Armbruster Capital Management, Inc. (Pittsford)

Name: Armbruster Capital Management, Inc.
Address: 1250 Pittsford Victor Road, Pittsford, NY, 14534
Telephone: 585-381-4180

Armbruster Capital Management, Inc. is a large advisory firm based in Pittsford. It manages $423.17 million of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, New York, and North Carolina.

Armbruster Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Armbruster Capital Management: assets under management

The assets under management (AUM) of Armbruster Capital Management, Inc. is $423.17 million. The firm's AUM has grown by 1528% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $391.94 million in discretionary accounts and $31.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.38 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.56 million.

Armbruster Capital Management has custody of $4.6 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Armbruster Capital Management, 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 Mark Edward Armbruster 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 Mark Edward Armbruster is high net worth individuals with 163 clients and $307.44 million of assets under management. Among the 7 most similar advisory firms, Armbruster Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $415.89 million for 301 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.

Armbruster Capital Management doesn't advise any private funds.

Careers at Armbruster Capital Management, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Edward Armbruster has been acting as President since 1 Aug 2009. Christopher Michael Cebula joined the executive team most recently as the Cfo, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Edward Armbruster	President	1 Aug 2009	75% - 100%	2687579
Christopher Michael Cebula	Cfo, chief compliance officer	1 Dec 2013	Other	6460301

Based in Pittsford

The principal office where Armbruster Capital Management, Inc. performs its advisory services is located at 1250 Pittsford Victor Road, Pittsford, NY 14534, 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 585-381-4180 or by fax 585-381-4197. The normal business hours are 8:30 am-5:00pm on Monday - Friday. You can find more information about the New York firm at armbrustercapital.com.