Excel Securities & Associates,Inc. (Rochester)

Name: Excel Securities & Associates,Inc.
Address: 200 Canal View Blvd., Rochester, NY, 14623
Telephone: 585-424-1234

Excel Securities & Associates,Inc. is a large advisory firm based in Rochester. It manages $205 million of regulatory assets for 1,042 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.

Excel Securities & Associates provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Excel Securities & Associates: assets under management

The assets under management (AUM) of Excel Securities & Associates,Inc. is $205 million. The firm's AUM has grown by 212% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $143 million in discretionary accounts and $62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $253.06 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 48% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Excel Securities & Associates,Inc. for their services and products based on a percentage of assets under management. 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 Excel Securities & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Excel Securities & Associates is individuals with 724 clients and $169.5 million of assets under management. Among the 7 most similar advisory firms, Excel Securities & Associates has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $205 million for 779 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.

Excel Securities & Associates doesn't advise any private funds.

Careers at Excel Securities & Associates,Inc.

The company employs 19 people that are either part- or full-time employees. 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
Joseph Anthony Lanzisera	President, chief compliance officer, financial & operations principal	1 Nov 1997	75% - 100%	1052572
Tami Ann Wihlen	Vice president	1 Aug 2005	Other	2712926
Terrence Patrick Britt	Vice president / coo	1 May 2007	Other	2165686

Based in Rochester

The principal office where Excel Securities & Associates,Inc. performs its advisory services is located at 200 Canal View Blvd., Rochester, NY 14623, 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 585-424-1234 or by fax 585-424-1247. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at excelsecurities.com.