Alsworth Capital Management, LLC (Corning)

Name: Alsworth Capital Management, LLC
Address: 4 West Market Street, Corning, NY, 14830
Telephone: (607) 973-2665

Alsworth Capital Management, LLC is a mid-sized advisory firm based in Corning. It manages $36.34 million of regulatory assets for 183 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

Alsworth Capital Management 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.

Alsworth Capital Management: assets under management

The assets under management (AUM) of Alsworth Capital Management, LLC is $36.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $36.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.59 thousand each.

Alsworth Capital Management has custody of $4.06 thousand in cash and securities for 1 client 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 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alsworth Capital Management, LLC 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.

What kind of clients Alsworth Capital Management 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 Alsworth Capital Management is high net worth individuals with 19 clients and $20.55 million of assets under management. Among the 3 most similar advisory firms, Alsworth Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $36.34 million for 83 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.

Alsworth Capital Management doesn't advise any private funds.

Careers at Alsworth Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 20 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 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
Shane Michael Alsworth	Chief executive officer and chief compliance officer	1 Sep 2015	50% - 75%	4418062
Jacqueline Hope Alsworh	Principal	1 Sep 2015	25% - 50%	4252773

Based in Corning

The principal office where Alsworth Capital Management, LLC performs its advisory services is located at 4 West Market Street, Corning, NY 14830, which is also the mailing address of the firm. An additional office of the firm is in Elmira, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (607) 973-2665 or by fax (607) 973-2675. The normal business hours are 9am -5pm est on Monday - Friday. You can find more information about the New York firm at alsworthcapital.com and its LinkedIn profile.