Checchi Capital Advisers, LLC is a large advisory firm based in Beverly Hills. It manages $789.19 million of regulatory assets for 161 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Nebraska, and Texas.
Checchi Capital Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Checchi Capital Advisers, LLC is $789.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1183% since the beginning of its operation, and $4.35 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Checchi Capital Advisers, 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.
The firm provides services to investment companies, charitable organizations, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Checchi Capital Advisers is high net worth individuals with 146 clients and $479.69 million of assets under management. Among the 10 most similar advisory firms, Checchi Capital Advisers has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $713.09 million for 157 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Checchi Capital Advisers also advises several private funds.
The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Checchi Capital Advisers, LLC performs its advisory services is located at 9720 Wilshire Blvd, Beverly Hills, CA 90212, 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 310-432-0010 or by fax 310-432-0013. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at checchicapital.com.