{"url":"https://nivawealth.com/firms/first-american-asset-advisory-282254","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/282254","regulatoryAum":191788380,"crd":"282254","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6925922","suffix":null,"lastName":"diloreto","firstName":"alfred","middleName":"robert"},{"crd":"2311960","suffix":null,"lastName":"FINNAN","firstName":"MICHAEL","middleName":"JOHN"},{"crd":"2246086","suffix":null,"lastName":"LEW","firstName":"JEFFREY","middleName":null},{"crd":"2443570","suffix":null,"lastName":"METZ","firstName":"PAUL","middleName":"JOHN"},{"crd":"2812702","suffix":null,"lastName":"SCHWABE","firstName":"RAYMOND","middleName":"ANTHONY"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-07-15","regulatoryAum":54669010,"clients":113,"employees":5,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":81390586,"clients":141,"employees":6,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":99732399,"clients":172,"employees":6,"offices":1},{"filedOn":"2025-06-02","regulatoryAum":140163741,"clients":198,"employees":5,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":191788380,"clients":266,"employees":8,"offices":1}],"secFileNumber":"801-126067","legalName":"First 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Capital Markets, LLC","shortName":"RBC Capital Markets","location":"Minneapolis, MN","smaAssets":194200000}],"custodyNote":"First American Asset Advisory does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Paul Metz","title":"President","crd":"2443570"},{"name":"Michael Finnan","title":"Chief Compliance Officer & CEO","crd":"2311960"}],"ownership":[{"label":"Paul Metz","detail":"President in the 50% to 75% ownership band and a control person, since September 2015."},{"label":"Michael Finnan","detail":"Chief compliance officer & ceo in the 50% to 75% ownership band and a control person, since January 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"59 Hilton Avenue, Suite 101","city":"Garden City","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 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They include 266 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does First American Asset Advisory offer?","answer":"First American Asset Advisory provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does First American Asset Advisory charge?","answer":"First American Asset Advisory charges 0.50%–2.75% a year for its Investment Management Fees. The fee is billed in advance and is negotiable.","source":"FAAA ADV PART 2A BROCHURE, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does First American Asset Advisory use?","answer":"First American Asset Advisory’s separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $194M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does First American Asset Advisory have?","answer":"First American Asset Advisory has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 6 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does First American Asset Advisory invest in?","answer":"At the end of its last fiscal year, First American Asset Advisory’s separately managed accounts held 62% exchange-traded equities, 17% U.S. government and agency bonds, 11% cash and equivalents, 9% registered funds (mutual funds, ETFs, BDCs) and 1% investment grade corporate bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns First American Asset Advisory?","answer":"First American Asset Advisory’s direct owners are Paul Metz (50% to 75%) and Michael Finnan (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does First American Asset Advisory get paid?","answer":"First American Asset Advisory is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact First American Asset Advisory?","answer":"First American Asset Advisory’s main office is at 59 Hilton Avenue, Suite 101, Garden City, NY 11530. Its phone number is 516-622-3100. Its website is firstaaa.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}