Flynn Zito Capital Management, LLC (Garden City)

Name: Flynn Zito Capital Management, LLC
Address: 585 Stewart Ave, Garden City, NY, 11530
Telephone: (516) 746-9000

Flynn Zito Capital Management, LLC is a large advisory firm based in Garden City. It manages $311.44 million of regulatory assets for 1,006 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, Maryland, and 7 other states.

Flynn Zito Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Flynn Zito Capital Management: assets under management

The assets under management (AUM) of Flynn Zito Capital Management, LLC is $311.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 271% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $311.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.58 thousand each.

Flynn Zito Capital Management has custody of $3.22 million in cash and securities for 4 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 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flynn Zito Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Flynn Zito Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Flynn Zito Capital Management is high net worth individuals with 473 clients and $225.85 million of assets under management. Among the 9 most similar advisory firms, Flynn Zito Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $306.83 million for 981 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.

Flynn Zito Capital Management doesn't advise any private funds.

Careers at Flynn Zito 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. 3 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 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
Douglas Keith Flynn	Managing member	1 Feb 2010	50% - 75%	1952114
Richard Joseph Zito	Managing member & chief compliance officer	1 Feb 2010	50% - 75%	2280859

Based in Garden City

The principal office where Flynn Zito Capital Management, LLC performs its advisory services is located at 585 Stewart Ave, Garden City, NY 11530, 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 (516) 746-9000 or by fax (516) 746-0300. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at flynnzito.com.