Pine Valley Investments Limited Liability provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, selecting other managers, family office services, and insurance. Financial planning was provided to 251–500 clients last fiscal year. The firm advises 2 private funds.
Pine Valley Investments Limited Liability reports 2,113 clients. They include 1,464 individual clients, 606 high-net-worth individuals and 25 charitable organizations. Of its assets, 100.0% ($2.67B across 5,785 accounts) are managed with discretion. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 69% | 15% |
| High-net-worth individuals | 29% | 71% |
| Pooled investment vehicles | <1% | 5% |
| Pension and profit-sharing plans | <1% | 1% |
| Charitable organizations | 1% | 1% |
| Other client typesOther investment advisers | Not reported | 7% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,464 | $388M | 14.5% | $265K |
| High-net-worth individuals | 606 | $1.91B | 71.3% | $3.15M |
| Pooled investment vehicles | 2 | $124M | 4.6% | $62M |
| Pension and profit-sharing plans | 16 | $28.8M | 1.1% | $1.8M |
| Charitable organizations | 25 | $40.1M | 1.5% | $1.6M |
| Other investment advisers | Fewer than 5 | $185M | 6.9% | — |
| Total | 2,113 | $2.67B | 100% | — |
- Clients
- 1,464
- Regulatory AUM
- $388M
- AUM share
- 14.5%
- Avg. per client
- $265K
- Clients
- 606
- Regulatory AUM
- $1.91B
- AUM share
- 71.3%
- Avg. per client
- $3.15M
- Clients
- 2
- Regulatory AUM
- $124M
- AUM share
- 4.6%
- Avg. per client
- $62M
- Clients
- 16
- Regulatory AUM
- $28.8M
- AUM share
- 1.1%
- Avg. per client
- $1.8M
- Clients
- 25
- Regulatory AUM
- $40.1M
- AUM share
- 1.5%
- Avg. per client
- $1.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $185M
- AUM share
- 6.9%
- Avg. per client
- —
Total
- Clients
- 2,113
- Regulatory AUM
- $2.67B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 251–500
Pine Valley Investments Limited Liability charges 1.00%–1.80% a year for its Portfolio management (PVI-direct clients). The fee is billed in advance and is negotiable.
Fee details and sources
Harry Morad owns 25% to 50% of Pine Valley Investments Limited Liability. The leadership team of Pine Valley Investments Limited Liability includes Chief Investment Officer Christopher O'Neill, Chief Financial Officer Michael Modica and Chief Compliance Officer Max Schatzow. It has 37 employees, 31 of them in advisory roles.
Leadership
- Michael ModicaMember (01/2025) & Chief Financial Officer
- Max SchatzowChief Compliance Officer
- Nicholas LamponeMember (01/2025) and Chief Strategy Officer
- Christopher O'NeillMember (01/2025) and Chief Investment Officer
- Harry MoradManaging Member
- Joseph DuncanMember
Investment adviser representatives
33 representatives listed in the SEC register as of 9 October 2026.
- Jason Landry Braatz
- Jerry Loren Braatz JR
- Christopher Mark Bryan
- Sean Michael Burke
- Victoria Ashley Cocciolone
- Thomas J Crossett
- Joseph Brian Duncan
- Kathleen Quinlan Fay
- Joshua Feldschneider
- Corey John Fisher
- Francis Frederico
- Isaac Douglas Jones
- Darek Koleda
- Nicholas Lampone
- Scott Allen Lermack
- Mark Daniel Magarian
- Jake A Markoe
- Jonathan David Markoe
- Thomas Mcelgunn
- Michael Ryan Modica
- Noah James Modica
- Robert Allen Moore JR
- Harry Edward Morad
- Sean Patrick Murphy
- Christopher J O'Neill
- Keval Patel
- Gregory Matthew Pizzano
- Danon Andrew Robinson
- James William Varley Jr
- Anthony A Vasile
- James Todd Vogt
- Scott Walden
- Michael Lewis Wojcik
Staff
- 37 employees
- 31 in advisory functions
- 31 state-registered reps
- 3 broker-dealer reps
- 13 insurance agents
- 1 soliciting firm
- Owns 25% to 50% of Pine Valley Investments Limited Liability Company
Harry Morad
Control person · since November 2014
- Owns 25% to 50% of Pine Valley Investments Limited Liability Company
Joseph Duncan
Control person · since February 2015
- Owns 10% to 25% of Pine Valley Investments Limited Liability Company
Michael Modica
since February 2022
- Owns 5% to 10% of Pine Valley Investments Limited Liability Company
Christopher O'Neill
since February 2022
- Owns 5% to 10% of Pine Valley Investments Limited Liability Company
Nicholas Lampone
since February 2022
Pine Valley Investments Limited Liability’s regulatory assets grew 2.6× from $1.04B (July 2021) to $2.67B (March 2026); clients fell from 2,837 to 2,113 and employees rose from 21 to 37.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.67B | 2,113 | 37 | 2 |
| March 2025 | $2.18B | 1,809 | 37 | 1 |
| March 2024 | $1.74B | 1,493 | 35 | 1 |
| March 2023 | $965M | 1,395 | 27 | 1 |
| March 2022 | $1.32B | 1,202 | 21 | 1 |
| July 2021 | $1.04B | 2,837 | 21 | 1 |
Besides its headquarters, Pine Valley Investments Limited Liability has 1 office (1 private residence, listed without an address), with 1 listed address in New Jersey.
New Jersey · 1 listed address
- 10 E. Stow RD., Suite 200, MarltonHQ
Contact and registration details
- Legal name
- Pine Valley Investments Limited Liability Company
- Headquarters
- 10 E. Stow RD., Suite 200, Marlton, NJ 08053
- Website
- pinevalleyinvestments.com
- Phone
- 856-334-8260
- @pine-valley-investments-llc
- SEC file
- 801-80742
- Founded
- 2014
- Structure
- New Jersey LLC
- Fiscal year end
- December
Pine Valley Investments Limited Liability uses Charles Schwab ($2.54B) as custodian for its separately managed accounts. Pine Valley Investments Limited Liability has custody of $964M in client assets for 952 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.54B100%
At year end, Pine Valley Investments Limited Liability’s separately managed accounts were mostly in stocks (78%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.53B across 610 positions; the largest are State Str SPDR S&P 500 ETF T (4.4%), Apple Inc. (2.9%) and Nvidia Corporation (2.7%).
What the accounts hold
- Stocks78%
- Exchange-traded equities77%
- Non-exchange-traded equities1%
- Funds9%
- Bonds6%
- U.S. government and agency bonds3%
- Investment grade corporate bonds2%
- State and local bonds1%
- Cash7%
Reported 13F holdings
- $2.53B
- Reported 13F value
- 610
- Positions
- 23.5%
- In the 10 largest
- +16.2%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit4.4%
- Apple Inc.2.9%
- Nvidia Corporation2.7%
- iShares Silver TR · iSharesCall2.7%
- Global Pmts Inc.2.0%
- Centene Corp. Del1.9%
- Invesco Qqq TR · Unit Ser 11.8%
- Celanese Corp. Del1.7%
- State Str SPDR S&P 500 ETF T · TR UnitPut1.7%
- Microsoft Corp.1.6%
Together, the ten largest are 23.5% of reported value.
How many clients does Pine Valley Investments Limited Liability have?
Pine Valley Investments Limited Liability has 2,113 clients and manages $2.67 billion for them, as of March 2026. They include 1,464 individual clients, 606 high-net-worth individuals and 25 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Pine Valley Investments Limited Liability offer?
Pine Valley Investments Limited Liability provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, selecting other managers, family office services, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Pine Valley Investments Limited Liability charge?
Pine Valley Investments Limited Liability charges 1.00%–1.80% a year for its Portfolio management (PVI-direct clients). The fee is billed in advance and is negotiable.
Source: ADV PART 2A- PINE VALLEY INVESTMENTS, filed 30 March 2026
Which custodians does Pine Valley Investments Limited Liability use?
Pine Valley Investments Limited Liability’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.54B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Pine Valley Investments Limited Liability have?
Pine Valley Investments Limited Liability has 31 investment adviser representatives registered with state securities authorities, out of 37 employees, and 31 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 13 employees are 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 Pine Valley Investments Limited Liability invest in?
At the end of its last fiscal year, Pine Valley Investments Limited Liability’s separately managed accounts held 77% exchange-traded equities, 9% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents, 3% U.S. government and agency bonds, 2% investment grade corporate bonds, 1% non-exchange-traded equities and 1% state and local bonds. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Pine Valley Investments Limited Liability?
Pine Valley Investments Limited Liability’s direct owners are Harry Morad, Joseph Duncan, Michael Modica, Christopher O'Neill and Nicholas Lampone, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Pine Valley Investments Limited Liability get paid?
Pine Valley Investments Limited Liability 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 Pine Valley Investments Limited Liability registered with the SEC?
Yes, Pine Valley Investments Limited Liability has been registered with the SEC as an investment adviser since 8 January 2015. Its CRD number is 173995 and its SEC file number is 801-80742.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Pine Valley Investments Limited Liability?
Pine Valley Investments Limited Liability’s main office is at 10 E. Stow RD., Suite 200, Marlton, NJ 08053. Its phone number is 856-334-8260. Its website is pinevalleyinvestments.com.