Aquino, Michael Anthony (Lewiston)


Aquino, Michael Anthony is a mid-sized advisory firm based in Lewiston. It manages $27.8 million of regulatory assets for 110 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Aquino, Michael Anthony provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Aquino, Michael Anthony: assets under management

The assets under management (AUM) of Aquino, Michael Anthony is $27.8 million. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $9.39 million in discretionary accounts and $18.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $104.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $920.74 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aquino, Michael Anthony 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 Aquino, Michael Anthony serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Aquino, Michael Anthony is pension and profit sharing plans with 15 clients and $18.41 million of assets under management. Among the 3 most similar advisory firms, Aquino, Michael Anthony has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $27.8 million for 75 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.

Aquino, Michael Anthony doesn't advise any private funds.

Careers at Aquino, Michael Anthony

The company employs 2 people that are either part- or full-time employees. 100 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 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
Michael Anthony Aquino Sole proprietor/chief compliance officer 1 Dec 2011 75% - 100% 3064751

Based in Lewiston

The principal office where Aquino, Michael Anthony performs its advisory services is located at 5244 Lewiston Road, Lewiston, NY 14092, 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 (716) 531-8550. The normal business hours are 8:00-4:00 on Monday - Friday.