Collins Advisors, LLC (Buffalo)

Name: Collins Advisors, LLC
Address: 610 Main Street, Buffalo, NY, 14202
Telephone: 716-833-6338

Collins Advisors, LLC is a mid-sized advisory firm based in Buffalo. It manages $88.99 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

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

Collins Advisors: assets under management

The assets under management (AUM) of Collins Advisors, LLC is $88.99 million. The firm's AUM has grown by 178% since the beginning of its operation, and $50 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $86.56 million in discretionary accounts and $2.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $565.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $484.93 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Collins Advisors, LLC 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.

What kind of clients Collins Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Collins Advisors is high net worth individuals with 71 clients and $67.54 million of assets under management. Among the 3 most similar advisory firms, Collins Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $88.99 million for 158 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.

Collins Advisors doesn't advise any private funds.

Careers at Collins Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Lee Collins	Managing member	1 Mar 2003	75% - 100%	1311804
Christine Lee Collins Schwinger	Vice president	1 Dec 2005	Other	5987515
Christine Lee Collins	Chief compliance officer	1 Dec 2005	Other	5987515
Megan Mclaughlin Blake	Cco	1 Jun 2013	Other	6217831
Carla A Arcuri	Cco	1 Feb 2015	Other	6486760

Based in Buffalo

The principal office where Collins Advisors, LLC performs its advisory services is located at 610 Main Street, Buffalo, NY 14202, 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 716-833-6338 or by fax 716-835-3739. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at collinsadvisorsllc.com.