Charter Research & Investment Group Inc (Southport)

Name: Charter Research & Investment Group Inc
Address: 2507 Post Road, Southport, CT, 06890
Telephone: 203-259-4004

Charter Research & Investment Group Inc is a large advisory firm based in Southport. It manages $191 million of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, New York, and Pennsylvania.

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

Charter Research & Investment Group: assets under management

The assets under management (AUM) of Charter Research & Investment Group Inc is $191 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 144% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $191 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $521.86 thousand each.

Charter Research & Investment Group has custody of $52.76 million in cash and securities for 61 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is state and local bonds, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Charter Research & Investment Group Inc for their services and products based on a percentage of assets under management 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 Paula Nicolette Luciani serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Paula Nicolette Luciani is high net worth individuals with 53 clients and $137.15 million of assets under management. Among the 11 most similar advisory firms, Charter Research & Investment Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $187.14 million for 159 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.

Charter Research & Investment Group doesn't advise any private funds.

Careers at Charter Research & Investment Group Inc

The company employs 4 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.

Paula Nicolette Luciani has been acting as President since 1 Nov 1988. Patrick John Clark joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paula Mastroni Luciani	President & chief compliance officer	1 Nov 1988	75% - 100%	1705680
Paula Nicolette Luciani	President	1 Nov 1988	75% - 100%	1705680
Patrick John Clark	Vice president	1 Nov 2000	Other	2682402
Patrick John Clark	Vice president	1 Dec 2009	Other	2682402

Based in Southport

The principal office where Charter Research & Investment Group Inc performs its advisory services is located at 2507 Post Road, Southport, CT 06890, 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 203-259-4004 or by fax 203-259-6941. The normal business hours are 9:00am to 4:00pm on Monday - Friday. You can find more information about the New York firm at charterinvestmentgroup.com.