Riazzi Asset Management, LLC (Dayton)

Name: Riazzi Asset Management, LLC
Address: 2331 Far Hills Avenue, Dayton, OH, 45419
Telephone: 937-643-1000

Riazzi Asset Management, LLC is a large advisory firm based in Dayton. It manages $139.75 million of regulatory assets for 188 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of North Carolina, Ohio, and Texas.

Riazzi Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Riazzi Asset Management: assets under management

The assets under management (AUM) of Riazzi Asset Management, LLC is $139.75 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $136.4 million in discretionary accounts and $3.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $807.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $176.44 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Riazzi Asset Management, 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 Riazzi Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Riazzi Asset Management is high net worth individuals with 79 clients and $59.4 million of assets under management. Among the 9 most similar advisory firms, Riazzi Asset Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $122.58 million for 177 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.

Riazzi Asset Management doesn't advise any private funds.

Careers at Riazzi Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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
John Carmen Riazzi	Managing member, chief compliance officer	1 Feb 2007	75% - 100%	1813944
Michelle Elizabeth Stevens	Co-managing member	1 Dec 2008	50% - 75%	4420838

Based in Dayton

The principal office where Riazzi Asset Management, LLC performs its advisory services is located at 2331 Far Hills Avenue, Dayton, OH 45419, 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 937-643-1000 or by fax 937-643-1001. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at riazzimgmt.com.