Xpyria Investment Advisors, Inc. (Pittsburgh)

Name: Xpyria Investment Advisors, Inc.
Address: Two Gateway Center, Suite 1850, Pittsburgh, PA, 15222
Telephone: 412-232-3310

Xpyria Investment Advisors, Inc. is a large advisory firm based in Pittsburgh. It manages $628.32 million of regulatory assets for 788 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Maryland and Pennsylvania.

Xpyria Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Xpyria Investment Advisors: assets under management

The assets under management (AUM) of Xpyria Investment Advisors, Inc. is $628.32 million. The firm's AUM has grown by 84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $626.02 million in discretionary accounts and $2.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $800.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $383.03 thousand.

Xpyria Investment Advisors has custody of $50.61 million in cash and securities for 63 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Xpyria Investment Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Xpyria Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Xpyria Investment Advisors is high net worth individuals with 90 clients and $302.21 million of assets under management. Among the 11 most similar advisory firms, Xpyria Investment Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $628.32 million for 296 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.

Xpyria Investment Advisors doesn't advise any private funds.

Careers at Xpyria Investment Advisors, Inc.

The company employs 10 people that are either part- or full-time employees. 70 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
James Edward Yanni	Principal and investment strategist	1 Jun 1990	Other	474053
John Herman Cummings	Principal, investment strategist, chief compliance officer, secretary	1 Jan 2001	25% - 50%	2517008
Bret Jonathan Stutzman	Principal, investment strategist & vice president	1 Jan 2002	25% - 50%	2939377
Michael Bernard Giammatteo	Principal, investment strategist	1 Jan 2006	Other	2768433
Joseph Gugliotta Salpietro	Principal, investment strategist, president, treasurer	1 Jul 2006	25% - 50%	2857692
Michael Bernard Giammatteo	Principal, investment strategist & vice president	1 Feb 2008	Other	2768433

Based in Pittsburgh

The principal office where Xpyria Investment Advisors, Inc. performs its advisory services is located at Two Gateway Center, Suite 1850, Pittsburgh, PA 15222, 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 412-232-3310 or by fax 412-232-3340. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at xpyriainvest.com.