Finding a Top Financial Advisor Firm in Williamsville, New York
Finding the right financial advisor is a difficult process, but nonetheless it’s a necessary one. In order to help you simplify your search, SmartAsset’s experts have formulated this breakdown of the top Williamsville, New York financial advisor firms. There’s a plethora of information about each firm below, including insights into their fee schedules, typical clientele, minimums, services and more. SmartAsset’s financial advisor matching tool offers a more tailored approach, as it can pair you with up to three financial advisors in your area based on your personal preferences.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||WNY Asset Management Find an Advisor||$673,668,044||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Ogorek Wealth Management, LLC Find an Advisor||$357,767,112||$500,000|| || |
|3||Independent Solutions Wealth Management, LLC Find an Advisor||$357,499,999||$50,000|| || |
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|4||Waterford Advisors Find an Advisor||$265,807,509||$500,000|| || |
|5||Florian Financial Group, LLC Find an Advisor||$89,746,047||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Emergent Wealth Advisors, LLC Find an Advisor||$72,562,008||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Cambridge Advisors, LLC Find an Advisor||$47,054,844||$250,000|| || |
|8||Lincoln Sparrow Advisors, LLC Find an Advisor||$28,632,640||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Williamsville, 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 Williamsville, New York, as all SEC-registered companies 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).
WNY Asset Management
With more than 2,500 clients, WNY Asset Management, LLC has the largest client base on this list. As a direct result of this, it has the most assets under management (AUM) with almost $674 million. Individuals, high-net-worth individuals, charitable organizations and corporations all work with the firm.
WNY Asset Management provides a range of services, including investment advisory, financial planning, consulting and educational seminars or workshops on occasion. The firm doesn’t impose any sort of minimum account size.
WNY 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.
WNY Asset Management Background
WNY Asset Management was founded in 2000, and it’s currently owned by partners John Anthony Pieroni, Robert Anthony Castiglione II and Ronald Marc Lojacono. The firm employs 10 advisors. Among these, eight are certified financial planners (CFPs) and one is a certified public accountant (CPA).
Fees for wealth management services are percentage-based, ranging from 0.85% to 1.30% of your AUM, depending on the value of your assets. Financial planning services come with either a fixed fee between $600 and $30,000 or an hourly fee between $150 and $350.
WNY Asset Management Investment Philosophy
WNY Asset Management primarily uses individual equities, bonds and other fixed-income securities, mutual funds and exchange-traded funds (ETFs) when constructing client portfolios. The firm maintains four different mutual fund asset allocation programs that range in risk level from conservative to aggressive.
When determining the proper asset allocation for each client, the firm will consider a range of factors specific to that client. These can include their investing goals, risk tolerance, time horizon, current investments, cash flow needs and specific investing preferences.
Ogorek Wealth Management, LLC
Ogorek Wealth Management, LLC has been providing investment advice in Williamsville for almost 20 years. The firm employs four advisors and works with individuals, high-net-worth individuals and charitable organizations.
The firm specializes in fee-only investment advisory services, financial planning and consulting. New clients are generally required to have $500,000 in investable assets. However, the firm may decide to waive this minimum at its discretion.
Ogorek Wealth Management Background
Ogorek Wealth Management was founded in 2001 by Anthony Ogorek, who is still the firm’s principal owner today. Among the firm’s four advisors, one is a certified financial planner (CFP) and one is a certified public accountant (CPA).
Fees for investment advisory services are based on a percentage of client assets that can range from 0.65% to 0.95%. The specific percentage may be negotiable for larger accounts. For financial planning and consulting services, the firm doesn’t typically charge a separate fee, as it instead wraps it into the investment advisory charge.
Ogorek Wealth Management Investment Philosophy
Ogorek Wealth Management generally recommends that clients invest in a combination of individual stocks, bonds or other fixed-income instruments, mutual funds and exchange-traded funds (ETFs). The firm will base how long it intends to hold on to its investments on factors specific to each client.
The firm begins the portfolio creation process by working with each client to establish a target asset allocation. The client’s financial objectives, comfort level with investing risk, age, income and other factors will all coalesce to best inform the firm on the most appropriate way to divvy up the client’s asset between securities.
Independent Solutions Wealth Management, LLC
Independent Solutions Wealth Management, LLC is the third-place firm in our roundup. With roughly $357 million in assets under management (AUM), it’s less than $300,000 shy of second-place Ogorek Wealth Management. The firm’s 2,170 clients are overwhelmingly individuals, but it also works with some high-net-worth individuals and businesses as well. The firm has a minimum opening account size of $50,000.
Independent Solutions Wealth Management offers a wide range of services including mutual fund portfolio management, exchange-traded fund (ETF) portfolio management, stock portfolio management, third-party manager selection and financial planning.
Independent Solutions Wealth Management is a fee-based firm, as certain members of its advisory team are licensed to sell insurance products, like life insurance or annuities. Additionally, several advisors are registered representatives of a broker-dealer, meaning they can oversee securities transactions that can lead to commissions. This creates the potential for conflicts of interest, although the firm has a fiduciary duty to always act in clients’ best interests.
Independent Solutions Wealth Management Background
Independent Solutions Wealth Management first opened its doors back in 2008. The firm has three principal owners: Glenn Wiggle, Michael Lomas and Daniel Neiman. There are 22 advisors working at the firm, and information about the advisors’ professional certifications isn’t available.
The firm charges fees for investment management services based on a percentage of your AUM that ranges up to 2.50%. If you partake in the stock portfolio management program, however, the percentage can reach up to 2.75%. What rate you receive in the end is dependent on the value of your assets on the last day of the previous billing period. Financial planning fees are charged as a $500 to $10,000 fixed fee.
Independent Solutions Wealth Management Investment Philosophy
Independent Solutions offers three different investment programs: mutual fund portfolio management, ETF portfolio management and stock portfolio management. As the names suggest, each program involves the construction of a portfolio consisting of each investment security.
The investing approach for each management program is pretty similar beyond the difference above. For both mutual fund and ETF programs, the firm will start by deciding on a high-level asset allocation, from very conservative to very aggressive. The client’s risk tolerance and goals will help determine this. From there, the firm will target funds that represent at least eight different sub-asset class, including large-cap stocks, mid-cap stocks, real estate and others.
With all portfolios, the firm will review asset allocation on a semi-annual basis, and chosen funds and fund managers on a monthly basis.
Waterford Advisors, LLC
Next up on our list is Waterford Advisors, LLC, a firm that employs four advisors. The firm works with a 230-client mix of individuals, high-net-worth individuals and pension plans. At $500,000, Waterford is tied with Ogorek Wealth Management for the highest minimum account size on this list. The firm specializes in financial planning, portfolio management, model portfolio management and consulting for retirement plans. Model portfolio management involves clients accessing asset allocation programs provided by FTJ FundChoice, LLC.
Some advisors at Waterford Advisors are licensed to sell insurance products like annuities or life insurance, and some can also oversee certain securities transactions as registered representatives of a broker-dealer. These sales and transactions can generate commissions for these advisors, which creates the potential for a conflict of interest. However, this fee-based firm is bound by fiduciary duty to always act in its clients best interests.
Waterford Advisors Background
Waterford Advisors was established in 2000. The firm is fully owned by SVT International, Inc., which is principally owned by both Gregory L. Kozerski and David T. Hore. Kozerski is the president of Waterford and one of its advisors. All four advisors are certified financial planners (CFPs), two are certified public accountants (CPAs) and one is an accredited investment fiduciary analyst (AIFA).
The fees for both portfolio management and model portfolio management take the form of an asset-based percentage. Portfolio management rates range from 0.35% to 1.20%, while model portfolio management rates are lower at 0.15% to 0.45%. Financial planning services are typically offered at no additional charge.
Waterford Advisors Investment Philosophy
Waterford Advisors generally invests client assets in a range of no-load or load-waived mutual funds and exchange-traded funds (ETFs). The firm generally starts by placing clients in one of five broad portfolio categories: Aggressive Growth, Capital Growth, Balanced Growth, Conservative Growth and Capital Preservation & Income. As each category becomes more aggressive, a prospective portfolio would invest less in safer fixed-income securities and more in equities.
Once the broad portfolio category is decided upon, the firm will tailor the asset allocation and investments to the specifics of the client, taking into account their timeline, preferences, investing objectives and comfort with risk.
Florian Financial Group, LLC
Florian Financial Group, LLC has the fewest advisors of any firm on this list with just one. A fee-only firm, it manages just under $90 million in assets and works with more than 200 clients. These clients include individuals, high-net-worth individuals, pensions and charitable organizations.
Florian Financial Group offers portfolio management and financial planning, as well as consulting for retirement plans. The firm does not maintain a minimum asset requirement.
Florian Financial Group Background
Florian Financial Group first opened its doors in 1997, making it the oldest firm on this list. The firm is principally owned by founder Robert Michael Florian, who also serves as the firm’s only advisor. Florian is a certified financial planner (CFP), a certified public accountant (CPA) and a chartered life underwriter (CLU).
The firm charges a percentage-based fee for individual portfolio management, and the exact rate can range from 0.50% and 1.20%, depending on the value of your assets. Financial planning fees can vary depending on exactly what services are being performed, but it should fall between $500 and $2,000.
Florian Financial Group Investment Philosophy
Florian Financial Group typically invests in no-load stock mutual funds, no-load fixed-income mutual funds and exchange-traded funds (ETFs). To a lesser extent, the firm may also include individual stocks, corporate debt securities, money market funds, certificates of deposit (CDs), municipal securities and government securities when constructing client portfolios.
Before deciding on any specific investments, the firm will look to establish a client’s objectives, risk tolerance and time horizon. With these considerations in mind, the firm will assign the client one of five broad asset allocation strategies: defensive, conservative balanced, balanced, equity-tilted balanced and equity. Each of these strategies include weighted portions of equity securities and fixed-income securities. Once a model is chosen, the firm will tailor it further to match the client, and the allocation will be continuously monitored and adjusted to best take advantage of economic conditions.
Emergent Wealth Advisors, LLC
Emergent Wealth Advisors, LLC has been doing business in Williamsville since 2011 and has been registered with the SEC since 2015. The firm serves roughly 240 clients and manages around $72 million in assets. The client base is mostly made up of individuals and high-net-worth individuals, with some pension plans as well. The firm doesn’t typically impose an account minimum.
Emergent offers asset management, retirement plan advising, financial planning and consulting services to its clients. Additionally, the firm provides access to multiple externally managed investment programs.
Some advisory employees at this firm can sell insurance products or securities on a commission basis. Although this represents a potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.
Emergent Wealth Advisors Background
Emergent Wealth Advisors was founded in 2011. The firm is equally owned by chief compliance officer (CCO) Nicholas J. Efthemis and Charles E. Hanny. The two owners also act as advisors alongside Carrie A. Fahey. All three advisors are certified financial planners (CFPs), while Hanny is a chartered retirement planning counselor (CRPC) and Fahey is a chartered financial consultant (ChFC).
Emergent formulates investment management fees as a percentage of assets under management (AUM), with the specific percentage ranging as low as 1.00% and as high as 1.50%. Where you fall within this spectrum will depend on the market value of your assets, although clients with more than $3 million in assets have the opportunity to negotiate a new percentage. Financial planning fees are negotiable and charged as a flat fee that won’t exceed $7,500.
Emergent Wealth Advisors Investment Philosophy
Emergent Wealth Advisors approaches each new investing process through a prism informed by the individual client. To formulate a proper asset allocation for each client, the firm’s advisors will examine the client’s investing goals and objectives, comfort with risk, timeline until retirement and other factors. Exchange-traded funds (ETFs) and mutual funds are the primary investment vehicles used, but the firm may also invest in individual stocks and bonds to a lesser extent.
Cambridge Advisors, LLC
Cambridge Advisors, LLC is the second-to-last entry on our list, as it boasts just over $47 million in assets under management (AUM). The firm works with a mix of 57 individuals, high-net-worth individuals, pension plans and welfare benefit plans. This is the smallest client base of any firm on this list.
Cambridge focuses on portfolio management, model portfolio management, separately managed account (SMA) programs, financial planning and retirement plan consulting.
Cambridge is fee-based, as its sole advisor is licensed to sell insurance products and may receive commissions for doing so. While this creates the potential for a conflict of interest, the firm is also bound by fiduciary duty to always act in the best interests of its clients.
Cambridge Advisors, LLC Background
Cambridge Advisors first opened up shop in 2011. Its founder is also its president and only advisor, Scott M. McCarthy. McCarthy is a certified financial planner (CFP) and a certified public accountant (CPA).
Investment management fees will usually be charged as a percentage of your AUM. The exact rate you’ll pay will be between 0.50% and 1.20%, depending on the size of your account. Financial planning services are covered under this schedule as well.
Cambridge Advisors, LLC Investment Philosophy
Asset allocation is key to the investment process at Cambridge Advisors, as the firm believes that this has much more to do with long-term investing success than individual security selection. Generally, Cambridge approaches constructing client portfolios with a long-term perspective, as the firm doesn’t believe in market timing. The firm may still purchase investments with the intent to sell within a year, however, either due to market circumstances or for the purposes of rebalancing.
Clients with a lower risk tolerance will invest in a more conservative allocation that prioritizes stability over growth, and clients with more aggressive goals will receive a more equity-heavy portfolio.
Lincoln Sparrow Advisors, LLC
Lincoln Sparrow Advisors, LLC has been in business since 2013. The firm’s 153 clients are exclusively individuals, the only firm on this list with such a client base. Most are below the high-net-worth threshold, though some are above it as well. The firm doesn’t impose an asset minimum. The firm offers asset management, financial planning and consulting services to its clients.
Lincoln Sparrow is a fee-based firm, as some of its advisors are registered representatives of a broker-dealer and some are licensed to sell insurance products. These practices may generate commissions for the advisor, which creates the potential for conflicts of interest. Despite that, the firm is bound by fiduciary duty to always act in the best interests of its clients.
Lincoln Sparrow Advisors Background
Lincoln Sparrow Advisors was established in 2013, and it is wholly owned by chief compliance officer (CCO) Joshua Heims. Of the firm’s two advisors, one is an accredited investment fiduciary (AIF).
Lincoln Sparrow charges management fees as a percentage of your assets under management (AUM). These range from 1.25% to 2.50%, depending on the value of your assets. Financial planning and consulting fees are negotiable and can vary from client to client.
Lincoln Sparrow Advisors Investment Philosophy
Lincoln Sparrow Advisors personalizes its approach to investing for each client. The firm will factor in your appetite for risk, time until retirement and ultimate financial goals before arriving at a final asset allocation. The firm typically uses a handful of broad asset allocation strategies to help start the process of tailoring the investment portfolio to the client’s risk tolerance.
Lincoln Sparrow diversifies client portfolios across several different mutual funds. The firm may also invest in exchange-traded funds (ETFs) and individual stocks for the purposes of supplementing mutual fund holdings.