Cic Wealth, LLC is a large advisory firm based in Rockville. It manages $402.22 million of regulatory assets for 1,341 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Connecticut, and 13 other states.
Cic Wealth provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cic Wealth, LLC is $402.22 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cic Wealth, LLC 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Brett Fein is high net worth individuals with 111 clients and $280.4 million of assets under management. Among the 11 most similar advisory firms, Cic Wealth has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $401.7 million for 556 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.
Cic Wealth doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 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 don’t receive compensation from other entities for client referrals.
Michael Brett Fein has been acting as President since 1 Nov 2017. Andrew Brian Goodman has served as the Chief Investment Officer since 1 Nov 2017. Frank Chris Cappadora joined the executive team most recently as the Managing Partner.
The principal office where Cic Wealth, LLC performs its advisory services is located at 1101 Wootton Parkway, Rockville, MD 20852, which is also the mailing address of the firm. An additional office of the firm is in Owings Mills, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 301.816.4683. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at cicwealth.com.