Overview
Firm Description
Checchi Capital Advisers, LLC (CCA or the Firm) is a registered investment adviser,
which provides portfolio management services to high net worth individuals, trusts,
foundations, charitable organizations, pension and profit sharing plans, corporations, and
other business entities. CCA was founded in 2007.
Principal Owners
CCA is owned by Loeb Capital West, LLC, Canal Capital Partners, LLC , two trusts
controlled by Kathryn D. Checchi, a Principal of CCA and Samuel T. Pfister. Adam D.
Checchi, the Managing Member of CCA, is the sole member of Loeb Capital West, LLC.
Asset Management
CCA provides sophisticated globally diversified portfolio strategies for investors’ core
long-term liquid equity and fixed income investments. Customized investment portfolios
will be constructed using proprietary statistical and mathematical models which maximize
diversification and tax efficiency while minimizing turnover, transaction costs and
management expenses.
CCA’s strategies are based on individually constructed domestic and foreign fixed income
and equity portfolios that use statistical sampling to approximate the distribution of the
world’s liquid traded assets by value. The gross returns and volatility of CCA portfolios
should approximate the pre-tax returns of the major world indices weighted by market
capitalization. CCA will include tax optimization and transaction cost reduction algorithms
that optimize the client’s tax position.
Assets are invested primarily in fixed income and equity, utilizing exchange-traded funds,
where appropriate, to achieve maximum diversification. All securities are purchased or
sold through a brokerage account. The brokerage firm charges a fee for stock and bond
trades. CCA does not receive any compensation, in any form, from fund companies or
brokers.
Investments may also include: equities (stocks), warrants, corporate debt securities,
certificates of deposit, municipal securities, investment company securities (variable
life
insurance, variable annuities, and mutual funds shares), U. S. government securities,
options contracts, futures contracts, and interests in partnerships.
Pooled Investment Vehicles
CCA serves as an investment adviser to two insurance dedicated funds, the CCA Core
Return Insurance Fund and the CCA Aggressive Return Insurance Fund. CCA manages
the Insurance Funds based on the investment goals and objectives as outlined in the
Series Supplements to the Insurance Funds.
Separately Managed Accounts
CCA provides continuous advice to clients regarding investment of client funds based on
the individual needs of the client. Through personal discussions in which goals and
5 Checchi Capital Advisers, LLC
objectives based on a client’s particular circumstances are established, CCA will create
and manage a portfolio based on that client’s needs.
Sub-Advisory Relationships
CCA provides services to other affiliated and unaffiliated registered investment advisers
on a sub-advisory basis.
Tailored Relationships
CCA tailors advisory services to the individual needs of the client. The goals and
objectives for each client are discussed and then an individual portfolio of domestic and
foreign fixed-income and equity is constructed using a statistical sampling process to
approximate the distribution of the world’s liquid traded assets by value. The gross
returns and volatility of CCA portfolios should approximate the pre-tax returns of the major
world indices weighted by market capitalization. CCA will include tax optimization and
transaction cost reduction algorithms that optimize the client’s tax position. Clients may
impose restrictions on investing in certain securities or types of securities.
Wrap Fee Programs
CCA does not participate in a Wrap Fee Program.
Client Assets
CCA manages client accounts and, as of December 31, 2023, these assets totaled
approximately $1.9 billion. All accounts are managed on a discretionary basis.