Adirondack Retirement Specialists, Inc. (Queensbury)

Adirondack Retirement Specialists, Inc. is a large advisory firm based in Queensbury. It manages $137.07 million of regulatory assets for 607 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Florida, New York, and Texas.

Adirondack Retirement Specialists provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Adirondack Retirement Specialists: assets under management

The assets under management (AUM) of Adirondack Retirement Specialists, Inc. is $137.07 million. The firm's AUM has grown by 151% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.46 million in discretionary accounts and $10.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $213.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $707.14 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Adirondack Retirement Specialists, Inc. 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 Adirondack Retirement Specialists serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Adirondack Retirement Specialists is individuals with 584 clients and $100.02 million of assets under management. Among the 5 most similar advisory firms, Adirondack Retirement Specialists has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $137.07 million for 607 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 Retirement Specialists doesn't advise any private funds.

Careers at Adirondack Retirement Specialists, Inc.

The company employs 6 people that are either part- or full-time employees. 17 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 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
Sean Lewis Berger	President & chief compliance officer	1 Oct 2001	75% - 100%	1754719

Based in Queensbury

The principal office where Adirondack Retirement Specialists, Inc. performs its advisory services is located at 351 Bay Road, Queensbury, NY 12804, 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 518-761-6184 or by fax 518-761-6602. The normal business hours are 9:00a.m.-5:00p.m. on Monday - Friday.