Cito Capital Group, LLC (Coral Gables)

Cito Capital Group, LLC is a large advisory firm based in Coral Gables. It manages $190.75 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Florida.

Cito Capital Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cito Capital Group: assets under management

The assets under management (AUM) of Cito Capital Group, LLC is $190.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $190.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.34 million each.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is government bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cito Capital Group, LLC for their services and products based on a percentage of assets under management. 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 Cito Capital Group serves?

The firm provides services to charitable organizations, high net worth individuals, and state or municipal government entities. The largest group of clients of Cito Capital Group is high net worth individuals with 9 clients and $124.67 million of assets under management. Among the 7 most similar advisory firms, Cito Capital Group has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $190.75 million for 11 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.

Cito Capital Group doesn't advise any private funds.

Careers at Cito Capital Group, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

William James Canida has served as the Chief Investment Officer since 1 Nov 2017. Brian William Canida joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian William Canida	Member	1 Nov 2016	75% - 100%	6747818
Tere Alvarez Canida	Member	1 Nov 2016	Other	4324409
Carolina Elizabeth Canida	Chief compliance officer	1 Nov 2016	Other	5682551
Maria Teresa Canida	Member	1 Nov 2016	Other	4324409
Carolina Canida	Member	1 Nov 2016	Other	5682551
William James Canida	Chief investment officer	1 Oct 2017	Other	4324415
William James Canida	Chief investment officer	1 Nov 2017	Other	4324415

Based in Coral Gables

The principal office where Cito Capital Group, LLC performs its advisory services is located at 255 Giralda Ave., Coral Gables, FL 33134, 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 786-477-6445 or by fax 305-397-1299. The normal business hours are office visits by appointment only on Other.