Saratoga Wealth Advisors, LLC (Saratoga Springs)

Name: Saratoga Wealth Advisors, LLC
Address: 340 Broadway, Third Floor, Saratoga Springs, NY, 12866
Telephone: 518-587-7147

Saratoga Wealth Advisors, LLC is a mid-sized advisory firm based in Saratoga Springs. It manages $87.43 million of regulatory assets for 326 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, New Jersey, and New York.

Saratoga Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Saratoga Wealth Advisors: assets under management

The assets under management (AUM) of Saratoga Wealth Advisors, LLC is $87.43 million. The firm's AUM has grown by 187% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $87.01 million in discretionary accounts and $420.09 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $285.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $20 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is government bonds, which make up 19% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Saratoga Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Saratoga Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Saratoga Wealth Advisors is high net worth individuals with 93 clients and $58.91 million of assets under management. Among the 3 most similar advisory firms, Saratoga Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $87.43 million for 305 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.

Saratoga Wealth Advisors doesn't advise any private funds.

Careers at Saratoga Wealth Advisors, LLC

The company employs 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Arthur Trowbridge	Member/chief compliance officer	1 Dec 2002	50% - 75%	2025022
Louis Robert Malikow	Member	1 Dec 2002	50% - 75%	715188

Based in Saratoga Springs

The principal office where Saratoga Wealth Advisors, LLC performs its advisory services is located at 340 Broadway, Third Floor, Saratoga Springs, NY 12866, 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 518-587-7147 or by fax 518-587-7914. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at saratogawealth.com.