details. Financial information and goals are obtained from the
clients after entering into a financial planning contract. The information is then reviewed and evaluated. Based
on this evaluation, specific financial planning recommendations are delivered to the client.
Wrap Fee Programs
The Firm does not participate in wrap fee programs.
Management of Client Assets on a Discretionary Basis
The Firm exercises discretion over client assets only if the client approves such an arrangement and a properly
executed Limited Power of Attorney is filed with the firm and with any applicable third-party managers that
provide investment products and/or investment programs to the client through a relationship with the Firm.
As of March 1, 2024, the Firm managed approximately $50,300,000 in client assets. The firm has discretion
over 63 accounts with aggregate assets of approximately $49,200,000 and 2 non-discretionary accounts with
aggregate assets of approximately $1,100,000.