Schiavi & Company LLC (Wilmington)

Name: Schiavi & Company LLC
Address: 2710 Centerville Road, Wilmington, DE, 19808 1644
Telephone: 302-994-4444

Schiavi & Company LLC is a large advisory firm based in Wilmington. It manages $395.45 million of regulatory assets for 179 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Delaware, Florida, Maryland, and 3 other states.

Schiavi & Company provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schiavi & Company: assets under management

The assets under management (AUM) of Schiavi & Company LLC is $395.45 million. The firm's AUM has grown by 113% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $343.16 million in discretionary accounts and $52.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.73 million.

Schiavi & Company has custody of $5.58 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schiavi & Company LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vincent Alfred Schiavi serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Vincent Alfred Schiavi is high net worth individuals with 164 clients and $382.96 million of assets under management. Among the 5 most similar advisory firms, Schiavi & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $395.45 million for 182 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Schiavi & Company doesn't advise any private funds.

Careers at Schiavi & Company LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Vincent Alfred Schiavi has been acting as President since 1 Jan 2000. Schiavi & Co. joined the executive team most recently as the Ownership Entity.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vincent Alfred Schiavi	President/chief compliance officer/managing member	1 Jan 2000	Other	4343610
Vincent A Schiavi	President/chief compliance officer	1 Jan 2000	75% - 100%	4343610
Ravi Pravin Dattani	Vice president/member	1 Feb 2006	Other	2884960
Schiavi & Co.	Ownership entity	1 Jan 2007	50% - 75%	51-0395403
Ravi Corp.	Ownership entity	1 Jan 2007	25% - 50%	20-8495280

Based in Wilmington

The principal office where Schiavi & Company LLC performs its advisory services is located at 2710 Centerville Road, Wilmington, DE 19808 1644, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 302-994-4444 or by fax 302-994-4443. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sdfinancialadvisors.com.