9AT: YOTTA RIA, LLC

YOTTA RIA, LLC

other names

YOTTA RIA, LLC
YOTTA TECHNOLOGIES INC

Adviser Profile

Registration status

Terminated

As of Date	01/19/2024
ADV Location	NEW YORK, NY, United States
Adviser Type - Internet adviser
Number of Employees	34 100%
of those in investment advisory functions

AUM^*	0
of that, discretionary	0
Private Fund GAV^*	0
SMA’s	No
Private Funds	0
Contact Info	844 xxxxxxx
Websites

Client Types

Advisory Activities

Compensation Arrangments

- Fixed fees (other than subscription fees)

Reported AUM

1 1 1 1

2022 2023

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

Yotta RIA, LLC a Delaware corporation, was established in 2022 with an office in New York, NY. The firm’s principal owner is Adam Moelis who also serves as Chief Executive Officer. Yotta RIA, LLC is a wholly owned subsidiary of Yotta Technologies Inc, a Delaware limited liability company. Yotta provides an interactive investment platform through a user-friendly application (the “App”) that provides clients with tools to assist in managing their investments. The app is designed to help clients build their portfolio by providing recommendations with respect to diversification and investment strategies based upon each individual user’s preferences, objectives and risk tolerance. Yotta collects information from each client when they sign up for the app with a questionnaire (the “Questionnaire), including specific information about a client’s financial situation, investment experience and overall investment objectives. Investment recommendations are then generated and presented to the client based on the information provided. Yotta recommends one of its three model portfolios

of exchange traded funds(“ETFs”) based on client risk tolerance. The investment recommendations are generated by the algorithms utilized in the app. Clients are responsible for evaluating the investment recommendations and making the determination as to whether they choose to execute one or more transactions as a result of such recommendations. Yotta currently provides recommendations only with respect to exchange listed equity securities. Yotta does not participate in wrap fee programs. Yotta is an internet only adviser and currently does not have any authority over client assets. Yotta may, in the future, have the ability to execute transactions with a client’s broker via the secure connections within the app based upon recommendations that were made to such clients. Yotta RIA, LLC, acting as the registered investment advisor on behalf of the client, receives authorization from each client to instruct the broker-dealer, to transfer funds from the client’s linked checking account into the broker-dealer's brokerage accounts held in the client’s name.