D'arcangelo Financial Group, LLC (Utica)

D'arcangelo Financial Group, LLC is a related adviser based in Utica. It manages $13.41 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, New York, and Ohio.

D'arcangelo Financial Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and tax planning services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

D'arcangelo Financial Group: assets under management

The assets under management (AUM) of D'arcangelo Financial Group, LLC is $13.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3431% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $319.32 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay D'arcangelo Financial Group, 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 Michael Charles Stewart serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Charles Stewart is high net worth individuals with 10 clients and $9.87 million of assets under management. Among the 1 most similar advisory firms, D'arcangelo Financial Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $13.41 million for 29 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.

D'arcangelo Financial Group doesn't advise any private funds.

Careers at D'arcangelo Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 5 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 receive compensation from other entities for client referrals.

Michael Charles Stewart has been acting as President since 1 Mar 2009. Laurie Ann Schoen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
D'arcangelo Holding Llc	Member	1 Mar 2009	25% - 50%	26-4236770
Paradigmci Holding Llc	Managing member	1 Mar 2009	50% - 75%	26-4236653
Janice Powers Williams	Chief compliance officer	1 Mar 2009	Other	1901772
Robert R. (Mi Only) Ritz	Vice president	1 Mar 2009	Other	5650663
Mark David Semo	Chief executive officer	1 Mar 2009	Other	4510144
Michael Charles Stewart	President	1 Mar 2009	Other	1869443
Laurie Ann Schoen	Vice president	1 Mar 2009	Other	2105347
Diane M. (Mi Only) Fowler	Secretary	1 Mar 2009	Other	5650776
Robert R. Ritz	Vice president	1 Mar 2009	Other	5650663
Diane M. Fowler	Secretary	1 Mar 2009	Other	5650776
Laurie Ann Schoen	Chief compliance officer	1 Apr 2019	Other	2105347

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert R. (Mi Only) Ritz	Managing member	1 Feb 2009	Other	5650663
Michael Charles Stewart	Member	1 Feb 2009	25% - 50%	1869443
Laurie Ann Schoen	Member	1 Feb 2009	25% - 50%	2105347
Mark David Semo	Managing member	1 Feb 2009	Other	4510144
Laurie Ann Schoen	Member	1 Jun 2010	25% - 50%	2105347
Amy Louise Mielnicki	Member	1 Jun 2010	25% - 50%	2105349

Based in Utica

The principal office where D'arcangelo Financial Group, LLC performs its advisory services is located at 133 Business Park Drive, Utica, NY 13502, which is also the mailing address of the firm. An additional office of the firm is in Rome, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 315-797-8401 or by fax 315-797-8403. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday.