Ciccarelli Advisory Services Inc (Naples)


Ciccarelli Advisory Services Inc is a large advisory firm based in Naples. It manages $814.28 million of regulatory assets for 2,465 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Florida, Illinois, and 4 other states.

Ciccarelli Advisory Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ciccarelli Advisory Services: assets under management

The assets under management (AUM) of Ciccarelli Advisory Services Inc is $814.28 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 44% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ciccarelli Advisory Services Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ciccarelli Advisory Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ciccarelli Advisory Services is high net worth individuals with 296 clients and $488.8 million of assets under management. Among the 10 most similar advisory firms, Ciccarelli Advisory Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $814.28 million for 1,617 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.

Ciccarelli Advisory Services doesn't advise any private funds.

Careers at Ciccarelli Advisory Services Inc

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kim Ciccarelli Kantor President, owner 1 Oct 1985 50% - 75% 1106058
Raymond Frank Ciccarelli Vice-president, owner 1 Oct 1985 50% - 75% 46859
Paul Frank Ciccarelli Vice-president 1 Oct 1994 Other 2066191
Jill Ciccarelli Rapps Vice-president 1 Oct 1994 Other 2094363
Geral Jean Smith Chief compliance officer 1 Jul 2006 Other 1784547

Based in Naples

The principal office where Ciccarelli Advisory Services Inc performs its advisory services is located at 9601 Tamiami Trail North, Naples, FL 34108, which is also the mailing address of the firm. An additional office of the firm is in Rochester, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-262-6577 or by fax 239-649-6315. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at casmoneymatters.com and its LinkedIn profile.