Aviance Capital Partners LLC (Naples)

Name: Aviance Capital Partners LLC
Address: 2180 Immokalee Road, #301, Naples, FL, 34110 1407
Telephone: 239-598-4747

Aviance Capital Partners LLC is a large advisory firm based in Naples. It manages $482.94 million of regulatory assets for 538 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, California, and 12 other states.

Aviance Capital Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Aviance Capital Partners: assets under management

The assets under management (AUM) of Aviance Capital Partners LLC is $482.94 million. The firm's AUM has grown by 299% since the beginning of its operation, and $3.74 million of the total AUM is attributable to clients outside of the United States.

The firm manages $464.64 million in discretionary accounts and $18.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $868.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.1 million.

Aviance Capital Partners has custody of $45.51 million in cash and securities for 45 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is state and local bonds, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Aviance Capital Partners LLC 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 Aviance Capital Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Aviance Capital Partners is high net worth individuals with 121 clients and $426.01 million of assets under management. Among the 8 most similar advisory firms, Aviance Capital Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $476.69 million for 244 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.

Aviance Capital Partners doesn't advise any private funds.

Careers at Aviance Capital Partners LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Dixon	Officer	1 Feb 2008	Other	4819262
Christian Cameron Bertelsen	Officer	1 Feb 2008	Other	824100
Llc Aviance Capital Management	Managing member	1 Mar 2008	75% - 100%	142367
Edward Christian Bertelsen	Chief compliance officer	1 Mar 2008	Other	2253600
Gary Thomas Dvorchak	Managing member	1 Mar 2008	Other	2265267
Llc Ftia Holdings	Managing member	1 Mar 2008	Other	00-0000000
Orville Duane Ward	Managing member	1 Feb 2009	25% - 50%	1555999
James Richard Neel	Member	1 Feb 2009	25% - 50%	1972022
Jack David Brown	Member	1 Jan 2012	Other	2457091
Jeffrey Stephen Pike	Chief compliance officer, chief operating officer, member	1 Feb 2012	Other	2972090
Jack David Brown	Managing member	1 Jan 2016	Other	2457091

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edward Christian Bertelsen	Managing member	1 Nov 2006	Other	2253600
Michael John Dixon	Managing member	1 Nov 2006	Other	4819262
Christian Cameron Bertelsen	Managing member	1 Nov 2006	Other	824100
Gary Thomas Dvorchak	Managing member	1 Nov 2006	Other	2265267
Llc Ftia Holdings	Managing member	1 Nov 2006	Other	00-0000000

Based in Naples

The principal office where Aviance Capital Partners LLC performs its advisory services is located at 2180 Immokalee Road, #301, Naples, FL 34110 1407, 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 239-598-4747 or by fax 239-598-4244. The normal business hours are 8:30 a.m - 5 p.m. on Monday - Friday. You can find more information about the New York firm at aviancecapitalpartners.com.