Overview
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A. Patrick Mauro Investment Advisor, Inc.
Patrick Mauro Investment Advisor, Inc. (“PMIA” and/or “the firm”) is an Illinois corporation
established in 1996. Patrick John Mauro is the manager and sole shareholder of PMIA.
B. Advisory Services Offered
B.1. Investment Management Services
PMIA’s investment management services are predicated on the client's investment objectives,
goals, tolerance for risk, and other personal and financial circumstances. PMIA will analyze each
client's current investments, investment objectives, goals, age, time horizon, financial
circumstances, investment experience, investment restrictions and limitations, and risk tolerance
and implement a portfolio consistent with such investment objectives, goals, risk tolerance and
related financial circumstances PMIA’s objective is to review the client’s tax, financial, and estate
planning objectives and goals in connection with the client’s investment objectives, goals,
tolerance for risk, and other personal and financial circumstances and make appropriate
recommendations and implementation decisions. PMIA may engage third-party service
providers to assist with the tax and estate planning portion of the services provided to clients. In
addition, PMIA may utilize third-party software to analyze individual security holdings and
separate account managers utilized within the client’s portfolio.
For its investment management services, PMIA receives a limited power of attorney to effect
securities transactions on behalf of its clients that include securities and strategies
described in
Item 8 of this brochure.
In addition to providing PMIA with information regarding their personal financial circumstances,
investment objectives and tolerance for risk, clients are required to provide the firm with any
reasonable investment restrictions that should be imposed on the management of their
portfolio, and to promptly notify the firm of any changes in such restrictions or in the client's
personal financial circumstances, investment objectives, goals and tolerance for risk. PMIA will
remind clients of their obligation to inform the firm of any such changes or any restrictions that
should be imposed on the management of the client’s account. PMIA will also contact clients at
least annually to determine whether there have been any changes in a client's personal financial
circumstances, investment objectives and tolerance for risk.
C. Client-Tailored Services and Client-Imposed Restrictions
Each client’s account will be managed on the basis of the client’s financial situation and
investment objectives and in accordance with any reasonable restrictions imposed by the client
on the management of the account—for example, restricting the type or amount of security to
be purchased in the portfolio.
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D. Wrap Fee Programs
PMIA does not participate in wrap fee programs. (Wrap fee programs offer services for one all-
inclusive fee.)
E. Client Assets Under Management
PMIA manages assets only on a fully discretionary basis. Assets under management as of
December 31, 2022 were $174,829,376.
Item 5: Fees and Compensation