Curi Wealth Management, LLC (Raleigh)

Name: Curi Wealth Management, LLC
Address: 700 Spring Forest Road, Raleigh, NC, 27609
Telephone: 919-890-0515

Curi Wealth Management, LLC is an adviser based in Raleigh. It manages $54.7 million of regulatory assets for 106 client accounts. It has been registered with the SEC as an adviser since 2019.

Curi Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Curi Wealth Management: assets under management

The assets under management (AUM) of Curi Wealth Management, LLC is $54.7 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 $54.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $516 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Curi Wealth Management, 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 Curi Wealth Management serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Curi Wealth Management is high net worth individuals with 105 clients and $43.6 million of assets under management. Among the 3 most similar advisory firms, Curi Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $54.7 million for 106 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.

Curi Wealth Management doesn't advise any private funds.

Careers at Curi Wealth Management, LLC

The company employs 6 people that are either part- or full-time employees. 83 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 don’t receive compensation from other entities for client referrals.

Mark Nicholas Paccione has served as the Chief Investment Officer since 1 Jun 2019. Inc. Mmic Investment Holdings joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Curi Capital	Member	1 Jun 2019	75% - 100%	84-1945910
Kathleen Elizabeth Keating	Chief compliance officer	1 Jun 2019	Other	4586262
Mark Nicholas Paccione	Chief operating officer/chief investment officer	1 Jun 2019	Other	4775789

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Stuart Schwartz	Member	1 Jun 2008	75% - 100%	1415319
Llc Wealth Partners Capital Group	Member	1 Apr 2017	75% - 100%	82-1107823
Llc Project 216 Acquisition	Member	1 Jun 2017	25% - 50%	82-1107823
Llc 76 West Holdings	Member	1 Jun 2017	25% - 50%	42-1706254
Inc. Mmic Investment Holdings	Member	1 Jun 2019	50% - 75%	46-4414046
Llc Mai Capital Management	Member	1 Jun 2019	50% - 75%	109807

Based in Raleigh

The principal office where Curi Wealth Management, LLC performs its advisory services is located at 700 Spring Forest Road, Raleigh, NC 27609, 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 919-890-0515. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at curicapital.com and its LinkedIn profile.