# Fiscalis Advisory

Fiscalis Advisory is an Asset Manager based in Anacortes, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Anacortes, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** fiscalisadvisory.com

## Regulatory record

- **CRD number:** 126934
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/126934

## About

FISCALIS ADVISORY is a professional advisory firm focused on creating personalized solutions for advanced financial planning and money management needs. It integrates taxation, investment, and advanced planning into a financial life solution driven by clients' personal goals and objectives. The firm acts as a fiduciary with a duty of loyalty to clients and works strictly in Fee-Only engagements. Its investment philosophy is an evidence-based approach rooted in Nobel Prize winning research.

## Sectors

- Private Credit
- Secondaries & Special Situations

## People

- Richard A. Zappala — Founder

## Questions

### How does Fiscalis Advisory source proprietary deal flow?

The firm sources distressed claims through a network of legal contacts, trade-creditor groups, and bilateral relationships developed over two decades in sovereign restructuring. Zappala's tenure at Kensington gave him direct relationships with finance ministries, central banks, and creditor committees across emerging markets — relationships that generate off-market claim-sale opportunities.

### Which sectors does Fiscalis Advisory explicitly avoid?

Per available evidence, the firm avoids performing credit, venture capital, private equity, and real estate. It does not participate in syndicated lending, primary bond issuance, or traditional long-only asset management. The strategy is deliberately narrow — distressed claims resolution only.

## Related profiles

- [Worthwhile Wealth Council](https://altss.com/profile/worthwhile-wealth-council)

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Last updated: 2026-08-11T15:06:42.396Z

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