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Sbu Bank Trust Department (Binghamton)


Sbu Bank Trust Department is a large advisory firm based in Binghamton. It manages $343.31 million of regulatory assets for 371 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 18 other states.

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Sbu Bank Trust Department provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and market timing services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sbu Bank Trust Department: assets under management

The assets under management (AUM) of Sbu Bank Trust Department is $343.31 million. The firm's AUM has grown by 465% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $250.34 million in discretionary accounts and $92.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $756.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.32 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sbu Bank Trust Department for their services and products based on a percentage of assets under management 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.

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Mhc Partners Trust Shareholder 1 Feb 2002 50% - 75% 75-2993901

Based in Binghamton

The principal office where Sbu Bank Trust Department performs its advisory services is located at 68 Exchange Street, Binghamton, NY 13901, which is also the mailing address of the firm. An additional office of the firm is in Utica, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 607-779-2517 or by fax 607-723-8918. The normal business hours are 8 a.m. to 5 p.m. est on Monday - Friday. You can find more information about the New York firm at www.sbu.com.


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