Saperston Asset Management, Inc. is a large advisory firm based in Hamburg. It manages $178.86 million of regulatory assets for 723 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 11 other states.
Saperston Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.
The assets under management (AUM) of Saperston Asset Management, Inc. is $178.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Saperston Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Saperston Asset Management is high net worth individuals with 137 clients and $93.21 million of assets under management. Among the 9 most similar advisory firms, Saperston Asset Management has the 3rd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $178.86 million for 723 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.
Saperston Asset Management doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Saperston Asset Management, Inc. performs its advisory services is located at 172 Lake Street, Hamburg, NY 14075, which is also the mailing address of the firm. An additional office of the firm is in Olympia, WA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 716-649-9800 or by fax 716-649-9875. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at saperston.com.