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Fifth Avenue Family Office ®
Multifamily office listing in Naples, Florida, United States.
- SEC-registered
- Regulatory AUM
- $1.4 billion
- Employees
- 7
- Clients
- 0
- Published minimum
- $20,000,000
A Naples-based multi-family office serving entrepreneurial families across their full net worth.
Overview
Fifth Avenue Family Office LLC coordinates, manages, and advises on families’ financial and personal matters. Its Form ADV describes investment supervisory services for individuals, families, trusts, estates, and charitable organizations.12
History
The firm reports that Fifth Avenue Advisors was formed in 2006 and changed its name to Fifth Avenue Family Office on October 22, 2018. Gary B. Price Jr. and Timothy J. Cartwright own the firm and co-founded it after Compass Advisory Group merged with Magnus Capital Management in 2006.2
Leadership
Gary Price is a Partner whose specialties include family governance, real estate, governmental and community affairs, strategic planning, mediation, and alternative investments. Timothy Cartwright is a Partner specializing in closely held businesses, succession planning, private equity, venture capital, and early-stage investing.3
Susi Kimball serves in Client Services, supporting fund and foundation administration, tax coordination, bill payment services, and marketing. Kyle Shoemaker is Senior Director and Chief Compliance Officer, with responsibilities including portfolio design and management, estate-planning implementation, tax coordination, and performance reporting.3
Services
The firm provides asset-allocation advice, risk management, investment-manager and fund selection, coordination of professional advisers, and oversight of third-party managers.2
What the firm offers
- Philanthropy
- Risk and insurance
Client Focus
Fifth Avenue Family Office serves entrepreneurial families and advises individuals, families, trusts, estates, and charitable organizations.12
Approach
The firm describes its work as coordinating, managing, and advising across family financial and personal matters, bringing together investment oversight and coordination with other professional advisers.12
Assets and Minimums
Fifth Avenue Family Office reports that it is registered as an investment adviser with the SEC under CRD number 122448. As of December 31, 2024, it reported approximately $908,527,735 in regulatory assets under management, including approximately $166,750,617 in discretionary assets and $741,777,118 in non-discretionary assets.2
The firm reports a relationship minimum of $20,000,000 in assets under advisement. Fees may be asset-based, fixed, or negotiable; its published schedule starts at 1.00% on the first $2,000,000 and 0.75% on the next $8,000,000.2
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2016 | $244 million | $23 million | $221 million |
| 2017 | $235 million | $223 million | $12 million |
| 2018 | $233 million | $69 million | $164 million |
| 2019 | $279 million | $156 million | $122 million |
| 2020 | $308 million | $199 million | $109 million |
| 2021 | $296 million | $202 million | $94 million |
| 2022 | $337 million | $272 million | $66 million |
| 2023 | $191 million | $158 million | $32 million |
| 2025 | $909 million | $167 million | $742 million |
| 2026 | $1.4 billion | $230 million | $1.1 billion |
| Year | Average AUM per client |
|---|---|
| 2018 | $23 million |
| 2019 | $31 million |
| 2020 | $28 million |
| 2021 | $30 million |
| 2022 | $28 million |
| 2023 | $17 million |
| 2025 | $130 million |
| 2026 | $150 million |
| Year | Employees |
|---|---|
| 2016 | 2 |
| 2017 | 3 |
| 2018 | 3 |
| 2019 | 5 |
| 2020 | 7 |
| 2021 | 7 |
| 2022 | 7 |
| 2023 | 6 |
| 2025 | 7 |
| 2026 | 7 |
Ranks #6 of 23 SEC-registered firms in FL on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 122448. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
FAQs
What type of firm is Fifth Avenue Family Office?
It is a multi-family office and SEC-registered investment adviser serving entrepreneurial families and other eligible clients.12
What services does the firm provide?
Services include asset-allocation advice, risk management, manager and fund selection, professional-adviser coordination, and oversight of third-party managers.2
What is the firm’s reported relationship minimum?
The firm reports a minimum of $20,000,000 in assets under advisement.2
Related resources
- LocationMultifamily offices in Naples
The Naples multi-family office directory helps a family compare local providers serving private wealth. It can help readers prepare questions about philanthropy, risk management and insurance when evaluating a Naples-based firm for entrepreneurial family needs.
- Network siteEstatePlanner.com
EstatePlanner.com offers plain-language guides on wills, trusts and estate planning. A family considering a multi-family office can use these materials to identify planning topics to discuss alongside philanthropic goals, insurance coverage and decisions affecting heirs.
- Network siteFamilyBusinesses.com
FamilyBusinesses.com combines a directory with playbooks for family-owned companies. Entrepreneurial families can use it to frame questions about ownership, succession, family governance, philanthropy and risk before speaking with a multi-family office.
- GuideData privacy and security with an MFO
This MultifamilyOffices.com resource explains data privacy and security issues that arise when working with a multi-family office. Readers can use it to ask how financial, philanthropic and insurance information should be shared, stored and protected.
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Element Pointe Family OfficeProfiles for Barclay Breland Family Office, ELEMENT POINTE ADVISORS, LLC and Element Pointe Family Office provide nearby comparison points. Reviewing their listed services and positioning can help a family clarify which questions matter when assessing firms for entrepreneurial wealth, philanthropy, risk and insurance.
Sources
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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