Valicenti Advisory Services Inc (Elmira)

Name: Valicenti Advisory Services Inc
Address: 400 East Water Street, Elmira, NY, 14901 3411
Telephone: 607-734-2665

Valicenti Advisory Services Inc is a large advisory firm based in Elmira. It manages $425.02 million of regulatory assets for 1,764 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 10 other states.

Valicenti Advisory Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Valicenti Advisory Services: assets under management

The assets under management (AUM) of Valicenti Advisory Services Inc is $425.02 million. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $411.47 million in discretionary accounts and $13.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $236.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $615.79 thousand.

Valicenti Advisory Services has custody of $143.73 million in cash and securities for 279 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Valicenti Advisory Services Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Vincent Valicenti serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Vincent Valicenti is high net worth individuals with 453 clients and $212.51 million of assets under management. Among the 6 most similar advisory firms, Valicenti Advisory Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $425.02 million for 906 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.

Valicenti Advisory Services doesn't advise any private funds.

Careers at Valicenti Advisory Services 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.

Vincent Valicenti has been acting as President since 1 Apr 1984. Joseph Michael Valicenti joined the executive team most recently as the President Ceo Coo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vincent Valicenti	President	1 Apr 1984	75% - 100%	2775007
Vincent Robert Valicenti	President ceo	1 Apr 1984	75% - 100%	2775007
Cheryl Elizabeth Lonie	Corporate secretary	1 Nov 1990	Other	4393030
Cheryl Ricks Lonie	Corporate secretary	1 Nov 1990	Other	4393030
Ralph Henry Roberts	Vice president	1 Oct 1996	Other	4393039
Joseph Valicenti	Vice president	1 Oct 1996	Other	2788600
Joseph Michael Valicenti	Vice president coo	1 Oct 1996	Other	2788600
Jeffrey Naylor	Vice president	1 Oct 1998	Other	2788601
Jeffrey Scott Naylor	Vice president cfo	1 Oct 1998	Other	2788601
Vincent Robert Valicenti	Chairman of the board	1 May 2005	Other	2775007
Jeffrey Scott Naylor	Executive vice president cfo chief compliance officer	1 May 2005	25% - 50%	2788601
Joseph Michael Valicenti	President coo	1 May 2005	Other	2788600
Theresa Rose Stewart	Corporate secretary	1 Dec 2007	Other	5467276
Joseph Michael Valicenti	President ceo coo	1 Dec 2008	25% - 50%	2788600

Based in Elmira

The principal office where Valicenti Advisory Services Inc performs its advisory services is located at 400 East Water Street, Elmira, NY 14901 3411, which is also the mailing address of the firm. An additional office of the firm is in Corning, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 607-734-2665 or by fax 607-734-6845. The normal business hours are 9:00am-4:30pm on Monday - Friday. You can find more information about the New York firm at valicenti.com.