Cornell Pochily Investment Advisors, Inc. (Ithaca)

Name: Cornell Pochily Investment Advisors, Inc.
Address: 2415 North Triphammer Road, Ithaca, NY, 14850
Telephone: 607-391-7080

Cornell Pochily Investment Advisors, Inc. is a large advisory firm based in Ithaca. It manages $373.07 million of regulatory assets for 1,134 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, Maryland, and 6 other states.

Cornell Pochily Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and certificate of deposit. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornell Pochily Investment Advisors: assets under management

The assets under management (AUM) of Cornell Pochily Investment Advisors, Inc. is $373.07 million. The firm's AUM has grown by 985% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $305.38 million in discretionary accounts and $67.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $320.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $371.9 thousand.

Cornell Pochily Investment Advisors has custody of $23.41 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornell Pochily Investment Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ezra Cornell serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Ezra Cornell is high net worth individuals with 106 clients and $258 million of assets under management. Among the 7 most similar advisory firms, Cornell Pochily Investment Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $362.09 million for 480 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.

Cornell Pochily Investment Advisors doesn't advise any private funds.

Careers at Cornell Pochily Investment Advisors, Inc.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.

Ezra Cornell has been acting as President since 1 Jan 2008. Nelson Bradford Mead joined the executive team most recently as the Senior Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ezra Cornell	President/chief compliance officer	1 Jan 2008	75% - 100%	707941
Robert Thomas Pochily	Vice president	1 Jan 2008	25% - 50%	3176262
Nelson Bradford Mead	Senior portfolio manager	1 Jan 2015	Other	1749754

Based in Ithaca

The principal office where Cornell Pochily Investment Advisors, Inc. performs its advisory services is located at 2415 North Triphammer Road, Ithaca, NY 14850, 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 607-391-7080 or by fax 607-697-0147. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at cornellpochily.com.