Investacorp Advisory Services Inc (Miami)

Name: Investacorp Advisory Services Inc
Address: 4400 Biscayne Blvd, Miami, FL, 33137
Telephone: 305-557-3000

Investacorp Advisory Services Inc is a large advisory firm based in Miami. It manages $2.39 billion of regulatory assets for 7,016 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Investacorp Advisory Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Investacorp Advisory Services: assets under management

The assets under management (AUM) of Investacorp Advisory Services Inc is $2.39 billion. The firm's AUM has grown by 437% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.91 billion in discretionary accounts and $475.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $269.96 thousand.

Investacorp Advisory Services has custody of $2.39 billion in cash and securities for 7,016 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Investacorp Advisory Services Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Bruce Albert Zwigard serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bruce Albert Zwigard is individuals with 6,605 clients and $1.68 billion of assets under management. Among the 9 most similar advisory firms, Investacorp Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.39 billion for 7,016 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.

Investacorp Advisory Services doesn't advise any private funds.

Careers at Investacorp Advisory Services Inc

The company employs 270 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 220 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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 receive compensation from other entities for client referrals.

Bruce Albert Zwigard has been acting as President since 1 Apr 1984. Marcus Anthony Arneaud joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Albert Zwigard	Director	1 Apr 1984	Other	871944
David Michael Rappaport	Officer	1 Aug 1994	Other	2245537
Asela Mantecon	Executive vp/cfo/treasurer	1 Oct 2007	Other	1716905
Ladenburg Thalmann Financial Services	Sole shareholder of investacorp advisory services, inc.	1 Dec 2007	75% - 100%	22-3375462
Philip Salvatore Blancato	Director	1 Jan 2008	Other	2122221
Joseph Giovanniello	Director	1 Jan 2008	Other	3086071
Patrick Christopher Farrell	Secretary/director	1 Jan 2008	Other	1454441
Diane Marie Chillemi	Director	1 Jan 2008	Other	2916563
Patrick Christopher Farrell	Ceo/ president/ director	1 Feb 2008	Other	1454441
Curt William Knapp	Chief compliance officer/vice president	1 Feb 2008	Other	1206432
Peter George Pecci	Executive vp/coo/secretary	1 Feb 2008	Other	2435388
Curt William Knapp	Vice president	1 Mar 2008	Other	1206432
Brett H Kaufman	Director	1 Jun 2008	Other	5514420
Michel Tsaparlis	Chief compliance officer	1 Mar 2009	Other	2054634
Marcus Anthony Arneaud	Chief compliance officer	1 May 2012	Other	2858859

Based in Miami

The principal office where Investacorp Advisory Services Inc performs its advisory services is located at 4400 Biscayne Blvd, Miami, FL 33137, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-557-3000 or by fax 305-362-9650. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at investacorp.com and its LinkedIn profile.