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First Niagara Bank (Buffalo)


First Niagara Bank is a large advisory firm based in Buffalo. It manages $575.83 million of regulatory assets for 645 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Colorado, Connecticut, and 8 other states.

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First Niagara Bank provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Niagara Bank: assets under management

The assets under management (AUM) of First Niagara Bank is $575.83 million. The firm's AUM has grown by 202% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $317.98 million in discretionary accounts and $257.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $592.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.39 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Niagara Bank 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.

Based in Buffalo

The principal office where First Niagara Bank performs its advisory services is located at 726 Exchange St. Suite 900, Buffalo, NY 14210, which is also the mailing address of the firm. An additional office of the firm is in Auburn, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-819-5500 or by fax 716-819-5154. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.firstniagarabank.com.


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