Checchi Capital Advisers, LLC (Beverly Hills)

Name: Checchi Capital Advisers, LLC
Address: 9720 Wilshire Blvd, Beverly Hills, CA, 90212
Telephone: 310-432-0010

Checchi Capital Advisers, LLC is a large advisory firm based in Beverly Hills. It manages $789.19 million of regulatory assets for 161 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Nebraska, and Texas.

Checchi Capital Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Checchi Capital Advisers: assets under management

The assets under management (AUM) of Checchi Capital Advisers, LLC is $789.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1183% since the beginning of its operation, and $4.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $789.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.9 million each.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is government bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Checchi Capital Advisers, LLC for their services and products based on a percentage of assets under management. 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 Checchi Capital Advisers serves?

The firm provides services to investment companies, charitable organizations, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Checchi Capital Advisers is high net worth individuals with 146 clients and $479.69 million of assets under management. Among the 10 most similar advisory firms, Checchi Capital Advisers has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $713.09 million for 157 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.

Checchi Capital Advisers also advises several private funds.

Careers at Checchi Capital Advisers, LLC

The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Llc Loeb Capital West	Owner	1 Jan 2007	50% - 75%	xxx-xx-xxxx
Llc Canal Capital Partners	Owner	1 Jan 2007	Other	20-4383212
Llc Kinara Capital	Owner	1 Jan 2007	25% - 50%	xxx-xx-xxxx
Llc Loeb Capital West	Owner	1 Feb 2007	25% - 50%	20-8787962
Llc Canal Capital Partners	Owner	1 Feb 2007	Other	20-4383212
Llc Kinara Capital	Owner	1 Feb 2007	Other	20-8788001
Samuel Thomas Pfister	Partner	1 Jan 2014	Other	6463204
Wesley Hamilton Gallup	Chief compliance officer	1 Nov 2015	Other	5037007
Kathryn Checchi Irrevocable Gift Trust No. 1	Owner	1 Sep 2016	Other	81-6797362
Kathryn Checchi Irrevocable Gift Trust No. 2	Owner	1 Sep 2016	Other	81-6799777
Delia Tinaye Mupita	Chief compliance officer	1 Mar 2017	Other	6776332

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Adam Dean Checchi	Single member	1 Jan 2007	75% - 100%	4697959
Trust For The Benefit Of Adam Dean Checchi	Member	1 Jan 2007	25% - 50%	75-6320028
Trust For The Benefit Of Kristin Page Checchi	Member	1 Jan 2007	25% - 50%	95-6871739
Trust For The Benefit Of Kathryn Anne Checchi	Member	1 Jan 2007	25% - 50%	62-6189201
Checchi Family Trust	Member	1 Jan 2007	25% - 50%	xxx-xx-xxxx
Adam Dean Checchi	Single member	1 Feb 2007	75% - 100%	4697959
Trust For The Benefit Of Kristin Page Checchi	Member	1 Feb 2007	25% - 50%	95-6871739
Trust For The Benefit Of Kathryn Anne Checchi	Member	1 Feb 2007	25% - 50%	62-6189201
Alfred Attilio Checchi	Member	1 Feb 2007	Other	5320762
Kathryn Dean Checchi	Member	1 Feb 2007	Other	5320767
Richard Alan Whitman	Trustee	1 Feb 2007	Other	6116463
Trust For The Benefit Of Adam Dean Checchi	Member	1 Feb 2007	25% - 50%	75-6320028
Walter Ronald Anderson	Trustee	1 Feb 2007	Other	5322968
Robert Larry Burkett	Trustee	1 Feb 2007	Other	5322975
Adam Dean Checchi	Member	1 Aug 2012	Other	4697959
Kathryn Dean Checchi	Trustee	1 Sep 2016	Other	5320767

Based in Beverly Hills

The principal office where Checchi Capital Advisers, LLC performs its advisory services is located at 9720 Wilshire Blvd, Beverly Hills, CA 90212, 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 310-432-0010 or by fax 310-432-0013. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at checchicapital.com.