The David J. Yvars, Group, Inc (Valhalla)


The David J. Yvars, Group, Inc is a large advisory firm based in Valhalla. It manages $205.17 million of regulatory assets for 811 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

The David J. Yvars, Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 651 clients. On top of advisory services, the firm doesn't engage in other business activities.

The David J. Yvars, Group: assets under management

The assets under management (AUM) of The David J. Yvars, Group, Inc is $205.17 million. The firm's AUM has grown by 479% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.08 million in discretionary accounts and $63.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $415.06 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The David J. Yvars, Group, 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 The David J. Yvars, Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The David J. Yvars, Group is high net worth individuals with 378 clients and $95.26 million of assets under management. Among the 9 most similar advisory firms, The David J. Yvars, Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $154.96 million for 629 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.

The David J. Yvars, Group doesn't advise any private funds.

Careers at The David J. Yvars, Group, Inc

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David James Yvars President and chief compliance officer 1 Mar 2004 75% - 100% 1046676
Deano Anthony Passariello Executive vice president 1 Mar 2004 Other 4526449
Joseph Dennis Lee Vice president 1 Jun 2004 Other 4469540
Maryjo Collabolletta Chief operating officer 1 Mar 2008 Other 2767235
Mary Jo Collabolletta Chief operating officer 1 Mar 2008 Other 2767235
Maryjo Nardone Chief finanical officer 1 Mar 2008 Other 2767235
Esterina Maria Spena Chief operating officer 1 Mar 2008 Other 5504526
David James Yvars Chief financial officer 1 Feb 2009 Other 5387045
David James Jr Yvars Chief financial officer 1 Feb 2009 Other 5387045

Based in Valhalla

The principal office where The David J. Yvars, Group, Inc performs its advisory services is located at 400 Columbus Avenue, Valhalla, NY 10595, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914 741 9700 or by fax 914 741 9714. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at yvarsgroup.com.