Az Apice Capital Management LLC (Miami)

Name: Az Apice Capital Management LLC
Address: 1221 Brickell Avenue, Miami, FL, 33131
Telephone: 305-912-0915

Az Apice Capital Management LLC is a large advisory firm based in Miami. It manages $284.19 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Delaware, Florida, and 3 other states.

Az Apice Capital Management provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Az Apice Capital Management: assets under management

The assets under management (AUM) of Az Apice Capital Management LLC is $284.19 million. The firm's AUM has grown by 14% since the beginning of its operation, and $269.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $278.62 million in discretionary accounts and $5.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $327.72 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Az Apice Capital Management 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 Az Apice Capital Management serves?

The only and largest group of clients of Az Apice Capital Management is high net worth individuals with 108 clients and $284.19 million of assets under management. Among the 7 most similar advisory firms, Az Apice Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $284.19 million for 108 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 95% of the firm’s clients are foreign persons or businesses.

Az Apice Capital Management doesn't advise any private funds.

Careers at Az Apice Capital Management LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Gabriele Roberto Blei	Manager	1 Sep 2015	Other	6588771
Az Us Holdings Inc.	Member	1 Sep 2015	50% - 75%	47-5387252
Davide Arietto Barenghi	Manager	1 Sep 2015	Other	6588801
Marita Sobiglia Freddi	Manager	1 Sep 2015	Other	6588806
Maria Grazia Sonzogni	Manager	1 Sep 2015	Other	6588811
Davide A Barenghi	Manager	1 Sep 2015	Other	ya9955295
Marita S Freddi	Manager	1 Sep 2015	Other	aa3745268
Maria G Sonzogni	Manager	1 Sep 2015	Other	g326794
Piergiacomo Rock	Member, managing partner	1 Oct 2015	Other	4206723
Bruno Colaco Gorgatti	Member, managing partner	1 Feb 2016	Other	4259531
Walter Jose Alves	Member, managing partner	1 Feb 2016	Other	2784279
Robert M Brito	Chief compliance officer	1 Feb 2016	Other	2465126
Giuseppe Nmn Perrucci	Manager	1 Mar 2018	Other	6932921
Giuseppe Perrucci	Manager	1 Mar 2018	Other	6932921

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Azimut Holding Spa	Share holder	1 Oct 2010	50% - 75%	foreign entity
Az International Holdings Sa	Share holder	1 Sep 2015	50% - 75%	foreign entity

Based in Miami

The principal office where Az Apice Capital Management LLC performs its advisory services is located at 1221 Brickell Avenue, Miami, FL 33131, 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 305-912-0915 or by fax 305-912-0930. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at azapice.com.