Fsc Wealth Advisors, LLC (Wappingers Falls)

Fsc Wealth Advisors, LLC is a large advisory firm based in Wappingers Falls. It manages $121.02 million of regulatory assets for 1,483 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut, Florida, New Hampshire, and 5 other states.

Fsc Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fsc Wealth Advisors: assets under management

The assets under management (AUM) of Fsc Wealth Advisors, LLC is $121.02 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.02 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $81.6 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fsc Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fsc Wealth Advisors serves?

The firm provides services to individuals and pooled investment vehicles. The largest group of clients of Fsc Wealth Advisors is individuals with 926 clients and $84.68 million of assets under management. Among the 13 most similar advisory firms, Fsc Wealth Advisors has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $109.2 million for 927 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fsc Wealth Advisors doesn't advise any private funds.

Careers at Fsc Wealth Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jr. Edward Robert Hogan	Chief compliance officer, managing member	1 Jun 2010	75% - 100%	2350120
Edward Robert Hogan	Chief compliance officer	1 Jun 2010	50% - 75%	2350120
James Michael Comblo	Chief compliance officer	1 Jan 2018	Other	6220665

Based in Wappingers Falls

The principal office where Fsc Wealth Advisors, LLC performs its advisory services is located at 766 Old Route 9 North, Wappingers Falls, NY 12590 The mailing address of the firm is Po Box 1635, Wappingers Falls, NY 12590. An additional office of the firm is in Oneonta, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-297-0300 or by fax 845-297-0572. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.