Marshall & Sterling Wealth Advisors, Inc. (Poughkeepsie)


Marshall & Sterling Wealth Advisors, Inc. is a mid-sized advisory firm based in Poughkeepsie. It manages $95.13 million of regulatory assets for 590 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, Minnesota, New York, Texas, and Virgin Islands, U.S..

Marshall & Sterling Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Marshall & Sterling Wealth Advisors: assets under management

The assets under management (AUM) of Marshall & Sterling Wealth Advisors, Inc. is $95.13 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 275% since the beginning of its operation, and $731.21 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $95.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $161.25 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marshall & Sterling Wealth Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Craig Matthew Pesce serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Craig Matthew Pesce is high net worth individuals with 37 clients and $45.66 million of assets under management. Among the 9 most similar advisory firms, Marshall & Sterling Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $90.07 million for 302 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Marshall & Sterling Wealth Advisors doesn't advise any private funds.

Careers at Marshall & Sterling Wealth Advisors, Inc.

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Craig Matthew Pesce has been acting as President since 1 Feb 2013. Michael Ambrose Ryan joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Marshall & Sterling Enterprises Owner 1 Mar 1993 75% - 100% 14-1769290
John Scott Morgan Vice president and chief compliance officer 1 Apr 2012 Other 2030826
Timothy Rychcik President and treasurer 1 Jun 2012 Other 6080601
Timothy Edward Dean Secretary 1 Jun 2012 Other 6080600
Craig Matthew Pesce Director 1 Feb 2013 Other 2860958
Michael Ambrose Ryan Vice president 1 Jun 2016 Other 2255532

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Employee Stock Ownership Plan Marshall & Sterling Enterprises Trust 1 Jan 1977 75% - 100% 14-1778128
Timothy Rychcik Trustee 1 Jun 1994 Other 6080601
John Patrick O'shea Trustee 1 Jun 1994 Other 6092358
Timothy Edward Dean Trustee 1 Oct 2011 Other 6080600
Catherine Reeck Shanks Trustee 1 Jun 2014 Other 6468830
Jeanne Marie Maloy Trustee 1 Jun 2014 Other 6469096

Based in Poughkeepsie

The principal office where Marshall & Sterling Wealth Advisors, Inc. performs its advisory services is located at 110 Main Street, Poughkeepsie, NY 12601, which is also the mailing address of the firm. An additional office of the firm is in Kingston, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-554-1046 or by fax 845-625-1640. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at ms-wealth.com.