North Country Investment Advisers, Inc. (Glens Falls)


North Country Investment Advisers, Inc. is a large advisory firm based in Glens Falls. It manages $185.54 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001.

North Country Investment Advisers provides portfolio management for investment companies and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

North Country Investment Advisers: assets under management

The assets under management (AUM) of North Country Investment Advisers, Inc. is $185.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 180% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $185.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $185.54 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay North Country Investment Advisers, 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 David L. Moynehan serves?

The only and largest group of clients of David L. Moynehan is investment companies with 1 clients and $185.54 million of assets under management. Among the 10 most similar advisory firms, North Country Investment Advisers has the highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $185.54 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

North Country Investment Advisers doesn't advise any private funds.

Careers at North Country Investment Advisers, Inc.

The company employs 6 people that are either part- or full-time employees. 50 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.

David L. Moynehan has been acting as President since 1 May 2002. Michael G Mihaly joined the executive team most recently as the President.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Glens Falls National Bank & Trust Company Sole owner 1 Dec 2000 75% - 100% 14-0696635
Kenneth C Hopper Director 1 Dec 2000 Other 4391517
Richard J Reisman Director 1 Dec 2000 Other 4391521
Michael F Massiano Director 1 Dec 2000 Other 4391523
Thomas L. Hoy Director 1 Dec 2000 Other 4391462
John J Murphy Treasurer 1 Dec 2000 Other 4391527
Gerard R Bilodeau Secretary 1 Dec 2000 Other 4391530
Michael S Dier Vice president 1 Dec 2000 Other 4391543
Anita Rosanne Manolt Vice president 1 Dec 2000 Other 1163334
John E Arsenault President 1 Dec 2000 Other 4391509
Jeffrey S Spaulding Controller 1 Jan 2001 Other 4391537
Peter J Lareau Compliance officer 1 Jan 2001 Other 4391607
Mary Elizabeth T Fitzgerald Director 1 May 2001 Other 4506823
David L. Moynehan Director 1 May 2002 Other 4603309
Peter Matthew Capozzola Vice president 1 Feb 2003 Other 1147984
David G. Kruczlnicki Director 1 May 2004 Other 4840887
Peter J Lareau Chief compliance officer 1 Aug 2004 Other 4391607
Terry R. Goodemote Treasurer 1 Nov 2004 Other 4906166
Herbert O. Carpenter Director 1 Apr 2006 Other 5144959
Thomas J Murphy Secretary 1 Aug 2007 Other 5438789
Leslie E. Munger Assistant compliance officer 1 Aug 2007 Other 5499189
John J Murphy Director 1 May 2008 Other 4391527
Elizabeth O'connor Little Director 1 May 2008 Other 5643459
Michael S Dier President 1 Apr 2011 Other 4391543
Richard J Reisman Director 1 May 2011 Other 4391521
Tenee R Casaccio Director 1 May 2011 Other 5919894
Colin L Read Director 1 May 2011 Other 5919896
Manuel S Orta Vice president 1 Sep 2011 Other 5974479
Douglas F Welch Secretary 1 Sep 2011 Other 5974482
John E Arsenault President 1 May 2012 Other 4391509
Peter Matthew Capozzola President 1 May 2013 Other 1147984
John E Arsenault Director 1 May 2013 Other 4391509
Elizabeth O'connor Little Director 1 Feb 2015 Other 5643459
Leslie E. Munger Chief compliance officer 1 Aug 2015 Other 5499189
James M Dawsey Director 1 Jan 2016 Other 6820636
Mark L Behan Director 1 Feb 2016 Other 6617073
Elizabeth A Miller Director 1 Feb 2016 Other 6617076
Lisa T Walbridge Secretary 1 Feb 2016 Other 6617051
Raymond Francis Oconor Director 1 Feb 2017 Other 1294398
Russell David Antonacci Secretary 1 Feb 2017 Other 3060698
Peter Matthew Capozzola Vice president 1 Jul 2017 Other 1147984
Manuel S Orta President 1 Jul 2017 Other 5974479
Edward J Campanella Treasurer 1 Oct 2017 Other 6867058
Emanuela Alina Kindron Vice president 1 Aug 2018 Other 7010811
Peter Matthew Capozzola President 1 Aug 2018 Other 1147984
Adam Matthew Horowitz Secretary 1 Feb 2019 Other 5012001
Michael G Mihaly President 1 Jun 2019 Other 7147093

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Arrow Financial Corp. Sole owner 1 Sep 1983 75% - 100% 22-2448962

Based in Glens Falls

The principal office where North Country Investment Advisers, Inc. performs its advisory services is located at C/O Glens Falls National Bank, Glens Falls, NY 12801 2161 The mailing address of the firm is 250 Glen Street, Glens Falls, NY 12801 2161. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-745-1000 or by fax 518-745-7096. The normal business hours are 9:00 a.m. - 4:30 p.m. on Monday - Friday.