Nancy A Socha & Associates, LLC (Corning)

Name: Nancy A Socha & Associates, LLC
Address: 181 East Second Street, Corning, NY, 14830
Telephone: 607-962-0605

Nancy A Socha & Associates, LLC is a large advisory firm based in Corning. It manages $238.9 million of regulatory assets for 706 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Kentucky, and 10 other states.

Nancy A Socha & Associates provides financial planning services, portfolio management for individuals and small businesses, and tax preparation. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nancy A Socha & Associates: assets under management

The assets under management (AUM) of Nancy A Socha & Associates, LLC is $238.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and $2.77 million of the total AUM is attributable to clients outside of the United States.

The firm manages $238.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $338.38 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nancy A Socha & Associates, LLC 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 Nancy A Socha & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Nancy A Socha & Associates is high net worth individuals with 179 clients and $149.46 million of assets under management. Among the 9 most similar advisory firms, Nancy A Socha & Associates has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $238.9 million for 706 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.

Nancy A Socha & Associates doesn't advise any private funds.

Careers at Nancy A Socha & Associates, LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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
Nancy Ann Socha	Managing member and chief compliance officer	1 Jan 2005	50% - 75%	1156261
Louis S Socha	Managing partner	1 Jan 2005	50% - 75%	4364228

Based in Corning

The principal office where Nancy A Socha & Associates, LLC performs its advisory services is located at 181 East Second Street, Corning, NY 14830, 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 607-962-0605 or by fax 607-962-0933. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at nsocha.com.