Naples Global Advisors provides portfolio management for individuals and small businesses.
Naples Global Advisors reports 306 clients. They include 252 high-net-worth individuals, 34 individual clients and 13 charitable organizations. Of its assets, 97.8% ($1.95B across 1,548 accounts) are managed with discretion; $44.2M across 243 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 11% | <1% |
| High-net-worth individuals | 82% | 96% |
| Pension and profit-sharing plans | 0% | <1% |
| Charitable organizations | 4% | 2% |
| Corporations and other businesses | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 34 | $18.7M | 0.9% | $550K |
| High-net-worth individuals | 252 | $1.92B | 96.2% | $7.62M |
| Pension and profit-sharing plans | Fewer than 5 | $5.47M | 0.3% | — |
| Charitable organizations | 13 | $31.8M | 1.6% | $2.45M |
| Corporations and other businesses | 7 | $20.2M | 1.0% | $2.89M |
| Total | 306 | $2B | 100% | — |
- Clients
- 34
- Regulatory AUM
- $18.7M
- AUM share
- 0.9%
- Avg. per client
- $550K
- Clients
- 252
- Regulatory AUM
- $1.92B
- AUM share
- 96.2%
- Avg. per client
- $7.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.47M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 13
- Regulatory AUM
- $31.8M
- AUM share
- 1.6%
- Avg. per client
- $2.45M
- Clients
- 7
- Regulatory AUM
- $20.2M
- AUM share
- 1.0%
- Avg. per client
- $2.89M
Total
- Clients
- 306
- Regulatory AUM
- $2B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Naples Global Advisors charges 0.30%–1.00% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$4M | 0.80% |
| $4M–$5M | 0.60% |
| $5M–$50M | 0.50% |
| $50M–$100M | 0.40% |
| $100M and above | 0.30% |
Fee details and sources
Michael Morris is CEO; the leadership team includes Chief Investment Officer John Suddeth and Chief Compliance Officer Kelly Walker. It has 20 employees, 11 of them in advisory roles.
Leadership
- Michael MorrisChief Executive Officer, Managing Member
- Kelly WalkerChief Compliance Officer, Firm Principal
- John SuddethChief Investment Officer, Managing Member
- Kerry GeroyFirm Principal
- Grzegorz DebskiFirm Principal
- Isaac CodreyFirm Principal
- Thomas RussoFirm Principal
- Joel MartineauTrustee, Liberty Trust
Investment adviser representatives
16 representatives listed in the SEC register as of 9 October 2026.
- Juan Jose Botero
- John Kent Cheesborough
- Isaac Earl William Codrey
- James Christopher Davis
- Grzegorz Stefan Debski
- Kerry McGuire Geroy
- David Ward Griffis
- Andrew Boyd Hartline
- Austin Kimball Herzer
- Michael H. Morris
- Matthew Oleksak
- Sara Brittney Perkins
- Thomas Wyatt Russo
- John Mixon Suddeth JR.
- Henry Joseph Venker
- Kelly Kramer Walker
Staff
- 20 employees
- 11 in advisory functions
- 16 state-registered reps
- Owns 10% to 25% of Naples Global Advisors LLC
John Suddeth
Control person · since June 2011
- Owns 10% to 25% of Naples Global Advisors LLC
Michael Morris
Control person · since June 2011
- Owns 10% to 25% of Naples Global Advisors LLC
Grzegorz Debski
Control person · since January 2020
- Owns 10% to 25% of Naples Global Advisors LLC
Isaac Codrey
since January 2020
- Owns 10% to 25% of Naples Global Advisors LLC
Thomas Russo
since January 2025
- Owns 5% to 10% of Naples Global Advisors LLC
Kerry Geroy
since December 2011
- Owns 5% to 10% of Naples Global Advisors LLC
Liberty Trust
since April 2017
- Owns 5% to 10% of Naples Global Advisors LLC
Kelly Walker
Control person · since March 2025
- Owns 5% to 10% of Naples Global Advisors LLC
Joel Martineau
since April 2017
Naples Global Advisors’ regulatory assets grew 2.2× from $901M (May 2021) to $2B (May 2026); clients rose from 192 to 306 and employees from 15 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $2B | 306 | 20 | 2 |
| March 2025 | $1.65B | 290 | 18 | 2 |
| March 2024 | $1.47B | 268 | 18 | 2 |
| March 2023 | $1.24B | 229 | 15 | 2 |
| March 2022 | $1.32B | 222 | 14 | 2 |
| May 2021 | $901M | 192 | 15 | 2 |
Besides its headquarters, Naples Global Advisors has 1 office, with 2 listed addresses in Florida.
Florida · 2 listed addresses
- 856 3rd Avenue South, Ste. 200, NaplesHQ
- 3003 Cardinal Drive, Vero Beach
Other business names
Naples Global Advisors has reported 1 other business name to the SEC.
- Vero Beach Global Advisors
Contact and registration details
- Legal name
- Naples Global Advisors LLC
- Headquarters
- 856 3rd Avenue South, Ste. 200, Naples, FL 34102
- Website
- naplesglobaladvisors.com
- Phone
- 239-776-7900
- @naples-global-advisors-llc
- SEC file
- 801-72600
- Structure
- Florida LLC
- Fiscal year end
- December
Naples Global Advisors uses Charles Schwab ($1.57B, 79%) and Fidelity ($423M, 21%) as custodians for its separately managed accounts. Naples Global Advisors has custody of $556M in client assets for 80 clients.
- FidelityNational Financial Services LLC · Boston, MA · $423M21%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.57B79%
At year end, Naples Global Advisors’ separately managed accounts were mostly in stocks (76%) and bonds (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.62B across 466 positions; the largest are Apple Inc. (3.3%), Corning Inc. (3.1%) and Taiwan Semiconductor Manufac (2.8%).
What the accounts hold
- Stocks76%
- Exchange-traded equities70%
- Non-exchange-traded equities6%
- Bonds19%
- Investment grade corporate bonds9%
- State and local bonds7%
- U.S. government and agency bonds3%
- Cash5%
Reported 13F holdings
- $1.62B
- Reported 13F value
- 466
- Positions
- 23.1%
- In the 10 largest
- +18.3%
- Value vs. prior quarter
- Apple Inc.3.3%
- Corning Inc.3.1%
- Taiwan Semiconductor Manufac · Sponsored ADS2.8%
- Broadcom Inc.2.5%
- Micron Technology Inc.2.2%
- iShares TR · Core S&P500 ETF2.0%
- Schwab Strategic TR · Intl Eqty ETF1.9%
- Microsoft Corp.1.9%
- Lam Research Corp.1.8%
- Vanguard Index Fds · S&P 500 ETF Shs1.7%
Together, the ten largest are 23.1% of reported value.
How many clients does Naples Global Advisors have?
Naples Global Advisors has 306 clients and manages $2 billion for them, as of May 2026. They include 252 high-net-worth individuals, 34 individual clients and 13 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 May 2026
What services does Naples Global Advisors offer?
Naples Global Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Naples Global Advisors charge?
Naples Global Advisors charges 0.30%–1.00% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A, filed 18 May 2026
Which custodians does Naples Global Advisors use?
Naples Global Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.57B and National Financial Services LLC (Boston, MA), with $423M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 May 2026
How many financial advisors does Naples Global Advisors have?
Naples Global Advisors has 16 investment adviser representatives registered with state securities authorities, out of 20 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Naples Global Advisors invest in?
At the end of its last fiscal year, Naples Global Advisors’ separately managed accounts held 70% exchange-traded equities, 9% investment grade corporate bonds, 7% state and local bonds, 6% non-exchange-traded equities, 5% cash and equivalents and 3% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Naples Global Advisors?
Naples Global Advisors’ direct owners are John Suddeth, Michael Morris, Kerry Geroy, Liberty Trust, Grzegorz Debski, Isaac Codrey, Thomas Russo, Kelly Walker and Joel Martineau, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 18 May 2026
How does Naples Global Advisors get paid?
Naples Global Advisors 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
Is Naples Global Advisors registered with the SEC?
Yes, Naples Global Advisors has been registered with the SEC as an investment adviser since 4 August 2011. Its CRD number is 158544 and its SEC file number is 801-72600.
Source: Form ADV Part 1A, Item 1, filed 18 May 2026; IAPD firm record
How do I contact Naples Global Advisors?
Naples Global Advisors’ main office is at 856 3rd Avenue South, Ste. 200, Naples, FL 34102. Its phone number is 239-776-7900. Its website is naplesglobaladvisors.com.