Fagan Associates Inc (Troy)


Fagan Associates Inc is a large advisory firm based in Troy. It manages $384.08 million of regulatory assets for 1,640 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and 8 other states.

Fagan Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fagan Associates: assets under management

The assets under management (AUM) of Fagan Associates Inc is $384.08 million. The firm's AUM has grown by 230% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $383.56 million in discretionary accounts and $515.54 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $236.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $24.55 thousand.
Fagan Associates has custody of $4.94 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is government bonds, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fagan Associates Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Dennis Patrick Fagan 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 Dennis Patrick Fagan is individuals with 1,525 clients and $220.11 million of assets under management. Among the 8 most similar advisory firms, Fagan Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $384.08 million for 1,640 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.

Fagan Associates doesn't advise any private funds.

Careers at Fagan Associates Inc

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Dennis Patrick Fagan has been acting as President since 1 Aug 1989. Fagan Associates Inc joined the executive team most recently as the President And Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Dennis Patrick Fagan President/chief compliance officer 1 Aug 1989 75% - 100% 1372863
Fagan Associates Inc President and chief compliance officer 1 May 2004 75% - 100% 107562

Based in Troy

The principal office where Fagan Associates Inc performs its advisory services is located at 767 Hoosick Road, Troy, NY 12180, 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 518-279-1044 or by fax 518-279-1047. The normal business hours are 8:30 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at faganasset.com.