Albany Financial Planners Inc (Albany)

Albany Financial Planners Inc is a large advisory firm based in Albany. It manages $274.71 million of regulatory assets for 600 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, New York, and Virginia.

Albany Financial Planners provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Albany Financial Planners: assets under management

The assets under management (AUM) of Albany Financial Planners Inc is $274.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 303% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $274.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.84 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Albany Financial Planners Inc 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.

Careers at Albany Financial Planners Inc

Michael J Hickey has been acting as President since 1 Nov 1984. Donald Wesley Carman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joseph Hickey	President	1 Nov 1984	50% - 75%	14-1661288
Donald Wesley Carman	Vice-president	1 Nov 1984	50% - 75%	14-1661288
Donald W Carman	Vice president	1 Nov 1984	50% - 75%	5289905
Michael J Hickey	President	1 Nov 1984	50% - 75%	5289918
Donald Wesley Carman	Chief compliance officer	1 Oct 2004	50% - 75%	14-1661288
Donald W Carman	Chief compliance officer	1 Oct 2004	50% - 75%	5289905

Based in Albany

The principal office where Albany Financial Planners Inc performs its advisory services is located at 3 Atrium Drive, Albany, NY 12205, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.