Finding a Top Financial Advisor Firm in Saratoga Springs, New York
SmartAsset’s overview of the top Saratoga Springs financial advisor firms is intended to make your search for a financial advisor much simpler. Below we review the important facts about each firm, with information detailing account minimums, fee schedules, client base and more. For a more tailored approach, SmartAsset’s financial advisor matching tool can pair you with as many as three financial advisors in your area based on your personal needs.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||King Wealth Management Group, LLC Find an Advisor||$439,043,216||$500,000|| || |
|2||MinichMacGregor Wealth Management, LLC Find an Advisor||$247,932,125||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Vahanian & Associates Financial Planning, Inc. Find an Advisor||$133,585,564||$500,000|| || |
|4||Continuum Wealth Advisors, LLC Find an Advisor||$111,807,000||$100,000|| || |
|5||Saratoga Wealth Advisors, LLC Find an Advisor||$87,432,619||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Sterling Manor Financial, LLC Find an Advisor||$70,583,112||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Sage Hill Advisory and Management, LLC Find an Advisor||$48,192,951||$1,000,000|| || |
|8||Lee Investment Management, LLC Find an Advisor||$40,858,468||$250,000|| || |
|9||Shade Tree Advisors, LLC Find an Advisor||$28,386,611||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Saratoga Springs, New York
SmartAsset’s experts narrowed the pool of potential financial advisor firms for this list by removing any that aren’t registered with the U.S. Securities and Exchange Commission (SEC) in Saratoga Springs, New York. This is because all SEC-registered firms have a fiduciary duty to act in their clients’ best interests. Next, we removed any firms that have disclosures, lack financial planning services or do not manage individual accounts. The culmination of this list can be found below, with each firm ordered based on its assets under management (AUM).
King Wealth Management Group, LLC
King Wealth Management Group, LLC is a wealth advisory firm that was established in 2012. Over the years, it has accrued around 540 clients who hold more than $439 million in assets under management (AUM). The firm’s client base is home to individuals, high-net-worth individuals, charitable organizations and corporations.
The firm provides financial planning, fee-only portfolio management for both individuals and businesses and the selection of outside advisors. King Wealth generally imposes an account minimum of $500,000, but it reserves the right to waive this requirement.
King Wealth Management Group Background
King Wealth Management Group was established in 2012, and it is owned by president Lawrence E. King and vice president Daniel P. Gale. The firm employs six advisors. Among them are one certified financial planner (CFP).
For portfolio management services, the firm will typically charge a percentage of your AUM that won’t exceed 1.50%, depending on the market value of your assets. Financial planning fees are typically charged as a fixed fee between $2,500 and $10,000.
King Wealth Management Group Investment Philosophy
King Wealth Management Group typically invests in a range of individual equities, debt securities and exchange-traded funds (ETFs) when building client portfolios. The firm may also include mutual funds and commodities on a more limited basis.
King Wealth Management Group tailors its investment strategy to each individual client, using the client’s objectives, comfort with risk, time until retirement and other investing preferences to formulate the most appropriate asset allocation for them.
Minich MacGregor Wealth Management, LLC
Minich MacGregor Wealth Management, LLC has been around since 2009, currently employing four advisors. The firm manages just under $248 million in assets from about 620 clients. The firm’s clients are a mix of individuals, high-net-worth individuals, pension plans, charitable organizations and corporations.
The firm offers financial planning, consulting, portfolio management, independent advisor selection and consulting for retirement plans. The firm doesn’t have an account minimum.
The firm is fee-based, as some advisors are separately licensed to sell insurance products such as life insurance or annuities. While this creates the potential for conflicts of interest, the firm is bound by fiduciary duty to always act in its clients’ best interests.
Minich MacGregor Wealth Management Background
Minich MacGregor Wealth Management was formed in 2009 by principals James F. Minich and Jason K. MacGregor. The two are still the owners of the firm, and they serve as two of the firm’s four advisors. One advisor is an accredited investment fiduciary (AIF).
For investment management services, the firm will typically charge you 0.50% to 2.35% of your invested assets. Financial planning fees can take the form of a fixed fee or an hourly fee. Fixed fees range from $750 to $5,000, and hourly fees range from $200 to $300. Additionally, if you have a net worth greater than $2,000,000 or the firm manages more than $1,000,000 of your assets, the firm may charge a negotiable performance-based fee that’s tied to the appreciation of the assets in your account. This is fairly uncommon industry-wide.
Minich MacGregor Wealth Management Investment Philosophy
A key aspect of the Minich MacGregor Wealth Management investment process is fitting its strategy to individualized factors like your time horizon, need for liquidity, risk tolerance and investment goals. For most clients, the firm will construct a portfolio consisting of mutual funds, exchange-traded funds (ETFs) and investments with third-party advisors.
When analyzing potential investment options for client portfolios, Minich MacGregor will employ a wide range of methods, including examining historical price and volume data, looking at a fund manager’s past performance or a company’s financial statements and examining cyclical price data in an attempt to discern predictable patterns.
Vahanian & Associates Financial Planning, Inc.
Vahanian & Associates Financial Planning, Inc. employs six financial advisors. This team serves 160 clients and manages $133 million in assets. Founded in 1986, the firm works with a mix of individuals and high-net-worth individuals.
The firm offers financial planning, investment management and consulting services for individuals and retirement plans. Typically, the firm expects new clients to have at least $500,000 in investable assets.
Vahanian is a fee-based firm, meaning its advisors may earn commissions on top of standard advisory fees, either through certain securities transactions or the sale of insurance products. While this may create a potential conflict of interest, the firm has a fiduciary duty to always act in your best interest.
Vahanian & Associates Financial Planning Background
Vahanian & Associates Financial Planning was established in 1986. The firm is owned by Jeffrey C. Vahanian, who also serves as the firm’s president. Six advisors work at the firm, and among them are two certified financial planners (CFPs).
For investment management services, the firm charges a percentage of your assets under management (AUM), typically 1.25%. For financial planning and consulting services, the firm will charge an hourly fee of $250. These fees are non-negotiable, except in very limited circumstances.
Vahanian & Associates Financial Planning Investment Philosophy
Vahanian & Associates Financial Planning usually invests in mutual funds and exchange-traded funds (ETFs), provided that these securities fit in with a client’s risk tolerance and overall investment goals. The firm may also invest in individual equities and fixed-income securities to a lesser extent.
When deciding on what to invest in, the firm will examine a fund’s historical performance, management and investment style, as well as other fundamental factors. To determine the proper asset allocation, advisors will consider the client’s risk tolerance, investment objectives, time horizon, income needs and tax circumstances.
Continuum Wealth Advisors, LLC
Continuum Wealth Advisors, LLC is an advisory firm with three advisors that was founded in 2010. It has a 230-member client base that’s split between individuals, high-net-worth individuals and pension plans.
The firm provides financial planning services, along with investment management, consulting for retirement plans and selection of external advisors. There is a $100,000 minimum portfolio size at Continuum, though this is a waivable requirement.
As a fee-based firm, some advisors here may earn commissions from selling insurance products, thus creating a potential conflict of interest. Despite this, the firm will always act in the best interests of its clients due to its overarching fiduciary duty.
Continuum Wealth Advisors Background
Continuum Wealth Advisors was created in 2010. The firm is principally owned by Timothy Smith, who also acts as CEO and chief compliance officer (CCO). Smith is one of three advisors at the firm, none of whom hold any advisory certifications.
Management fees at the firm tend to fall between 0.30% and 1.00% of your assets under management (AUM). These fees cover both investment management and financial planning services. Only in limited circumstances will the firm charge a separate fee for financial planning.
Continuum Wealth Advisors Investment Philosophy
Continuum Wealth Advisors primarily invests client assets in some combination of mutual funds, exchange-traded funds (ETFs), debt securities, equity securities and independent investment managers.
Continuum invests assets with a long-term perspective most of the time, although it may oversee short-term transactions per a client’s request or for the purposes of rebalancing a client’s portfolio to its target asset allocation.
Saratoga Wealth Advisors, LLC
Saratoga Wealth Advisors, LLC has $87 million in assets under management (AUM), and it serves roughly 305 clients. Individuals and high-net-worth individuals make up the entirety of the firm’s client base. Saratoga is a fee-only firm.
Saratoga provides portfolio management, investment consulting, financial planning and outside manager selection services. The firm doesn’t maintain any sort of account minimum.
Saratoga Wealth Advisors Background
Saratoga Wealth Advisors was established in 2003. Its principal owner is Jeffrey A. Trowbridge, who helped found the firm and serves as its sole advisor.
Financial planning fees can come in the form of a fixed fee between $6,000 and $75,000 or an hourly fee between $85 and $450, depending on the scope of the services and the complexity of your financial situation. Investment management fees are based on a percentage of your AUM, usually between 0.25% and 1.00%.
Saratoga Wealth Advisors Investment Philosophy
Saratoga Wealth Advisors works to personalize its investment strategy to each client by sitting down with them and establishing their risk tolerance, financial needs, investment objectives, time horizon and other relevant factors. The firm takes this information and uses it to create an asset allocation and strategy that’s best equipped to produce success over the long term.
Saratoga Wealth Advisors typically invests in a combination of exchange-listed securities, securities traded over-the-counter, foreign issuers, warrants, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, variable annuities, mutual funds, government securities, options contracts on securities, options contracts on commodities and more.
Sterling Manor Financial, LLC
Sterling Manor Financial, LLC has been an investment advisor in New York state since 2006. Its 338 clients are a mix of individuals, high-net-worth individuals and charitable organizations. The firm has about $70 million in assets under management (AUM).
The firm provides portfolio management services through a wrap fee program, in addition to financial planning and consulting services. The firm doesn’t typically impose a minimum account size for new clients.
Certain Sterling Manor advisors are registered representatives of a broker-dealer, which means they may earn commissions for conducting certain securities transactions. Additionally, some advisors are separately licensed to sell insurance products, which may also generate commissions. These commissions create the potential for conflicts of interests, but the fee-based firm is still bound by fiduciary duty to always act in your best interest.
Sterling Manor Financial Background
Sterling Manor Financial was formed in 2006. Currently, its principal owners are Stephen M. Kyne and Adam F. Doig. Kyne and Doig serve as two of the firm’s four advisors, and Kyne is a certified financial planner (CFP).
Sterling Manor calculates investment management fees as a percentage of your AUM. The exact percentage is negotiable, but it won’t exceed 2.00% annually. Portfolio management services are offered as a wrap fee program, meaning this percentage fee will cover all advisory services, brokerage fees and any administrative fees. Financial planning and consulting clients will be charged either a fixed fee between $250 and $2,000 or an hourly fee between $75 and $250.
Sterling Manor Financial Investment Philosophy
Sterling Manor Financial’s investment approach for each client uses the tenets of modern portfolio theory (MPT), which espouses that the best way to optimize a portfolio for a given risk level is through broad diversification across many different asset classes.
Securities used in Sterling Manor’s portfolios may include mutual funds, fixed-income securities, insurance products like annuities, equities, exchange-traded funds (ETFs) or treasury inflation-protected/inflation-linked bonds.
Sage Hill Advisory and Management, LLC
Sage Hill Advisory and Management, LLC has been providing investment advice to clients in the Saratoga Springs area since 2009. Its 22 clients are all high-net-worth individuals. Sage Hill has the highest account minimum of any firm on this list at $1 million, though this is waivable.
Some Sage Hill advisors are separately licensed to sell insurance products like life insurance or annuities, and some advisors are registered representatives of a broker-dealer, meaning they can initiate securities transactions. Advisors in these roles may earn commissions, which creates a potential conflict of interest. However, it remains that Sage Hill has a fiduciary duty to act in its clients’ best interests at all times.
The firm provides financial planning and consulting to its clients, on top of investment supervisory services. Occasionally, the firm may also select independent advisors to oversee client assets.
Sage Hill Advisory and Management Background
Sage Hill Advisory and Management was founded in 2009. The firm’s principal owners are Philip J. Toffel and Frank M. Antalek, who are also the firm’s two advisors. Toffel is the firm’s CEO, and Antalek is the firm’s president and a chartered financial consultant (ChFC).
Fees for investment advisory services are charged as a percentage of your assets under management (AUM) that can vary from 0.60% to 1.35%. Financial planning services typically come with a fixed fee that can be anywhere from $5,000 to $500,000.
Sage Hill Advisory and Management Investment Philosophy
Sage Hill Advisory and Management primarily invests in a mix of mutual funds, equities, bonds, fixed-income, debt securities, exchange-traded funds (ETFs), real estate, hedge funds, third-party money managers, real estate investment trusts (REITs), insurance products including annuities, private placements and government securities.
Sage Hill advisors employ fundamental analysis when it comes to evaluating securities. Fundamental analysis is the attempt to discern a company’s intrinsic economic value by analyzing things like its balance sheet, management and other financial documents, rather than focusing only on the movement of its stock price.
Lee Investment Management, LLC
Lee Investment Management, LLC is a one-man shop that’s been doing business in Saratoga Springs since 1998. Like more than half the firms on this list, its 118 clients are all individuals. The firm has just shy of $41 million in assets under management (AUM).
SGH Wealth Management primarily provides asset management, financial planning and consulting to its clients. Typically, a minimum of $250,000 in investable assets is required to work with the firm.
Lee Investment Management Background
Lee Investment Management was formed in 1998 by James W. Lee, who is also the firm’s president, principal owner and sole advisor. Lee is a certified financial planner (CFP).
SGH charges its investment management fees as a percentage of your AUM. These can range from 1.00% to 1.20%, depending on the value of your portfolio. For clients with more than $500,000 in assets, the exact percentage is negotiable. For financial planning services, the firm will customarily charge an hourly fee of $150 with a minimum of $500.
Lee Investment Management Investment Philosophy
Lee Investment Management creates investment strategies that are tailored to each client and are centered around strategic asset allocation. The goal of strategic asset allocation is to invest across many different asset classes so you can minimize risk exposure while maximizing chances for long-term success.
The firm advises clients on equities (stocks), exchange-traded funds (ETFs), corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, investment company securities and United States government securities.
Shade Tree Advisors, LLC
Shade Tree Advisors, LLC is the youngest firm on this list, as it was first established in 2017. According to its official Form ADV, the firm currently works with just one high-net-worth individual client and manages roughly $28 million in assets under management (AUM).
The firm provides a plethora of services, such as investment advice, financial planning and estate planning. Shade Tree normally offers non-discretionary investment advice, but it may provide discretionary management in special circumstances. While the firm doesn’t have any official account minimum, it prefers to work with wealthy individuals or families that are looking for the best long-term investing approach rather than the cheapest.
Shade Tree Advisors, LLC Background
Shade Tree Advisors, LLC was founded in 2017, and it’s currently owned by Oak Leaf Holdings, LLC, which is itself owned by Jesse O. George, Amy Seagroatt, Adriene Knapp and Kyle P. Boni. Among the firm’s six advisors, two are certified public accountants (CPAs) and one is a chartered financial analyst (CFA).
Management fees at Shade Tree Advisors are typically fixed and negotiable. They usually come out to between $50,000 and $300,000 annually. The fees are usually paid quarterly, but other arrangements can be made depending on your specific circumstances.
Shade Tree Advisors, LLC Investment Philosophy
Shade Tree Advisors, LLC relies on modern portfolio theory, or MPT, among other methods of analysis, to guide its investment advice. MPT is the idea that expected return can be optimized for a given level of risk, typically through broad asset allocation.
The firm uses each client’s long-term investing goals, time horizon, liquidity needs, comfort with risk and other financial factors to come up with the proper asset allocation for their portfolio. Each portfolio is diversified globally and across many different markets. Shade Tree doesn’t usually limit the types of securities or investments for which it will provide advice to clients.