International Assets Investment Management, LLC (Orlando)


International Assets Investment Management, LLC is a large advisory firm based in Orlando. It manages $794.45 million of regulatory assets for 3,348 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

International Assets Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

International Assets Investment Management: assets under management

The assets under management (AUM) of International Assets Investment Management, LLC is $794.45 million. The firm's AUM has grown by 951% since the beginning of its operation, and $12.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $668.67 million in discretionary accounts and $125.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $243.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $207.89 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 32% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 31% of the firm’s portfolio. Investments in exchange traded securities form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay International Assets Investment Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Edward Richard Cofrancesco serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Edward Richard Cofrancesco is individuals with 2,948 clients and $467.01 million of assets under management. Among the 12 most similar advisory firms, International Assets Investment Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $794.45 million for 3,348 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

International Assets Investment Management doesn't advise any private funds.

Careers at International Assets Investment Management, LLC

The company employs 103 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 103 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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 receive compensation from other entities for client referrals.

Edward Richard Cofrancesco has been acting as President since 1 Dec 2006. Llc 4winns joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Pecunia Management Managing member/owner 1 Dec 2006 75% - 100% 20-5570693
Edward Richard Cofrancesco President 1 Dec 2006 Other 2305035
Sheri Mingus Cuff Chief operating officer 1 Dec 2006 Other 1477228
Hope Lynee' Newsome Chief compliance officer 1 Dec 2006 Other 3267142
Richard Harry Panchookian Sr. managing partner 1 Dec 2006 Other 1814861
Jeffrey Gerald Winn Managing partner 1 Jan 2007 Other 2375998
Ann Katherine Moore Chief compliance officer 1 Aug 2008 Other 5535928
Richard Jay Weiss Cco 1 Jan 2018 Other 2523174
Myra Pearle Nicholson Chief legal officer 1 Feb 2018 Other 2740029
David S Weinberger Chief financial officer 1 Feb 2018 Other 2676116

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Edward Richard Cofrancesco Member 1 Nov 2004 75% - 100% 2305035
Richard Harry Panchookian Member 1 Dec 2004 75% - 100% 1814861
Inc. Cofrancesco Enterprises Member 1 Dec 2006 50% - 75% 56-2487551
Llc Alta Vista Wealth Management Member 1 Dec 2006 50% - 75% 20-3333042
Sheri Mingus Cuff Non registered owner 1 Dec 2017 Other 1477228
Jeffrey Gerald Winn Registered owner 1 Dec 2017 Other 2375998
Llc 4winns Member 1 Jan 2019 Other 83-3040267

Based in Orlando

The principal office where International Assets Investment Management, LLC performs its advisory services is located at 390 North Orange Avenue, Orlando, FL 32801, 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 407-254-1516 or by fax 407-254-1505. The normal business hours are 8:30-5:00 on Monday - Friday.