Engleson & Associates, Inc. (Rochester)

Engleson & Associates, Inc. is a mid-sized advisory firm based in Rochester. It manages $51.19 million of regulatory assets for 644 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of New York.

Engleson & Associates provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Engleson & Associates: assets under management

The assets under management (AUM) of Engleson & Associates, Inc. is $51.19 million. The firm's AUM has grown by 77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $47.45 million in discretionary accounts and $3.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $77.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $124.7 thousand.

Engleson & Associates has custody of $2.15 million in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Engleson & Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Engleson & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Engleson & Associates is individuals with 420 clients and $29.1 million of assets under management. Among the 5 most similar advisory firms, Engleson & Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $51.19 million for 454 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.

Engleson & Associates doesn't advise any private funds.

Careers at Engleson & Associates, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Philip Michael Engleson	President, chief compliance officer	1 Mar 1996	75% - 100%	201363
Jonathan Michael Valerie	President, chief executive officer, chief compliance officer	1 Jan 2015	75% - 100%	5716244

Based in Rochester

The principal office where Engleson & Associates, Inc. performs its advisory services is located at 930 East Avenue, Rochester, NY 14607, 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 585-424-6150 or by fax 585-424-6597. The normal business hours are 9:00a.m. - 5:00p.m. on Monday - Friday.