DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Ciccarelli Advisory Services Inc
Latest filing Sep 8, 2026
First filing on the tape Nov 22, 2011 · 29 filings
SEC status approved since Dec 31, 1985
RAUM
$1.6B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$1.6B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$159M
derived; firm RAUM over IAPD count
Employees
16
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$1.6B as of Nov 13, 2025
Nov 22, 2011$299M then
HNW client RAUM$971M as of Nov 13, 2025
Dec 6, 2017$347M then
State-registered IARs (5.B.3)11 as of Nov 13, 2025
Nov 22, 20110 then
Employees (5.A)16 as of Nov 13, 2025
Nov 28, 201241 then
Private funds: no history
RAUM +38% over the last fiscal year+11% a year over threeIARs 11 to 11
Practice profile
derived from the filing of Sep 8, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- RAUM per advisor
- $159MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 355derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $446,472derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 5.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -24%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, educational seminarsreportedItem 5.G
- Financial planning clients
- 3,553reportedItem 5.H
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$971M61%
- Individuals$615M39%
- Individual clients
- 3,007reported
- HNW clients
- 546reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 3,553reported
- Financial planning clients
- 3,553reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=15.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kim Ciccarelli KantorCertified Financial Planner | Naples, Fl | May 9, 1986 | 42 y | 1 |
| Raymond Frank Ciccarelli | Naples, Fl | May 9, 1986 | 42 y | 1 |
| Paul Frank CiccarelliCertified Financial Planner, Chartered Financial Consultant | Naples, Fl | Feb 3, 1993 | 36 y | 1 |
| Jill Ciccarelli RappsCertified Financial Planner | Naples, Fl | Jan 24, 1994 | 36 y | 1 |
| Lynn Ann Ferraina | Naples, Fl | Jan 9, 1996 | 34 y | 1 |
| Anthony Joseph Curatolo | Naples, Fl | Jan 29, 1997 | 44 y | 1 |
| Jasen Michael Gilbert | Naples, Fl | Jun 25, 2010 | 20 y | 1 |
| Steven Troy MerkelCertified Financial Planner, Chartered Financial Consultant | Bonita Springs, Fl | Sep 10, 2012 | 27 y | 5 |
| Judith G Alexander-Wasley | Rochester, Ny | Sep 10, 2012 | 16 y | 2 |
| Samantha R WebsterCertified Financial Planner | Rochester, Ny | Sep 10, 2012 | 25 y | 3 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Christopher L Lafountain to LPL Financial LLCApr 10, 2018 · RIA to RIA
- Jason Allen Baum to Rehmann WealthJul 8, 2015 · Other
- Wesley A Thompson to Fsc Securities CorporationOct 19, 2012 · Other
- Dustin Carl Rinaldi to Raymond James Financial Services Advisors, IncNov 2, 2011 · Other
Joined, latest
- Christopher L Lafountain from Fsc Securities CorporationJun 23, 2015 · Other
- Jason Allen Baum from Fsc Securities CorporationJul 15, 2013 · Other
- Samantha R Webster from Fsc Securities CorporationSep 10, 2012 · Other
- Steven Troy Merkel from Fsc Securities CorporationSep 10, 2012 · Other
- Judith G Alexander-Wasley from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 10, 2012 · Other
- Jasen Michael Gilbert from Fsc Securities CorporationJun 25, 2010 · Other
- Wesley A Thompson from Wells Fargo AdvisorsJun 21, 2010 · Other
- Dustin Carl Rinaldi from Fsc Securities CorporationJun 20, 2008 · Other
- Anthony Joseph Curatolo from Fsc Securities CorporationJan 29, 1997 · Other
- Lynn Ann Ferraina from Fsc Securities CorporationJan 9, 1996 · Other
- Jill Ciccarelli Rapps from Fsc Securities CorporationJan 24, 1994 · Other
- Paul Frank Ciccarelli from Fsc Securities CorporationFeb 3, 1993 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 6 joined from Fsc Securities CorporationNov 3, 2023 · Naples, Fl
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Karl Louis Albenga · Cco/Coocontrolsince 09/2025 · owns less than 5%
- Frank Raymond Ciccarelli · Vice- President, Ownercontrolsince 10/1985 · owns 50% to 75%
- Ciccarelli Kim Kantor · President, Ownercontrolsince 10/1985 · owns 50% to 75%
- Jean Geral Smith · Chief Compliance Officercontrolsince 07/2006 · owns less than 5%
- Frank Paul Ciccarelli · Vice- Presidentsince 10/1994 · owns less than 5%
- Ciccarelli Jill Rapps · Vice- Presidentsince 10/1994 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Naples, Fl · principal | 6 | 0 | 0 | ||
| Rochester, Ny | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Rochester, NY4 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Sep 8, 2026discretionary share of RAUM of 0% against a peer median of 99% (1360 comparable advisers, 0.0th percentile, 33.2 robust deviations)peers: independent wealth managers, $1B to $5B (1,360) · 0.0% percentile
- control person changedChange between filings · filing Sep 8, 2026ALBENGA, LOUIS, KARL (CCO/COO) appeared on Schedule A between the filings of 2011-11-22 and 2026-09-08peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 8, 2026SMITH, GERAL, JEAN (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2011-11-22 and 2026-09-08peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Financial planning clients · More than 500 to More than 500Nov 13, 2025 to Sep 8, 2026
- Succession · false to unsetNov 13, 2025 to Sep 8, 2026
- Accounts · 3,528 to 3,553Nov 21, 2024 to Nov 13, 2025
- HNW clients · 509 to 546Nov 21, 2024 to Nov 13, 2025
- Individual clients · 1,583 to 3,007Nov 21, 2024 to Nov 13, 2025
- Employees · 15 to 16Nov 21, 2024 to Nov 13, 2025
- Insurance-licensed employees · 11 to 10Nov 21, 2024 to Nov 13, 2025
- Financial planning clients · More than 500 to More than 500Nov 21, 2024 to Nov 13, 2025
- HNW RAUM · $914M to $971MNov 21, 2024 to Nov 13, 2025
- Individual RAUM · $505M to $615MNov 21, 2024 to Nov 13, 2025
- Non-discretionary RAUM · $1.4B to $1.6BNov 21, 2024 to Nov 13, 2025
- RAUM · $1.4B to $1.6BNov 21, 2024 to Nov 13, 2025
- Accounts · 3,359 to 3,528Jan 9, 2024 to Nov 21, 2024
- Advisory employees · 11 to 13Jan 9, 2024 to Nov 21, 2024
- HNW clients · 330 to 509Jan 9, 2024 to Nov 21, 2024
- Individual clients · 2,408 to 1,583Jan 9, 2024 to Nov 21, 2024
- HNW RAUM · $709M to $914MJan 9, 2024 to Nov 21, 2024
- Individual RAUM · $440M to $505MJan 9, 2024 to Nov 21, 2024
- Non-discretionary RAUM · $1.1B to $1.4BJan 9, 2024 to Nov 21, 2024
- RAUM · $1.1B to $1.4BJan 9, 2024 to Nov 21, 2024
- Accounts · 3,221 to 3,359Nov 15, 2023 to Nov 16, 2023
- HNW clients · 378 to 330Nov 15, 2023 to Nov 16, 2023
- Individual clients · 2,843 to 2,408Nov 15, 2023 to Nov 16, 2023
- HNW RAUM · $621M to $709MNov 15, 2023 to Nov 16, 2023
- Individual RAUM · $421M to $440MNov 15, 2023 to Nov 16, 2023
- Non-discretionary RAUM · $1.0B to $1.1BNov 15, 2023 to Nov 16, 2023
- RAUM · $1.0B to $1.1BNov 15, 2023 to Nov 16, 2023
- Accounts · 3,025 to 3,221Nov 22, 2021 to Nov 17, 2022
- BD registered reps · 16 to 15Nov 22, 2021 to Nov 17, 2022
- HNW clients · 592 to 378Nov 22, 2021 to Nov 17, 2022
- Individual clients · 1,245 to 2,843Nov 22, 2021 to Nov 17, 2022
- Employees · 16 to 15Nov 22, 2021 to Nov 17, 2022
- Insurance-licensed employees · 8 to 11Nov 22, 2021 to Nov 17, 2022
- HNW RAUM · $899M to $621MNov 22, 2021 to Nov 17, 2022
- Individual RAUM · $276M to $421MNov 22, 2021 to Nov 17, 2022
- Non-discretionary RAUM · $1.2B to $1.0BNov 22, 2021 to Nov 17, 2022
- RAUM · $1.2B to $1.0BNov 22, 2021 to Nov 17, 2022
- Accounts · 2,884 to 3,025Dec 1, 2020 to Nov 22, 2021
- Advisory employees · 9 to 11Dec 1, 2020 to Nov 22, 2021
- BD registered reps · 11 to 16Dec 1, 2020 to Nov 22, 2021
Signals
2 dated events
- 6 advisors left Fsc Securities Corporation (Naples, FL) for Ciccarelli Advisory Services Inc on the same dayNov 3, 2023 · Team lift-out · derived
- Ciccarelli Advisory Services Inc reported RAUM $1.2B, up 27% from $922.4M (2020-12-01 to 2021-11-22)Nov 22, 2021 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 239-262-6577reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/ciccarelli-advisory-services-inc-reportedpublic record, Form ADV, Sep 17, 2026
- Website
- CASMONEYMATTERS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 239-262-6577reportedpublic record, Form ADV, Sep 8, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $159Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026