Claremont Financial Group,Inc. (Claremont)

Name: Claremont Financial Group,Inc.
Address: 464 North Indian Hill Blvd., Claremont, CA, 91711 4650
Telephone: 909-624-9200

Claremont Financial Group,Inc. is a large advisory firm based in Claremont. It manages $92.75 million of regulatory assets for 592 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Nevada, and Texas.

Claremont Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Claremont Financial Group: assets under management

The assets under management (AUM) of Claremont Financial Group,Inc. is $92.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and $330 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $92.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.66 thousand each.

Claremont Financial Group has custody of $87 million in cash and securities for 225 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment and business development companies, which make up 44% 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 Claremont Financial Group,Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Gaetan Thomas Scalzo serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Gaetan Thomas Scalzo is individuals with 286 clients and $58.11 million of assets under management. Among the 6 most similar advisory firms, Claremont Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $92.75 million for 308 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.

Claremont Financial Group doesn't advise any private funds.

Careers at Claremont Financial Group,Inc.

The company employs 5 people that are either part- or full-time employees. 40 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.

Gaetan Thomas Scalzo has been acting as President since 1 Nov 2005. Bruce Leroy Davidson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Michael Fay	President/ceo	1 Jan 1994	75% - 100%	1049506
John Michael Fay	President/ceo	1 Feb 1994	75% - 100%	1049506
Emily Lou Fay	Secretary	1 Feb 1994	75% - 100%	2710169
Charles C Mann	Chief compliance officer	1 Jan 2005	Other	1010028
Nicholas Braun Scalzo	Equity partner/ceo	1 Nov 2005	50% - 75%	2486415
Gaetan Thomas Scalzo	Equity partner/president/cfo/secretary	1 Nov 2005	50% - 75%	2898363
John Michael Fay	Chairman	1 Nov 2005	Other	1049506
Nicholas B Scalzo	Chief compliance officer	1 Jan 2007	50% - 75%	1010028
Nicholas Braun Scalzo	Chief compliance officer	1 Jan 2007	50% - 75%	2486415
Christopher Edward Winn	Chief compliance officer	1 Apr 2013	Other	4639347
Matthew John Turnbull	Chief compliance officer	1 Apr 2017	Other	3020996
Bruce Leroy Davidson	Chief compliance officer	1 Nov 2018	Other	4409573

Based in Claremont

The principal office where Claremont Financial Group,Inc. performs its advisory services is located at 464 North Indian Hill Blvd., Claremont, CA 91711 4650, which is also the mailing address of the firm. An additional office of the firm is in Costa Mesa, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 909-624-9200 or by fax 909-624-1937. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at claremontfinancial.com.