Adirondack Capital Advisors, LLC is a large advisory firm based in Syracuse. It manages $111.26 million of regulatory assets for 431 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of New Jersey and New York.
Adirondack Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and advisory consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Adirondack Capital Advisors, LLC is $111.26 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Adirondack Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Adirondack Capital Advisors is high net worth individuals with 38 clients and $50.21 million of assets under management. Among the 10 most similar advisory firms, Adirondack Capital Advisors has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $110.91 million for 174 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.
Adirondack Capital Advisors doesn't advise any private funds.
The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There’s a single person 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.
The principal office where Adirondack Capital Advisors, LLC performs its advisory services is located at 528 Plum Court, Syracuse, NY 13204, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 315-434-5597 or by fax 315-434-5598. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at adirondackadvisors.com.