Arista Wealth Advisors, Ltd (Albany)

Name: Arista Wealth Advisors, Ltd
Address: 255 Washington Avenue Extension, Albany, NY, 12205
Telephone: 518.452.3805

Arista Wealth Advisors, Ltd is a large advisory firm based in Albany. It manages $137.79 million of regulatory assets for 499 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of New Hampshire and New York.

Arista Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Arista Wealth Advisors: assets under management

The assets under management (AUM) of Arista Wealth Advisors, Ltd is $137.79 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.63 million in discretionary accounts and $155.92 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $276.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $77.96 thousand.

Arista Wealth Advisors has custody of $3.49 million in cash and securities for 3 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 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Arista Wealth Advisors, Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Timothy Edward Casserly serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Timothy Edward Casserly is high net worth individuals with 37 clients and $89.38 million of assets under management. Among the 7 most similar advisory firms, Arista Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $137.79 million for 126 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.

Arista Wealth Advisors doesn't advise any private funds.

Careers at Arista Wealth Advisors, Ltd

The company employs 3 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.

Arista Wealth Advisors, Ltd is owned by Karin Jeanne Lopez. Timothy Edward Casserly has been acting as President since 1 Jul 2014.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Edward Casserly	President/treasurer	1 Jul 2014	50% - 75%	1309172
Karin Jeanne Lopez	Chief compliance officer/owner/vice president	1 Dec 2016	25% - 50%	4213019

Based in Albany

The principal office where Arista Wealth Advisors, Ltd performs its advisory services is located at 255 Washington Avenue Extension, Albany, NY 12205, 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 518.452.3805 or by fax 518.452.4230. The normal business hours are 8:30 -5:00 on Monday - Friday. You can find more information about the New York firm at aristawa.com/.