Chapel Hill, NC Office

Chapman Financial Group, doing business as Kokua Capital Management, provides discretionary wealth management to individual and high-net-worth clients and also offers separate-account fixed-income sub-advisory services to other investment adviser firms. The firm manages household accounts on a tailored basis and typically requires a $500,000 minimum, with assets under management reported at roughly $224 million.

The firm follows an actively managed, long-term approach that combines fundamental and technical analysis and designs portfolios to match each client’s objectives and risk tolerance. For its separate account work, Kokua runs several fixed-income strategies — Core Municipal, Core Taxable, Total Return Taxable and custom mandates — and may adjust allocations or cash levels for special situations or tax considerations.

Distinctive features include its role as a sub-adviser to other advisory firms (a relatively uncommon client type) and the use of instruments and trading arrangements that go beyond typical retail wealth management: the brochure discloses use of options and structured products, inclusion of margin or other borrowing balances in account valuations, and access to prime brokerage and alternative trading systems to execute fixed-income trades and access new issues. The firm also generally leaves proxy voting to clients rather than routinely voting securities on their behalf.