Romano Wealth Management

Romano Brothers & Co. is a dually registered broker-dealer and investment advisor established in 1962. The firm offers active and passive investment management, financial planning, and brokerage services. Their actively managed clients invest in various securities, while passively managed accounts utilize exchange-traded funds (ETFs). Romano Brothers & Co. follows a conservative, value-oriented investment approach, custom-tailoring recommendations based on individual client needs, risk tolerance, and asset allocation. As a registered investment advisor, Romano Brothers & Co. and its investment advisor representatives (IARs) have a fiduciary duty to act in clients' best interests. Clients can impose investment restrictions, and the firm provides personalized attention to meet specific needs. The firm may recommend a brokerage relationship for certain scenarios and an advisory relationship for others, depending on the client's needs and preferences. The firm's investment philosophy focuses on preserving capital and determining advantageous investment allocations among asset classes. They offer various investment strategies, including equity securities, ETFs, mutual funds, and fixed-income securities. Romano Brothers & Co. discloses potential conflicts of interest, such as additional compensation from principal fixed-income trades and 12b-1 fees paid on mutual funds. The firm's supervised employees, including Richard C. Romano, Joseph R. V. Romano, Douglas N. Geisser, Deborah L. Cross, Peter M. Hemwall, Brett P. Larson, and Scott M. Miller, adhere to a comprehensive Code of Ethics and are subject to supervision by the Chief Compliance Officer. Clients receive regular account reviews and performance reports, and the firm does not vote proxies on behalf of clients. Romano Brothers & Co. does not have custody of client assets but uses an independent auditor for annual custody audits. The firm's fee structure is based on a percentage of assets under management, with additional fees for certain services like wire transfers.