Naples Global Advisors LLC (Naples)

Name: Naples Global Advisors LLC
Address: 720 5 Th Avenue South, Naples, FL, 34102
Telephone: 239-776-7900

Naples Global Advisors LLC is a large advisory firm based in Naples. It manages $596.87 million of regulatory assets for 809 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 3 other states.

Naples Global Advisors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Naples Global Advisors: assets under management

The assets under management (AUM) of Naples Global Advisors LLC is $596.87 million. The firm's AUM has grown by 343% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $584.26 million in discretionary accounts and $12.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $832.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.79 thousand.

Naples Global Advisors has custody of $124.1 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Naples Global Advisors 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 Naples Global Advisors serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Naples Global Advisors is high net worth individuals with 138 clients and $561.91 million of assets under management. Among the 7 most similar advisory firms, Naples Global Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $577.58 million for 167 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.

Naples Global Advisors doesn't advise any private funds.

Careers at Naples Global Advisors LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 10 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
John Mixon Suddeth	Chief investment officer, managing member	1 Jun 2011	25% - 50%	1653540
Michael H. Morris	Ceo/managing member	1 Jun 2011	25% - 50%	4513473
Naples Global Advisors Llc	Michael morris shareholder, john suddeth shareholder	1 Jun 2011	75% - 100%	45-2589778
Sarah Mcguire Geroy	Chief compliance officer, firm principal	1 Dec 2011	Other	2021861
Nicole Lynn Felts	Firm principal	1 Dec 2011	Other	4229237
Nicole Lynn Felts	Corporate officer & firm principal	1 Feb 2012	Other	4229237
Sundance Family Trust	Passive owner	1 Apr 2017	Other	65-6180675

Based in Naples

The principal office where Naples Global Advisors LLC performs its advisory services is located at 720 5 Th Avenue South, Naples, FL 34102, which is also the mailing address of the firm. An additional office of the firm is in Vero Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-776-7900 or by fax 239-776-7909. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at naplesglobaladvisors.com.