Old North State Wealth Management, LLC logo

Old North State Wealth Management, LLC

Updated today

Client assets under management

$450,455,432

Clients

471

24% high-net worth

Advisors

6

of 6 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

79

High

Average account size

$956,381

About

Old North State Wealth Management provides discretionary and non‑discretionary portfolio management and financial planning to individuals (including high‑net‑worth clients) as well as pension plans, trusts, estates, charitable organizations and other business entities, charging customary percentage‑of‑AUM advisory fees. The firm also offers standalone and hourly financial planning and may recommend or place clients with third‑party advisers and wrapped or non‑wrapped programs.

The firm builds customized asset allocations using equity securities, ETFs, mutual funds and fixed income and may employ both long‑ and short‑term strategies, including covered options and other derivatives in separately managed accounts; portfolios are monitored daily with formal reviews at least quarterly. Old North also discloses use of borrowing strategies—such as margin and securities‑backed lines of credit—and describes how those facilities are coordinated with clients and custodians.

Several aspects of Old North are atypical for a team firm: it is affiliated with an accounting practice (Knott, Richartz & Co. CPAs, PLLC) and its advisers are dually registered with a broker‑dealer and licensed to sell insurance, so commission‑based sales and insurance commissions may be earned in addition to advisory fees. The brochure discloses these potential conflicts and the firm’s monitoring practices, and it explicitly addresses fee treatment of cash and margin, its assistance in arranging SBLOCs (without charging a placement fee), and the use of a broader set of complex products than many peers.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Charitable giving tax strategies Options & derivatives strategies

Occupation focus

Founder/Business Owner Executive

Fee options

Fixed

$500 to $2,500 for broad-based financial planning services; may exceed $2,500 in limited circumstances.

Percentage

$0 - $1,000,000: 1.25% $1,000,001 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.70% $5,000,001+: 0.50%

Commissions

Certain Associated Persons earn commissions as registered representatives of a broker/dealer and as licensed insurance agents; commissions are separate and in addition to advisory fees.

Project-based

$100 to $200 per hour for specific financial planning or consulting services.

Other

Account minimum: $500,000

Main office location

Old North State Wealth Management, LLC

1430 Commonwealth Drive, Suite 200

Wilmington NC 28403, United States

Number of offices

2

Most active in

Florida · Georgia · Louisiana · New Hampshire · New York · North Carolina · South Carolina · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Theodore A

Series 63, Series 66

Wilmington, NC

Old North State Wealth Management, LLC

Theodore Arnheiter is a financial advisor with Old North State Wealth Management, LLC, holding Series 63 and Series 66 licenses and bringing 11 years of industry experience. He has been with Old North State Wealth Management since 2014 and concurrently maintains a long-standing career as a songwriter and composer through his work with Four Horsemen, T.L.A. Productions, and R K Music since 1989. Old North State Wealth Management provides investment advisory and financial planning services to individuals, trusts, estates, and retirement plan participants, offering both discretionary and non-discretionary portfolio management. The firm builds customized portfolios using a variety of securities and analysis methods, including the use of derivatives and margin strategies, and serves clients generally requiring a $500,000 account minimum.

Charitable giving tax strategies Options & derivatives strategies Founder/Business Owner Executive
user avatar

Danielle A

Series 63, Series 65

Wilmington, NC

Old North State Wealth Management, LLC

Danielle Annechiarico is a financial advisor at Old North State Wealth Management, LLC in Wilmington, NC, with 16 years of industry experience. She holds Series 63 and Series 65 licenses and has worked at Old North State Wealth Management since 2010 and at Comprehensive Asset Management & Servicing, Inc. since 2011. Old North State Wealth Management provides investment advisory and financial planning services to individuals, trusts, estates, retirement plan participants, and other entities. The firm constructs customized portfolios using a variety of securities and analysis methods and allows the use of derivatives and margin strategies in portfolio management.

Charitable giving tax strategies Options & derivatives strategies Founder/Business Owner Executive
user avatar

Charles B

PFS™

Wilmington, NC

Old North State Wealth Management, LLC

Charles Buckland is a financial advisor at Old North State Wealth Management, LLC in Wilmington, NC, with 11 years of industry experience. He holds the PFS™ designation and has been with Old North State Wealth since 2013. Outside of his advisory role, Buckland is involved with Knott, Richartz & Co, a CPA firm, dedicating significant time during select months each year. Old North State Wealth Management provides investment advisory and financial planning services to individuals, trusts, estates, and retirement plans, offering customized portfolios that include equities, ETFs, mutual funds, and fixed income securities. The firm discloses the use of derivatives and permits margin and covered-option strategies as part of its portfolio management approach.

Charitable giving tax strategies Options & derivatives strategies Founder/Business Owner Executive
user avatar

David P

CFP®, ChFC®, PFS™, Series 63, Series 65

Captiva, FL

Old North State Wealth Management, LLC

David Parsons is a CFP®, ChFC®, and PFS™ with 28 years of industry experience. He is currently CEO and Personal Financial Specialist at Old North State Wealth Management, LLC and also provides CPA consulting services with Knott, Richartz & Co. CPAs, PLLC. Parsons holds roles as an independent insurance agent and serves on the Useppa Island Board of Governors, advising on social member matters. Old North State Wealth Management offers investment advisory and financial planning services to individuals, trusts, estates, and retirement plans, managing customized portfolios that include equities, ETFs, mutual funds, and fixed income securities. The firm employs fundamental, technical, and cyclical analysis and incorporates derivatives and margin strategies, serving primarily clients with account minimums around $500,000.

Charitable giving tax strategies Options & derivatives strategies Founder/Business Owner Executive
user avatar

Paul K

CFP®, PFS™, Series 63, Series 65, Series 66

Wilmington, NC

Old North State Wealth Management, LLC

Paul Knott is a CFP® and PFS™ credentialed financial advisor with 28 years of industry experience. He is a partner and 50% owner of Knott, Richartz & Co., CPAs, where he provides tax consulting services, and he serves as treasurer for a local Boy Scout troop. Knott is a managing member of Old North State Wealth Management, LLC, where he has worked since 2008. Old North State Wealth Management offers investment advisory and financial planning services to individuals, trusts, estates, and retirement plans, typically requiring a $500,000 account minimum. The firm constructs customized portfolios using a variety of securities and employs fundamental, technical, and cyclical analysis, including the use of derivatives and margin strategies.

Charitable giving tax strategies Options & derivatives strategies Founder/Business Owner Executive
user avatar

William H

Series 65

Wilmington, NC

Old North State Wealth Management, LLC

William Hedrick is a financial advisor at Old North State Wealth Management, LLC with five years of industry experience. He holds a Series 65 designation and previously worked at Tech Mahindra Americas and Logic Technology. Old North State Wealth Management provides investment advisory and financial planning services to individuals, trusts, estates, retirement plan participants, and other entities. The firm constructs customized portfolios using a variety of securities and employs fundamental, technical, and cyclical analysis, including the use of derivatives and margin strategies in separately managed accounts.

Charitable giving tax strategies Options & derivatives strategies Founder/Business Owner Executive
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