Cci Financial Group Inc (Akron)

Cci Financial Group Inc is a large advisory firm based in Akron. It manages $111.79 million of regulatory assets for 65 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Ohio and Texas.

Cci Financial Group provides financial planning services, portfolio management for individuals and small businesses, and accounting/tax planning, estate planning, business advisory. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cci Financial Group: assets under management

The assets under management (AUM) of Cci Financial Group Inc is $111.79 million. The firm's AUM has grown by 69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.34 million in discretionary accounts and $3.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.84 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $574.99 thousand.

Cci Financial Group has custody of $6.63 million in cash and securities for 15 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 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cci Financial Group Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Harrold Reitzes serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jeffrey Harrold Reitzes is high net worth individuals with 28 clients and $96.25 million of assets under management. Among the 7 most similar advisory firms, Cci Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.79 million for 65 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.

Cci Financial Group doesn't advise any private funds.

Careers at Cci Financial Group Inc

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Harrold Reitzes	President/ceo	1 Aug 1981	75% - 100%	1043020
Jeffrey Harrold Reitzes	Chief compliance officer/ceo/sole shareholder	1 Oct 2004	75% - 100%	1043020

Based in Akron

The principal office where Cci Financial Group Inc performs its advisory services is located at 1653 Merriman Road, Akron, OH 44313, 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 330-864-7030 or by fax 330-864-7219. The normal business hours are 8:30 - 5:00 on Monday - Friday.