Nottingham Advisors Inc. (Amherst)

Name: Nottingham Advisors Inc.
Address: 100 Corporate Parkway, Amherst, NY, 14226
Telephone: 716-633-3800

Nottingham Advisors Inc. is a large advisory firm based in Amherst. It manages $1.12 billion of regulatory assets for 2,211 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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

Nottingham Advisors: assets under management

The assets under management (AUM) of Nottingham Advisors Inc. is $1.12 billion. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.04 billion in discretionary accounts and $71.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $613.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $140.55 thousand.

Nottingham Advisors has custody of $57.34 million in cash and securities for 118 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is state and local bonds, which make up 17% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nottingham Advisors 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 Nottingham Advisors serves?

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 Nottingham Advisors is individuals with 1,523 clients and $388.33 million of assets under management. Among the 8 most similar advisory firms, Nottingham Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.12 billion for 1,753 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.

Nottingham Advisors doesn't advise any private funds.

Careers at Nottingham Advisors Inc.

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Community Bank N. A.	Bank	1 Apr 2000	75% - 100%	15-0436580
Inc. Community Bank Systems	Bank	1 Apr 2000	75% - 100%	16-0436580
Thomas Stephen Quealy	Ceo	1 Jan 2004	Other	1932474
Kathleen Elizabeth Strohmeyer	Chief compliance officer	1 Oct 2004	Other	1033694
Nicholas Verbanic	Vice-president	1 Jan 2005	Other	2229305
Lawrence Vernon Whistler	President, cio	1 Jun 2006	Other	2514595
Jeremy Briggs Beck	Vice-president	1 Mar 2008	Other	3027870
James Robert Bruce	Vp/business development	1 May 2010	Other	2643073
Karen Ann Mohn	Chief compliance officer	1 Oct 2011	Other	5993600
Kitty Mazurkiewicz	Chief compliance officer	1 Jan 2019	Other	5487759

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Community Bank Systems	Shareholder	1 Jan 1992	75% - 100%	16-1213679

Based in Amherst

The principal office where Nottingham Advisors Inc. performs its advisory services is located at 100 Corporate Parkway, Amherst, NY 14226, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach Gardens, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-633-3800 or by fax 716-633-3810. The normal business hours are 8:00 a.m. 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at nottinghamadvisors.com.