Monetta Financial Services Inc (Wheaton)


Monetta Financial Services Inc is a large advisory firm based in Wheaton. It manages $130.45 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Monetta Financial Services provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Monetta Financial Services: assets under management

The assets under management (AUM) of Monetta Financial Services Inc is $130.45 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $130.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $65.23 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Monetta Financial Services Inc 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 Robert Samuel Bacarella serves?

The only and largest group of clients of Robert Samuel Bacarella is investment companies with 2 clients and $130.45 million of assets under management. Among the 10 most similar advisory firms, Monetta Financial Services has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $130.45 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Monetta Financial Services doesn't advise any private funds.

Careers at Monetta Financial Services Inc

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Robert Samuel Bacarella has been acting as President since 1 Nov 1975. Lawrence William Clay joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Samuel Bacarella Chairman/president & director 1 Nov 1975 75% - 100% 1522109
Anthony Pontarelli Passive investor 1 Dec 1987 Other 4351997
Virgil Pontarelli Passive investor 1 Dec 1987 Other 4359499
Maria Luisa Denicolo Cfo/cco/treasurer & secretary 1 Jun 1992 Other 2367505
Maria Luisa De Nicolo Cfo/cco/treasurer & secretary 1 Jun 1992 Other 2367505
Christina Maria Curtis Assistant secretary 1 Nov 1995 Other 4358271
Timothy Ralph Detloff Vice president 1 Jan 1996 Other 4358265
William Ralph Bacarella Vice president 1 Jan 2000 Other 1678390
Robert James Bacarella V. p., cfo, treasurer & director 1 Feb 2010 Other 5645558
Heather Leigh Nichols Chief compliance officer 1 Nov 2012 Other 6143298
Gino Emedio Malaspina Chief compliance officer 1 Mar 2013 Other 6052662
John Joseph Canning Chief compliance officer 1 Jul 2014 Other 2372442
Douglas Nelson Tyre Chief compliance officer 1 Mar 2016 Other 4556156
Douglas N Tyre Chief compliance officer 1 Mar 2016 Other 4556156
Lawrence William Clay Chief compliance officer 1 Nov 2018 Other 3034922

Based in Wheaton

The principal office where Monetta Financial Services Inc performs its advisory services is located at 1776 A South Naperville Road, Wheaton, IL 60189 5831, 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 630-462-9800 or by fax 630-462-9332. The normal business hours are 8:30am to 5:00pm central time on Monday - Friday. You can find more information about the New York firm at younginvestorfund.com.