NEWS AND INSIGHTS FROM FINTRX
As the need for truly unbiased asset management becomes increasingly popular, registered investment advisors (RIAs) are looking for new opportunities to better serve their clientele. While the markets continue to face risks stemming from the pandemic, registered investment advisors are demonstrating their true-added value. In an effort to shine a light on the registered investment advisor arena, FINTRX explores three Florida-based RIAs with over three billion in assets under management (AUM).
In general terms, a registered investment advisor (RIA) is a firm advising or managing the wealth of high net-worth individuals or institutions. Directly regulated by the Securities Exchange Commission (SEC), RIAs offer a wide range of financial services - from wealth and investment management to direct lending and personal finance education, etc. An important distinction regarding RIAs is the fiduciary obligation to always act in the best interest of their clients.
For more information on RIAs, check out our recent blog post: Exploring the Registered Investment Advisor (RIA) Channel, or visit our Resource Library below.
In an effort to shine a light on RIAs, FINTRX explores three Florida-based RIAs with over three billion in AUM:
1. Eagle Asset Management = ~$33B+ in AUM
Founded in 1976, Eagle Asset Management - an affiliate of Carillon Tower Advisers - is a Saint Petersburg, FL-based investment management firm providing institutional and individual investors with a broad array of equity and fixed-income products designed to meet long-term goals. The firm's investment philosophy is designed to seek superior, risk-adjusted returns over the long term. Built on the cornerstones of intelligence, experience and conviction, Eagle Asset Management provides valuable insights into portfolio and company-specific risk(s).
- Founded: 1976
- Headquarters: Saint Petersburg, FL
- Discretionary Assets: ~$28B+
- Non-Discretionary Assets: ~$5B+
- Total AUM: ~$33B+
- Total Discretionary Clients: 19,244
- Total Non-Discretionary Clients: 15,761
- Total Clients: 35,005
- Specialties: Tailored asset management and investment management services
2. CV Advisors, LLC = ~$6.8B+ in AUM
Established in 2009, CV Advisors is a global multi-family office headquartered in Miami, Florida. The firm is independently owned and began operating as a registered investment advisor in August of 2012. CV Advisors provides investment advisory services to high net worth individuals, families, trusts, estates, foundations, endowments, charitable organizations, corporations or other qualified entities that have a minimum of $50 million in AUM. Based on a client’s risk assessment and preferences, funds are generally allocated across a range of traditional asset classes, asset types and individual investments. Although CV Advisors emphasizes the need for disciplined, long-term investment strategies, the firm will consider short-term investments to reduce risk or capture a specific investment opportunity.
- Founded: 2009 (became an RIA in 2012)
- Headquarters: Miami, FL
- Discretionary Assets: ~$586M+
- Non-Discretionary Assets: ~$6.22B+
- Total AUM: ~$6.8B+
- Total Clients: 926
- Specialties: Financial planning services; portfolio management for individuals, small businesses and/or institutional clients; selection of other advisors (including private fund managers) and consolidated financial reporting
3. Lamco Advisory Services, Inc. = ~3.2B+ in AUM
Established in 1990, Lamco Advisory Services is a Lake Mary, FL-based registered investment advisor firm providing retirement plan, private wealth and institutional wealth solutions. The firm has approximately $3.2 billion in assets and provides services to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisors and corporations. Lamco Advisory Services is registered to serve clients across five US states including Florida, Massachusetts, New Jersey, Rhode Island and Texas.
- Founded: 1990
- Headquarters: Lake Mary, FL
- Discretionary Assets: ~$1.79B
- Non-Discretionary Assets: ~$1.36B
- Total AUM: ~$3.2B+
- Total Clients: 220+
- Specialties: Retirement plan, private wealth and institutional solutions
FINTRX delivers an industry-leading suite of family office data and research solutions to the alternative wealth space and private capital markets. Engineered to help our clients identify and access family office capital in an intuitive manner, the FINTRX platform ensures accurate and updated family office data and research on 3,000+ single and multi-family offices worldwide.
December 16, 2020
Renae Hatcher is member of the marketing team at FINTRX - focused on delivering targeted & relevant family office content to our subscribers.