Chico Wealth Ria, Inc. (Chico)


Chico Wealth Ria, Inc. is a large advisory firm based in Chico. It manages $223.03 million of regulatory assets for 555 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of California.

Chico Wealth Ria provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chico Wealth Ria: assets under management

The assets under management (AUM) of Chico Wealth Ria, Inc. is $223.03 million. The firm's AUM has grown by 77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204.03 million in discretionary accounts and $19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $374.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.9 million.
Chico Wealth Ria has custody of $223.03 million in cash and securities for 212 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chico Wealth Ria, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Chico Wealth Ria serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Chico Wealth Ria is high net worth individuals with 41 clients and $143.33 million of assets under management. Among the 8 most similar advisory firms, Chico Wealth Ria has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $223.03 million for 212 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.

Chico Wealth Ria doesn't advise any private funds.

Careers at Chico Wealth Ria, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 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
Ryan Timothy O'donnell Managing member/chief compliance officer 1 Mar 2012 75% - 100% 4950283

Based in Chico

The principal office where Chico Wealth Ria, Inc. performs its advisory services is located at 2571 California Park Dr., Ste. 130, Chico, CA 95928, 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 530-564-0960 or by fax 530-564-1034. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at chicowealth.com/.