Reilly Herbert Faulkner Iii (Niskayuna)

Reilly Herbert Faulkner Iii is a large advisory firm based in Niskayuna. It manages $261.2 million of regulatory assets for 495 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 6 other states.

Reilly Herbert Faulkner Iii provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Reilly Herbert Faulkner Iii: assets under management

The assets under management (AUM) of Reilly Herbert Faulkner Iii is $261.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 342% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $261.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $527.68 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is government bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Reilly Herbert Faulkner Iii for their services and products based on a percentage of assets under management. 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 Reilly Herbert Faulkner Iii serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Reilly Herbert Faulkner Iii is high net worth individuals with 67 clients and $135.32 million of assets under management. Among the 8 most similar advisory firms, Reilly Herbert Faulkner Iii has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.57 million for 228 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.

Reilly Herbert Faulkner Iii doesn't advise any private funds.

Careers at Reilly Herbert Faulkner Iii

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Herbert Faulkner Reilly	Owner	1 Dec 1995	75% - 100%	1717740
Herbert Faulkner Reilly	Owner & chief compliance officer	1 Sep 2004	75% - 100%	1717740

Based in Niskayuna

The principal office where Reilly Herbert Faulkner Iii performs its advisory services is located at 1760 Van Antwerp Road, Niskayuna, NY 12309, which is also the mailing address of the firm. An additional office of the firm is in Central Square, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-346-8189 or by fax 518-346-9981. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.