Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv, Inc. (Hillside)


Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv, Inc. is a multi-state adviser based in Hillside. It manages $12.25 million of regulatory assets for 49 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Florida, and 19 other states.

Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv: assets under management

The assets under management (AUM) of Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv, Inc. is $12.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 434% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $12.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $249.97 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv, 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 Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv serves?

The firm provides services to individuals and charitable organizations. The largest group of clients of Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv is individuals with 31 clients and $9 million of assets under management. Among the 1 most similar advisory firms, Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $12.25 million for 32 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.

Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv doesn't advise any private funds.

Careers at Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv, 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. 4 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
Llc Native Tribal Alliance Sole shareholder 1 May 2013 75% - 100% 45-5179919
Christopher Richard Wurtzinger Corporate secretary 1 Jun 2013 Other 1921024
Michael Fitzgerald Dunne Registered principal/cco 1 Aug 2013 Other 1676474
Nicholas Thomas Avello Corporate secretary 1 May 2019 Other 1488144

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Quegh Ke Shareholder 1 Mar 2012 50% - 75% 45-4648163
Michael Fitzgerald Dunne Shareholder 1 Mar 2012 75% - 100% 1676474
Worlds Best Holding Company Shareholder 1 Mar 2013 25% - 50% 45-4000725

Based in Hillside

The principal office where Algonquin Financial Adv, Inc. D/B/A Avellino Financial Adv, Inc. performs its advisory services is located at 4415 Harrison Street, Hillside, IL 60162, 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 855-885-1650 or by fax 312-241-1477. The normal business hours are by appointment on Other. You can find more information about the New York firm at afawm.com.