Oneida Wealth Management, Inc. (Syracuse)


Oneida Wealth Management, Inc. is a mid-sized advisory firm based in Syracuse. It manages $60.57 million of regulatory assets for 240 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, New York, and North Carolina.

Oneida Wealth Management provides portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, 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.

Oneida Wealth Management: assets under management

The assets under management (AUM) of Oneida Wealth Management, Inc. is $60.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $60.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.39 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oneida Wealth Management, Inc. for their services and products based on a percentage of assets under management 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.

Careers at Oneida Wealth Management, Inc.

Michael Robert Kallet has been acting as President since 1 Jun 2006. Thomas Joseph Bader joined the executive team most recently as the President, Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
The Oneida Savings Bank Shareholder 1 Jun 2006 75% - 100% 15-0405820
Donald Jeremiah Abernethy Director, pres., ceo & gsp 1 Jun 2006 Other 3194164
Chasity Maureen Jaynes Director, coo (02/2013) & gsp 1 Jun 2006 Other 2638624
Thomas Joseph Bader Director & sr. vice president 1 Jun 2006 Other 1282398
Michael Robert Kallet Chairman 1 Jun 2006 Other 6198029
Richard Bonke Myers Director 1 Jun 2006 Other 6197793
John Edward Haskell Director 1 Jun 2006 Other 6197932
Eric Eugene Stickels Vice chairman 1 Jun 2006 Other 6197806
John Frances Catanzarita Director 1 Jun 2006 Other 6197798
Pierre Joseph Morisseau Director 1 Jun 2006 Other 6197931
Scott Michael Coles Cco, muni.sec.princ. & options princ. (02/2013) 1 Dec 2012 Other 2966571
Deresa Fischer Durkee Cfo 1 Feb 2013 Other 6198032
Brett Michael Zielasko Director 1 Jan 2014 Other 6306613
N.A. Community Bank National bank 1 Dec 2015 75% - 100% 15-0436580
Thomas Joseph Bader President, director 1 Jan 2016 Other 1282398

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Oneida Financial Corp. Shareholder 1 Aug 2010 75% - 100% 16-1561678
Inc. Community Bank System Shareholder 1 Dec 2015 75% - 100% 16-1213679

Based in Syracuse

The principal office where Oneida Wealth Management, Inc. performs its advisory services is located at One Group Center, Syracuse, NY 13204 1327, which is also the mailing address of the firm. An additional office of the firm is in Cazenovia, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800) 458-7509 or by fax (315) 478-1502. 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 oneidawealth.com.