Colley Asset Management, Inc. (Saratoga Springs)

Name: Colley Asset Management, Inc.
Address: 358 Broadway Suite 204, Saratoga Springs, NY, 12866
Telephone: 518-581-0500

Colley Asset Management, Inc. is a large advisory firm based in Saratoga Springs. It manages $140.69 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Colley Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Colley Asset Management: assets under management

The assets under management (AUM) of Colley Asset Management, Inc. is $140.69 million. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $123.05 million in discretionary accounts and $17.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $288.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $882.14 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% 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 Colley Asset Management, Inc. for their services and products based on a percentage of assets under management 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 Colley Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and state or municipal government entities. The largest group of clients of Colley Asset Management is high net worth individuals with 155 clients and $71.2 million of assets under management. Among the 10 most similar advisory firms, Colley Asset Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.6 million for 435 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.

Colley Asset Management doesn't advise any private funds.

Careers at Colley Asset Management, Inc.

The company employs 1 person that is either a part- or full-time employee. 100 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
John Earl Colley	Director, president and chief compliance officer	1 Mar 1994	75% - 100%	4380683

Based in Saratoga Springs

The principal office where Colley Asset Management, Inc. performs its advisory services is located at 358 Broadway Suite 204, 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 518-581-0500 or by fax 518-581-0525. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at colleyassetmgmt.com.