Pivotal Planning Group, LLC (Melville)

Name: Pivotal Planning Group, LLC
Address: 534 Broadhollow Road, Melville, NY, 11747
Telephone: 516-333-6565

Pivotal Planning Group, LLC is a large advisory firm based in Melville. It manages $273.55 million of regulatory assets for 586 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Pivotal Planning Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Pivotal Planning Group: assets under management

The assets under management (AUM) of Pivotal Planning Group, LLC is $273.55 million. The firm's AUM has grown by 772% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $272.84 million in discretionary accounts and $714.41 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $466.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $714.41 thousand.

Pivotal Planning Group has custody of $6.27 million in cash and securities for 5 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 41% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pivotal Planning Group, 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 Pivotal Planning Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pivotal Planning Group is high net worth individuals with 114 clients and $170.64 million of assets under management. Among the 12 most similar advisory firms, Pivotal Planning Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $273.55 million for 234 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.

Pivotal Planning Group doesn't advise any private funds.

Careers at Pivotal Planning Group, LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger T Ciacco	Member	1 Jul 2000	Other	4685314
Levine & Ciacco Cpa Satty	Member	1 Jul 2000	50% - 75%	11-2370855
Larry Marchisotta	Member	1 Jul 2000	Other	5120199
Frank W Sluter	Member	1 Jul 2000	Other	5120214
Fred H Levine	Member-passive	1 Jul 2000	Other	5120203
Roger T Ciacco	Managing director/managing member	1 Nov 2002	Other	4685314
John Marchisotta	Managing member/chief compliance officer	1 Jul 2009	25% - 50%	2805490
Robert E. Bertucelli	Member	1 Jul 2009	Other	5788213
John Marchisotta	Member - active	1 Jan 2010	25% - 50%	2805490
Robert E. Bertucelli	Member	1 May 2010	Other	5788213

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Roger T Ciacco	Owner	1 Apr 1976	50% - 75%	4685314
Larry Marchisotta	Owner	1 Jul 1981	25% - 50%	5120199
Larry Marchisotta	No longer owner	1 Jan 1993	Other	5120199
Frank W Sluter	Owner	1 Jan 2000	75% - 100%	5120214
Robert E. Bertucelli	Owner	1 May 2009	25% - 50%	5788213

Based in Melville

The principal office where Pivotal Planning Group, LLC performs its advisory services is located at 534 Broadhollow Road, Melville, NY 11747, which is also the mailing address of the firm. An additional office of the firm is in Virginia Beach, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-333-6565 or by fax 516-338-8862. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pivotalplanning.com.