Petix & Botte Company (La Mesa)

Name: Petix & Botte Company
Address: 7777 Alvarado Road, La Mesa, CA, 91942
Telephone: 619-698-6500

Petix & Botte Company is a large advisory firm based in La Mesa. It manages $174 million of regulatory assets for 510 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, and Texas.

Petix & Botte Company provides financial planning services, portfolio management for individuals and small businesses, 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.

Petix & Botte Company: assets under management

The assets under management (AUM) of Petix & Botte Company is $174 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $341.18 thousand each.

Petix & Botte Company has custody of $92.98 million in cash and securities for 213 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Petix & Botte Company 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.

What kind of clients Petix & Botte Company serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Petix & Botte Company is high net worth individuals with 70 clients and $101.8 million of assets under management. Among the 8 most similar advisory firms, Petix & Botte Company has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $174 million for 311 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.

Petix & Botte Company doesn't advise any private funds.

Careers at Petix & Botte Company

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Vickie Linn Petix Reichert	Partner	1 May 2014	25% - 50%	2072813
Paul William Botte	Partner and chief compliance officer	1 May 2014	25% - 50%	1305108

Based in La Mesa

The principal office where Petix & Botte Company performs its advisory services is located at 7777 Alvarado Road, La Mesa, CA 91942, 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 619-698-6500 or by fax 619-698-6502. The normal business hours are 8:30 - 4:00pm on Monday - Friday. You can find more information about the New York firm at petixandbotte.com.