Fidato Wealth LLC (Middleburg Heights)


Fidato Wealth LLC is a large advisory firm based in Middleburg Heights. It manages $166.86 million of regulatory assets for 875 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Minnesota, and Ohio.

Fidato Wealth provides financial planning services, portfolio management for individuals and small businesses, and pension consulting 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.

Fidato Wealth: assets under management

The assets under management (AUM) of Fidato Wealth LLC is $166.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $166.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.69 thousand each.
Fidato Wealth has custody of $42.06 million in cash and securities for 145 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 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fidato Wealth LLC 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 Fidato Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fidato Wealth is individuals with 190 clients and $86.51 million of assets under management. Among the 8 most similar advisory firms, Fidato Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $165.18 million for 245 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.

Fidato Wealth doesn't advise any private funds.

Careers at Fidato Wealth LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Anthony Serafino D'amico Managing member & chief compliance officer 1 Jun 2011 75% - 100% 5753413
Tracy Kindall Compliance manager 1 Mar 2017 Other 6769704

Based in Middleburg Heights

The principal office where Fidato Wealth LLC performs its advisory services is located at 7530 Lucerne Dr, Middleburg Heights, OH 44130, which is also the mailing address of the firm. An additional office of the firm is in St. Cloud, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 440-572-5552 or by fax 440-580-4120. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at fidatowealth.com and its LinkedIn profile.