Corecap Advisors, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 158819
· SEC file 801-72687
· Southfield, MI
· www.capitalchoiceaz.com
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $4.0B
- Discretionary
- $4.0B
- Clients
- 9,677
- Avg AUM / client
- $412K
- Accounts
- 9,677
- Employees
- 116
AUM over time
$0
$4.0B
Nov 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 8,735 | $1.8B | 46.1% |
| High net worth individuals | 936 | $2.1B | 53.9% |
| Corporations and other businesses | 6 | $586K | 0.01% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Choice Pooled Employer Plan Iii Administrative Group, Llc Dba Transamerica Fiduciary Services | 2024 |
People (117)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Brown, Dennis | Majority Owner Of Brown Holdco, Inc. | Dec 2009 (17y) | ≈ 42.19% – 100% via M & O Capital, Llc | |
| David Wayne Muncie | Chief Financial Officer & Director | Feb 2016 (11y) | Less than 5% | |
| Jason Raymond Steeno | President | Mar 2020 (6y) | Less than 5% | |
| Craig David Rumler | Chief Compliance Officer & Chief Operating Officer | May 2020 (6y) | Less than 5% | |
| Don Eugene Ash | Registered representative | Feb 2012 (14y) | ||
| James J Speir | Registered representative | Feb 2012 (14y) | ||
| Peter Timothy Frawley | Registered representative | Jun 2012 (14y) | ||
| Raymond Max Pett | Registered representative | Jul 2012 (14y) | ||
| Kurt Taylor Fillmore | Registered representative | Mar 2013 (13y) | ||
| Joshua Daniel Alpert | Registered representative | Apr 2013 (13y) | ||
| Ronald Michael Guevarra | Registered representative | Aug 2013 (13y) | ||
| Brett Lawrence Mills | Registered representative | Apr 2014 (12y) | ||
| Jeffrey Harry Klauenberg | Registered representative | CFP | Jun 2014 (12y) | |
| Oliver David Lee | Registered representative | Jul 2014 (12y) | ||
| Lauren C Cooper | Registered representative | Nov 2014 (12y) | ||
| Julian Joseph Guilfoyle | Registered representative | Dec 2014 (12y) | ||
| Colby Todd Wight | Registered representative | Mar 2015 (11y) | ||
| Lisa Jo Bamburg | Registered representative | Mar 2015 (11y) | ||
| Robert Alan Romain | Registered representative | Apr 2015 (11y) | ||
| Paul Michael Costa | Registered representative | Aug 2015 (11y) | ||
| Patrick M Simasko | Registered representative | Jan 2016 (11y) | ||
| Hagen Michael Pruemm | Registered representative | Jan 2016 (11y) | ||
| Aaron Edmond Wooster | Registered representative | Jan 2016 (11y) | ||
| Daniel J Milan | Registered representative | Feb 2016 (10y) | ||
| David Michael Howard | Registered representative | Jun 2016 (10y) | ||
| Roger P Welshans | Registered representative | Jun 2016 (10y) | ||
| Jay Martin Ferrans | Registered representative | Sep 2016 (10y) | ||
| Steven Craig Conners | Registered representative | Sep 2016 (10y) | ||
| Bradley Dennis Clark | Registered representative | Sep 2016 (10y) | ||
| Michael Henry Tove | Registered representative | Sep 2016 (10y) | ||
| Richard Joe Johannsen | Registered representative | Nov 2016 (10y) | ||
| Boris Jovan Andrikos | Registered representative | Jan 2017 (10y) | ||
| Bruce Joseph Maginn | Registered representative | Jan 2017 (10y) | ||
| Paul Thomas Joseph | Registered representative | Feb 2017 (9y) | ||
| Christopher Frank Villwock | Registered representative | Mar 2017 (9y) | ||
| Steven Robert Seibel | Registered representative | Chartered Financial Consultant | Mar 2017 (9y) | |
| Jacob R Sansom | Registered representative | Jan 2018 (9y) | ||
| Mark Everett Charnet | Registered representative | Apr 2018 (8y) | ||
| William George Alexander | Registered representative | Jul 2018 (8y) | ||
| Ryan Ramsey Shuchman | Registered representative | Sep 2018 (8y) | ||
| David Lee Howard | Registered representative | Personal Financial Specialist | Nov 2018 (8y) | |
| Scott M Butler | Registered representative | CFP | Nov 2018 (8y) | |
| Andrew Paul Wood | Registered representative | Nov 2018 (8y) | ||
| Daniel Todd Simon | Registered representative | Feb 2019 (7y) | ||
| Alison Elizabeth Slezak | Registered representative | Mar 2019 (7y) | ||
| Cynthia Fasulo Pruemm | Registered representative | Jun 2019 (7y) | ||
| Jeffrey C Jones | Registered representative | Jul 2019 (7y) | ||
| William Kirby Harpe | Registered representative | Oct 2019 (7y) | ||
| Scott Richard Marion | Registered representative | Oct 2019 (7y) | ||
| Craig Allen Tanis | Registered representative | Nov 2019 (7y) | ||
| James Ronald Gillikin | Registered representative | Dec 2019 (7y) | ||
| Bryce Spencer Vogel | Registered representative | Dec 2019 (7y) | ||
| Dylan J Schalmo | Registered representative | Jan 2020 (7y) | ||
| Michael Neumann | Registered representative | Jan 2020 (7y) | ||
| Michael Chad Mc Cracken | Registered representative | Jan 2020 (7y) | ||
| Norman Milton Bald | Registered representative | Apr 2020 (6y) | ||
| Paulmichael Gareth Youngmills | Registered representative | Jul 2020 (6y) | ||
| Marc Labadie | Registered representative | Aug 2020 (6y) | ||
| Avery Reese Markos | Registered representative | Oct 2020 (6y) | ||
| Richard Len Kinnard | Registered representative | Dec 2020 (6y) | ||
| Brian Spencer | Registered representative | Jan 2021 (6y) | ||
| Renaurd Trent Reynolds | Registered representative | Jan 2021 (6y) | ||
| Blake Howard | Registered representative | Jan 2021 (6y) | ||
| Thomas David Ankrom | Registered representative | Jan 2021 (6y) | ||
| Daniel Allen Weingartner | Registered representative | CFP | Feb 2021 (6y) | |
| Christopher M Walsh | Registered representative | Apr 2021 (5y) | ||
| Peter Casciotta | Registered representative | Jul 2021 (5y) | ||
| John Patrick Rafferty | Registered representative | Aug 2021 (5y) | ||
| James Matthew Simasko | Registered representative | Jan 2022 (5y) | ||
| Arben Cuca | Registered representative | Jan 2022 (5y) | ||
| Stephanie Marie Scully | Registered representative | Jan 2022 (5y) | ||
| Alejandra Navarro | Registered representative | Feb 2022 (4y) | ||
| Elizabeth Audrey Budweg | Registered representative | May 2022 (4y) | ||
| Christine Mitchell Mc Cafferty | Registered representative | Jul 2022 (4y) | ||
| Erin Michelle Hoestje | Registered representative | Jul 2022 (4y) | ||
| Ronald Stephen Thompson | Registered representative | Aug 2022 (4y) | ||
| Steven Wilbourn | Registered representative | Aug 2022 (4y) | ||
| Donald Luke Ross | Registered representative | Nov 2022 (4y) | ||
| Ronald Stephen Thompson | Registered representative | Chartered Financial Consultant | Jan 2023 (4y) | |
| Rany Tallou | Registered representative | Feb 2023 (3y) | ||
| Whitney Lynn House | Registered representative | Jun 2023 (3y) | ||
| Jacob Ryan Pennington | Registered representative | Jul 2023 (3y) | ||
| Kristopher Lawrence Whipple | Registered representative | Sep 2023 (3y) | ||
| Brian Wolfer | Registered representative | CFP | Nov 2023 (3y) | |
| Derrick Edwards | Registered representative | Nov 2023 (3y) | ||
| Neil Allen Chidester | Registered representative | Jan 2024 (3y) | ||
| Adrian J Karas | Registered representative | CFP | Jan 2024 (3y) | |
| Jason Apollo Vreeke | Registered representative | May 2024 (2y) | ||
| Anish Rajgolikar | Registered representative | Jun 2024 (2y) | ||
| Charles Svoboda | Registered representative | Jul 2024 (2y) | ||
| Ryan Louis Fischer | Registered representative | Aug 2024 (2y) | ||
| Jason Robert Fannon | Registered representative | CFP | Aug 2024 (2y) | |
| Christopher Michael Leonard | Registered representative | Aug 2024 (2y) | ||
| Christopher Patrick Cohan | Registered representative | Chartered Financial Consultant | Sep 2024 (2y) | |
| Steven Paul Azoury | Registered representative | Chartered Financial Consultant | Jan 2025 (2y) | |
| Daniel A White | Registered representative | Chartered Financial Consultant | Jan 2025 (2y) | |
| Jordan Angelo Mangaliman | Registered representative | Feb 2025 (1y) | ||
| Ryan Nisbett | Registered representative | Apr 2025 (1y) | ||
| Kenneth P Oyler | Registered representative | May 2025 (1y) | ||
| Connor Davis | Registered representative | May 2025 (1y) | ||
| Matthew Scott Crider | Registered representative | May 2025 (1y) | ||
| Daniel Rory Mccarty | Registered representative | Jun 2025 (1y) | ||
| Ryan Christopher Smith | Registered representative | Jul 2025 (1y) | ||
| Dylan Ross Jones | Registered representative | Jul 2025 (1y) | ||
| Sherri Cecille Thompson | Registered representative | Aug 2025 (1y) | ||
| James Lucas Gundling | Registered representative | Sep 2025 (1y) | ||
| Corey Bates | Registered representative | Nov 2025 (1y) | ||
| Francis Joseph Davis | Registered representative | Nov 2025 (1y) | ||
| Aaron Keith Ulrich | Registered representative | Dec 2025 (1y) | ||
| John Laws | Registered representative | Jan 2026 (1y) | ||
| Julie M Mesaros | Registered representative | Jan 2026 (1y) | ||
| Dan Richard Brown | Registered representative | Feb 2026 (0y) | ||
| De Quan Loveless | Registered representative | Feb 2026 (0y) | ||
| Robert Craig Baird | Registered representative | Feb 2026 (0y) | ||
| Parker Wine | Registered representative | Apr 2026 (0y) | ||
| Dimitri Clyde Redwood | Registered representative | Jun 2026 (0y) | ||
| Christopher Zajdzinski | Registered representative | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Core Capital Holdings, Llc | Owner | Jan 2014 | A | 75% or more |
| M & O Capital, Llc | 100% Owner Of Core Capital Holdings, Llc | Jan 2012 | B | ≈ 56.25% – 100% via Core Capital Holdings, Llc |
| Brown Holdco, Inc. | Majority Owner Of M & O Capital, Llc | Jan 2020 | B | ≈ 42.19% – 100% via M & O Capital, Llc |
| Simplicity Financial Marketing Holdings, Inc. | Member | Jan 2024 | B | ≈ 42.19% – 100% via M & O Capital, Llc |
| Simplicity Financial Marketing Group Holdings, Inc. | Shareholder | Jan 2024 | B | ≈ 31.64% – 100% via Simplicity Financial Marketing Holdings, Inc. |
| Peqoud Topco, Inc. | Shareholder | Jan 2024 | B | ≈ 17.8% – 100% via Pequod Midco, Inc. |
| Pequod Midco, Inc. | Shareholder | Jan 2024 | B | ≈ 23.73% – 100% via Simplicity Financial Marketing Group Holdings, Inc. |
| Lep Pequod Holdings, Lp | Shareholder | Jan 2024 | B | ≈ 13.35% – 100% via Peqoud Topco, Inc. |
| Lep Simplicity Holdings, L.P. | Shareholder | Jan 2024 | B | ≈ 10.01% – 100% via Lep Pequod Holdings, Lp |
| Lee Equity Partners Fund Iii, L.P. | Limited Partner | Jan 2024 | B | ≈ 5.01% – 75% via Lep Simplicity Holdings, L.P. |
| Platform M & O Holdings, Llc | Minority Owner Of M & O Capital, Llc | Jan 2020 | B | ≈ 14.06% – 50% via M & O Capital, Llc |
| Platform Partners Capital, Llc | Minority Owner Of Platform M & O Holdings, Llc | Jan 2020 | B | ≈ 3.52% – 25% via Platform M & O Holdings, Llc |
| Lee Equity Partners Fund Iii(a), L.P. | Limited Partner | Jan 2024 | B | ≈ 2.5% – 50% via Lep Simplicity Holdings, L.P. |
| Lep Pequod Gp, Llc | General Partner | Jan 2024 | B | GP / trustee / elected manager of Lep Pequod Holdings, Lp (indirect) |
| Lee Equity Partners Iii Gp, Llc | General Partner | Jan 2024 | B | GP / trustee / elected manager of Lep Simplicity Holdings, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Brown, Dennis: 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- M & O Capital, Llc: 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Brown Holdco, Inc.: 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Simplicity Financial Marketing Holdings, Inc.: 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Simplicity Financial Marketing Group Holdings, Inc.: 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Peqoud Topco, Inc.: 75% – 100% of Pequod Midco, Inc. × 75% – 100% of Simplicity Financial Marketing Group Holdings, Inc. × 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Pequod Midco, Inc.: 75% – 100% of Simplicity Financial Marketing Group Holdings, Inc. × 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Lep Pequod Holdings, Lp: 75% – 100% of Peqoud Topco, Inc. × 75% – 100% of Pequod Midco, Inc. × 75% – 100% of Simplicity Financial Marketing Group Holdings, Inc. × 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 13.35% – 100% of the firm
- Lep Simplicity Holdings, L.P.: 75% – 100% of Lep Pequod Holdings, Lp × 75% – 100% of Peqoud Topco, Inc. × 75% – 100% of Pequod Midco, Inc. × 75% – 100% of Simplicity Financial Marketing Group Holdings, Inc. × 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 10.01% – 100% of the firm
- Lee Equity Partners Fund Iii, L.P.: 50% – 75% of Lep Simplicity Holdings, L.P. × 75% – 100% of Lep Pequod Holdings, Lp × 75% – 100% of Peqoud Topco, Inc. × 75% – 100% of Pequod Midco, Inc. × 75% – 100% of Simplicity Financial Marketing Group Holdings, Inc. × 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 5.01% – 75% of the firm
- Platform M & O Holdings, Llc: 25% – 50% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Platform Partners Capital, Llc: 25% – 50% of Platform M & O Holdings, Llc × 25% – 50% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Lee Equity Partners Fund Iii(a), L.P.: 25% – 50% of Lep Simplicity Holdings, L.P. × 75% – 100% of Lep Pequod Holdings, Lp × 75% – 100% of Peqoud Topco, Inc. × 75% – 100% of Pequod Midco, Inc. × 75% – 100% of Simplicity Financial Marketing Group Holdings, Inc. × 75% – 100% of Simplicity Financial Marketing Holdings, Inc. × 75% – 100% of M & O Capital, Llc × 75% – 100% of Core Capital Holdings, Llc × 75% – 100% direct ≈ 2.5% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Choice Pooled Employer Plan Iii | Administrative Group, Llc Dba Transamerica Fiduciary Services | 2,783 | $53.1M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Criminal · Item 11.A(1), 11.A(2)
as of Oct 17, 2024
Summary: CHARGE WAS PLEADED OUT TO A MISDEMEANOR.
Regulatory · Item 11.D(4)
as of Oct 17, 2024
Allegations: FIRM WAS ALLEGED TO HAVE VIOLATIONS RELATING TO THE REGISTRATION OF ASSOCIATED PERSONS IN CATEGORIES TO THEIR FUNCTIONS AND RESPONSIBILITIES RELATING TO INVESTMENT BANKING; THE REGISTRATION AND INSPECTION OF BRANCH OFFICES; AND NET CAPITAL AND RECORDKEEPING. Status: Final Sanction Detail: NO PORTION OF THE FINE WAS WAIVED AND IT WAS TIMELY PAID AS INSTRUCTED IN THE AWC. Summary: THE FIRM ACCEPTED AND CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS, AND SOLELY FOR THE PURPOSES OF THE PROCEEDING AND ANY OTHER PROCEEDING BROUGHT BY OR ON BEHALF OF FINRA, OR TO WHICH FINRA IS A PARTY, PRIOR TO A HEARING AND WITHOUT AN ADJUDICATION OF ANY ISSUE OF LAW OR FACT, TO THE ENTRY OF THE FOLLOWING FINDINGS BY FINRA: REGISTRATION OF INVESTMENT BANKING PERSONNEL; BRANCH OFFICE REGISTRATION AND INSPECTION; NET CAPITAL AND RECORDKEEPING.
Regulatory · Item 11.D(4)
as of Oct 17, 2024
Allegations: RR OF AFFILIATED BD PLED GUILTY AND NO CONTEST TO MULTIPLE COUNTS OF EMBEZZLEMENT FROM HIS CLIENTS IN EXCESS OF $2000000. BD AND ITS CEO WERE FOUND BY STATE TO HAVE INADEQUATELY SUPERVISED HIM LEADING TO FAILURE TO TIMELY DISCOVER HIS ACTIONS. Status: Final Sanction Detail: THE FINE WAS PAID JULY 31, 2018. THE BD IS CURRENTLY INVOLVED IN SEEKING RFPS FOR THE THIRD PARTY COMPLIANCE REVIEW AND EXPECTS TO SELECT A CANDIDATE AND BEGIN THAT PROCESS SHORTLY. Summary: THE RR AT ISSUE HAS PLED GUILTY OR NO CONTEST TO MULTIPLE COUNTS OF EMBEZZLEMENT; THE BD AT ISSUE HAS ENTERED INTO A SETTLEMENT WITH THE STATE, ACCEPTED ITS CENSURE AND PAID THE FINE. IT IS CURRENTLY SEEKING RFPS FOR THE THIRD PARTY COMPLIANCE REVIEW.
Regulatory · Item 11.D(4), 11.E(2)
as of Oct 17, 2024
Allegations: FIRM WAS ALLEGED TO HAVE FAILED TO FOLLOW ITS PROCEDURES RELATING TO THE REVIEW OF MUNICIPAL BOND TRADES AND THEREFORE MISSED THE FAILURE OF ITS CLEARING FIRM TO HAVE REPORTED CERTAIN TRADES. Status: Final Sanction Detail: NO PORTION OF THE FINE WAS WAIVED AND IT WAS TIMELY PAID AS ORDERED IN DECEMBER 2017. Summary: THE FIRM DID NOT RECEIVE TIMELY NOTICE OF TRADES FROM THE MSRB DUE TO ITS FAILURE TO FOLLOW ITS PROCEDURES RELATING TO MUNICIPAL BOND TRADE REVIEW.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $4.0B (99% of AUM) Mar 2026
- RBC $32.1M (1% of AUM) Mar 2026
- Axos Clearing $2.5M (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗