PAR5 Advisors LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$12,768,882
Clients
22
Advisors
3
of 4 employees
About
Par5 Advisors provides investment advisory and portfolio management services to individuals, high‑net‑worth clients, and certain corporations through its Par5 Advisory Program and related managed accounts. The firm generally charges percentage‑of‑AUM fees and offers both direct management and recommendations to third‑party managers.
The firm collects investor profiles to tailor strategies and employs both fundamental and technical analysis to implement long‑ and short‑term strategies; accounts may be managed on either a discretionary or non‑discretionary basis depending on client preference. For non‑discretionary accounts Par5 Advisors provides recommendations and obtains client consent before trades, and clients participating in the firm’s wrap program must open brokerage accounts with its affiliated broker‑dealer, Par5 Capital, which executes transactions and assesses separate flat service charges.
Par5 Advisors is small in scale (one advisor and a limited client base) and, relative to peers, is notable for its affiliation with a FINRA‑registered broker‑dealer and for sponsoring a wrap fee program—arrangements the brochure discloses can create conflicts of interest tied to common ownership and service fees. The brochure also notes account practices such as a typical minimum and reports its regulatory AUM snapshot (zero as of April 16, 2024), a combination of features that is uncommon among supported firms.
Client services
Expertise
Fee options
$0 - $250,000: 2.50% $250,001 - $1,000,000: 2.25% $1,000,001+: 2.00%
Account minimum: $100,000
Main office
600 Brickell Avenue, Suite 2520
Miami FL 33131
Advisors at this office
3
Most active in
Florida
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Herman S
Series 66
Miami, FL
PAR5 Advisors LLC
Herman Scholtz Raffalli is a financial advisor at PAR5 Advisors LLC in Miami, FL, holding a Series 66 designation with six years of industry experience. His prior roles include positions at Par5 Capital & Co LLC, Jardines de Confucio, Leafy Jungle, Global Reach Advisors, and Global Strategic Investment. He is also associated with EOZ Ventures, LLC, a non-operating entity established to receive contractor compensation from a previous employer. PAR5 Advisors provides investment advisory and portfolio management services to individuals, high-net-worth clients, and certain corporations. The firm uses investor profiles to tailor strategies and employs both fundamental and technical analysis, managing accounts on a discretionary or non-discretionary basis depending on client preference.
Ajit A
Series 66
Miami, FL
PAR5 Advisors LLC
Ajit Ajmani is a financial advisor at PAR5 Advisors LLC with 20 years of industry experience. He holds a Series 66 designation and has previously worked at A.G.P. / Alliance Global Partners and Aegis Capital Corp. Ajmani is also involved with AJMONSTER LLC, a Delaware company created to hold ownership in Par5 Capital & Co, LLC. PAR5 Advisors provides investment advisory and portfolio management services to individuals, high-net-worth clients, and certain corporations. The firm tailors strategies using fundamental and technical analysis and offers both discretionary and non-discretionary account management.
Jack R
Series 63, Series 65
Miami, FL
PAR5 Advisors LLC
Jack Rio is an advisor at PAR5 Advisors LLC with Series 63 and Series 65 licenses and two years of industry experience. His prior roles include positions at BMO Capital Markets Corp. and 23rd Street Partners LLC. PAR5 Advisors provides investment advisory and portfolio management services to individuals, high-net-worth clients, and certain corporations, offering both direct management and recommendations to third-party managers. The firm uses investor profiles to tailor strategies and employs fundamental and technical analysis to implement long- and short-term approaches on either a discretionary or non-discretionary basis.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. (“Warmer”)