Ashford Advisors, LLC (Pittsford)


Ashford Advisors, LLC is a large advisory firm based in Pittsford. It manages $483.79 million of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, District of Columbia, Florida, and 3 other states.

Ashford Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ashford Advisors: assets under management

The assets under management (AUM) of Ashford Advisors, LLC is $483.79 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $352.22 million in discretionary accounts and $131.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.06 million.
Ashford Advisors has custody of $334.88 million in cash and securities for 61 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is government bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ashford Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.

What kind of clients Ashford Advisors serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Ashford Advisors is high net worth individuals with 49 clients and $369.6 million of assets under management. Among the 10 most similar advisory firms, Ashford Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $483.79 million for 80 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.

Ashford Advisors doesn't advise any private funds.

Careers at Ashford Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 33 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.

Jeremiah Anthony Thisse has served as the Chief Investment Officer since 1 Jan 2011. Brian Scott Roes joined the executive team most recently as the Member/Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Patrick Daniel Martin Member/manager/chief compliance officer 1 Nov 2000 75% - 100% 4369705
Jeremiah Anthony Thisse Member/chief investment officer 1 Jan 2011 25% - 50% 5899602
Brian Scott Roes Member/chief operating officer 1 Jan 2011 Other 5899620

Based in Pittsford

The principal office where Ashford Advisors, LLC performs its advisory services is located at 30 B Grove Street, Pittsford, NY 14534, 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 585-697-0362 or by fax 585-697-0367. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.