Eastside Financial Advisors, LLC (Fayetteville)

Eastside Financial Advisors, LLC is a mid-sized advisory firm based in Fayetteville. It manages $36.26 million of regulatory assets for 240 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Eastside Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eastside Financial Advisors: assets under management

The assets under management (AUM) of Eastside Financial Advisors, LLC is $36.26 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $36.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.1 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 28% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Eastside Financial Advisors, LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Eastside Financial Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Eastside Financial Advisors is pension and profit sharing plans with 28 clients and $12.61 million of assets under management. Among the 2 most similar advisory firms, Eastside Financial Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $36.26 million for 240 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.

Eastside Financial Advisors doesn't advise any private funds.

Careers at Eastside Financial Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Bryan James Booher	Cco, managing member	1 Jun 2001	25% - 50%	3257805
Robert Davis Hall	Member	1 Jun 2001	50% - 75%	2268147

Based in Fayetteville

The principal office where Eastside Financial Advisors, LLC performs its advisory services is located at 551 East Genesee Street, Fayetteville, NY 13066, 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 315-637-3159 or by fax 315-637-3830. The normal business hours are 9-5 on Monday - Friday.