Z3 Capital Partners
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$413,885,515
Clients
303
Advisors
3
of 5 employees
About
Z3 Capital Partners provides discretionary investment management and integrated financial planning to individuals (including high‑net‑worth clients) and to entities such as family offices, trusts, estates, private foundations, businesses and business owners. The firm delivers these services primarily through the Z3 Capital Partners Wrap Fee Program, which it sponsors and which aggregates management, custody and certain transaction services for participating accounts.
The firm applies fundamental analysis and active portfolio management within a structured, tiered framework called the Financial House (First Floor, Second Floor, Attic) to align income, growth and higher‑growth allocations; permitted investments include equities, mutual funds, ETFs, closed‑end funds and, when appropriate, insurance and annuity products. Accounts are generally managed on a discretionary basis, with financial planning incorporated into the advisory relationship, and custody and trade execution are typically routed through the Raymond James & Associates (RJA) Ambassador Program platform.
Distinctive aspects noted in the brochure include Z3’s role as a wrap fee program sponsor (a relatively uncommon arrangement among peers) and its formal relationship with DPL Financial Partners, LLC to support annuity and insurance solutions, while certain advisory personnel hold insurance licenses and may earn commission‑based compensation for insurance sales. The firm also discloses operational features that affect clients — for example, including margined securities in its fee calculations, use of standing letters of authorization for certain account transfers, and a typical $500,000 account minimum — which can influence custody, trading practices and product recommendations.
Client services
Expertise
Occupation focus
Fee options
$0 - $500,000: 2.00% $500,000 - $1,000,000: 1.75% $1,000,000 - $5,000,000: 1.50% $5,000,000 - $10,000,000: 1.00% Above $10,000,000+: Negotiable
Certain advisory persons licensed as insurance professionals earn commissions for insurance product sales separate from advisory fees
Account minimum: $500,000 Fee-only: Investment management fees paid as percentage of assets under management per tiered schedule; no additional fee for financial planning
Main office
1739 Kelly Road
Richmond VA 23230
Advisors at this office
3
Most active in
Florida · North Carolina · Pennsylvania · South Carolina · Texas · Virginia
Also doing business as
Z3 Capital Partners · Z3 Capital Partners, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Alicia B
Series 63, Series 65
Richmond, VA
Z3 Capital Partners
Alicia Borghi is a financial advisor at Z3 Capital Partners with 32 years of industry experience. She holds Series 63 and Series 65 licenses and has worked previously at Raymond James Financial Services Advisors Inc. and Wells Fargo Advisors. Z3 Capital Partners provides discretionary investment management and integrated financial planning to individuals, including high-net-worth clients, as well as family offices, trusts, estates, private foundations, businesses, and business owners. The firm employs fundamental analysis and active portfolio management within a structured framework to align income, growth, and higher-growth allocations, primarily managing accounts on a discretionary basis through a wrap fee program.
Scot M
Series 63, Series 65
Richmond, VA
Z3 Capital Partners
Scot Morris is a financial advisor with Z3 Capital Partners in Richmond, VA, holding Series 63 and Series 65 licenses and bringing 40 years of industry experience. Before joining Z3 Capital Partners in 2025, he worked at Halle Noel LLC and Raymond James Financial Services, as well as Wells Fargo Advisors. He is also involved as a business owner in a vintage furniture company operated by his wife. Z3 Capital Partners provides discretionary investment management and integrated financial planning to high-net-worth individuals, family offices, trusts, estates, private foundations, and business owners. The firm employs fundamental analysis and active portfolio management within a structured framework to align income, growth, and higher-growth allocations.
Gareth M
Series 66
Richmond, VA
Z3 Capital Partners
Gareth Mancini is a financial advisor at Z3 Capital Partners in Richmond, VA, holding a Series 66 designation with three years of industry experience. His prior roles include positions at Raymond James Financial Services and Davenport & Company LLC. Z3 Capital Partners provides discretionary investment management and integrated financial planning to individuals, including high-net-worth clients, as well as entities such as family offices, trusts, and businesses. The firm employs a structured framework called the Financial House to align income, growth, and higher-growth allocations, managing accounts primarily on a discretionary basis through a wrap fee program.
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