Fcci Consulting, LLC (Lake Success)

Fcci Consulting, LLC is a large advisory firm based in Lake Success. It manages $180.23 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Fcci Consulting provides portfolio management for pooled investment vehicles 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.

Fcci Consulting: assets under management

The assets under management (AUM) of Fcci Consulting, LLC is $180.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $180.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60.08 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fcci Consulting, LLC for their services and products based on a percentage of assets under management and performance-based 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 Fcci Consulting serves?

The only and largest group of clients of Fcci Consulting is pooled investment vehicles with 3 clients and $180.23 million of assets under management. Among the 8 most similar advisory firms, Fcci Consulting has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $180.23 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Fcci Consulting also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Fcci Consulting, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Stephen T Perrino	Partner / coo & cco	1 Feb 2009	Other	4356467
Carl August Friedrich	Partner & cio	1 Feb 2014	Other	2588466
Friedrich Perrino Llc	Holding company	1 Mar 2019	75% - 100%	83-3987622

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Carl August Friedrich	Shareholder	1 Mar 2019	50% - 75%	2588466
Stephen T Perrino	Shareholder	1 Mar 2019	50% - 75%	4356467

Based in Lake Success

The principal office where Fcci Consulting, LLC performs its advisory services is located at 3 Dakota Drive, Lake Success, NY 11042, 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 631-623-8290 or by fax 631-861-3340. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday.