Aria Wealth Management, Inc. (San Jose)

Name: Aria Wealth Management, Inc.
Address: 1900 The Alameda, San Jose, CA, 95126
Telephone: 888-914-0491

Aria Wealth Management, Inc. is a large advisory firm based in San Jose. It manages $130.67 million of regulatory assets for 567 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arkansas, California, Florida, and Georgia.

Aria Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Aria Wealth Management: assets under management

The assets under management (AUM) of Aria Wealth Management, Inc. is $130.67 million. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $88.86 million in discretionary accounts and $41.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $172.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $804.12 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aria Wealth Management, 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 Aria Wealth Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Aria Wealth Management is individuals with 484 clients and $46.06 million of assets under management. Among the 10 most similar advisory firms, Aria Wealth Management has the 5th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $130.67 million for 567 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.

Aria Wealth Management doesn't advise any private funds.

Careers at Aria Wealth Management, Inc.

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Ltd. Omni Global Group	Parent company	1 Apr 2016	50% - 75%	05-0632831
Erik Allen Schei	Chief compliance officer	1 May 2017	Other	4886564
Erik Allen Schei	Chief compliance officer	1 Sep 2017	75% - 100%	4886564
Aria Wealth Llc	Owner	1 Mar 2019	75% - 100%	83-3586801
Lawrence Frederick Pizzella	Chief compliance officer	1 Apr 2019	Other	6616698
Lawrence F Pizzella	Chief compliance officer	1 Apr 2019	Other	6616698

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Luna Family Trust	Trust	1 Feb 2006	25% - 50%	xxx-xx-xxxx
Felipe Amor Luna	Trustee	1 Feb 2006	25% - 50%	2544514
Elizabeth Nmn Luna	Trustee	1 Feb 2006	25% - 50%	5198499

Based in San Jose

The principal office where Aria Wealth Management, Inc. performs its advisory services is located at 1900 The Alameda, San Jose, CA 95126 The mailing address of the firm is 1900 The Alameda, San Jose, CA 95126. An additional office of the firm is in The Villages, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-914-0491 or by fax 408-200-0370. The normal business hours are 8:00am - 4:00pm on Monday - Friday. You can find more information about the New York firm at ariawm.com and its LinkedIn profile.