Trubee, Collins & Co., Inc. (Buffalo)


Trubee, Collins & Co., Inc. is a large advisory firm based in Buffalo. It manages $265.5 million of regulatory assets for 501 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 8 other states.

Trubee, Collins & Co. provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Trubee, Collins & Co.: assets under management

The assets under management (AUM) of Trubee, Collins & Co., Inc. is $265.5 million. The firm's AUM has grown by 962% since the beginning of its operation, and $3.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $194.24 million in discretionary accounts and $71.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $462.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $879.81 thousand.
Trubee, Collins & Co. has custody of $265.5 million in cash and securities for 501 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trubee, Collins & Co., Inc. 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.

What kind of clients Trubee, Collins & Co. 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 Trubee, Collins & Co. is high net worth individuals with 53 clients and $139.1 million of assets under management. Among the 8 most similar advisory firms, Trubee, Collins & Co. has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $265.5 million for 503 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.

Trubee, Collins & Co. doesn't advise any private funds.

Careers at Trubee, Collins & Co., Inc.

The company employs 14 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 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
Edwin Mcclellan Jr Johnston Co-chairman of the board 1 Dec 1991 Other 260546
Anthony Frank Frandina Vice president / secretary - treasurer 1 Dec 1991 Other 212689
William John Bredenberg Vice president 1 Dec 1991 Other 29533
Jeffrey Allan Bowen Vice president, srop, crop 1 Dec 1991 Other 832583
Edwin Mcclellan Johnston Co-chairman of the board 1 Dec 1991 Other 260546
Robert Earl Quinn Vice president 1 Dec 1991 Other 369504
Jack Carl Reukauf Vice president 1 Dec 1991 Other 374443
Angeline Dinatale Webb Vice president 1 Dec 1991 Other 1194146
Thomas Gerard Vossler Vice president 1 Jan 1997 Other 1036328
William Henry Richardson Co-chairman of the board 1 Jan 1998 Other 375869
William Robert Pictor President, branch manager, chief compliance officer, & ceo 1 Jan 1998 Other 858533
Michael Forman Sheets Vice president, finop, & cfo 1 Jan 1998 Other 734238
Stephen Errol Bookbinder Vice president 1 Jan 2001 Other 1263051
Charles Ernest Gelo Vice president 1 Apr 2009 Other 2356060
Thomas Richard Turk Vice president 1 Oct 2009 Other 723048
John David Shine Vice president 1 Nov 2014 Other 6416650
Edwin Mcclellan Jr Johnston Retired 1 Dec 2016 Other xxx-xx-xxxx

Based in Buffalo

The principal office where Trubee, Collins & Co., Inc. performs its advisory services is located at 1350 One M & T Plaza, Buffalo, NY 14203, 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 716-849-1401 or by fax 716-849-0144. The normal business hours are 9:00 am - 4:45 pm on Monday - Friday. You can find more information about the New York firm at trubeecollins.com.