Anthony J. Mancini, I.A.

Anthony J. Mancini, I.A. provides investment supervisory services primarily to individual clients (more than 75% of its client base) and also works with pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm reports a small client base and manages accounts on a discretionary basis while also maintaining an insurance license to offer life and health insurance products to advisory clients.

The firm uses a mix of analytical methods — including charting, fundamental, technical and cyclical analysis — and reviews portfolios monthly to monitor objectives and account activity. Accounts are custodied at Fidelity and the advisor uses Advent portfolio software for account reporting and portfolio accounting; clients can choose fee arrangements billed as asset-based fees, fixed fees, or hourly charges.

Compared with most independent solo advisers, the firm’s use of commissions and brokerage referral arrangements is notable; the brochure discloses customary commissions, directed brokerage to referring brokers, and that Fidelity provides substantial Advent maintenance support. The combination of a very small practice (roughly 10 clients and $6 million in assets), discretionary management, insurance licensing, and these brokerage/software relationships is atypical among peers.