Romano Brothers And Company (Evanston)

Name: Romano Brothers And Company
Address: 1560 Sherman Avenue, Evanston, IL, 60201
Telephone: 847-866-7700

Romano Brothers And Company is a large advisory firm based in Evanston. It manages $859.99 million of regulatory assets for 1,608 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 13 other states.

Romano Brothers And Company provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Romano Brothers And Company: assets under management

The assets under management (AUM) of Romano Brothers And Company is $859.99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $859.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $534.82 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 state and local bonds, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Romano Brothers And Company for their services and products based on a percentage of assets under management 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 Richard Constantin Romano serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Richard Constantin Romano is high net worth individuals with 220 clients and $569.6 million of assets under management. Among the 10 most similar advisory firms, Romano Brothers And Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $854.97 million for 656 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.

Romano Brothers And Company doesn't advise any private funds.

Careers at Romano Brothers And Company

The company employs 17 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 13 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.

Richard Constantin Romano has been acting as President since 1 Oct 2002. Eric Arthur Bederman joined the executive team most recently as the Cfo/Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Constantin Romano	President & ceo	1 Dec 1968	75% - 100%	403390
Douglas Norman Geisser	Vice president	1 Apr 1990	Other	1137506
William Richard Romano	Vice president & srop/crop	1 May 1992	Other	1101298
Robert Alan Vallone	Chief operating officer	1 Apr 1999	Other	1429425
Joseph Richardviktory Romano	Vice president	1 Sep 1999	Other	2659164
Joseph Richardviktory Romano	President	1 Sep 2002	25% - 50%	2659164
Richard Constantin Romano	Chairman	1 Oct 2002	50% - 75%	403390
Michael James Marek	Chief financial officer	1 Aug 2006	Other	2826534
William James Reilly	Chief financial officer / chief compliance officer	1 Oct 2009	Other	2807975
Eric Arthur Bederman	Cfo/cco	1 Aug 2016	Other	2074318

Based in Evanston

The principal office where Romano Brothers And Company performs its advisory services is located at 1560 Sherman Avenue, Evanston, IL 60201, 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 847-866-7700 or by fax 847-866-7054. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at romanowealth.com.