Jnb Advisors LLC (Albany)

Name: Jnb Advisors LLC
Address: 4 Tower Place, Albany, NY, 12203 3710
Telephone: 518-218-1218

Jnb Advisors LLC is a large advisory firm based in Albany. It manages $1.8 billion of regulatory assets for 582 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Connecticut, Florida, and 9 other states.

Jnb Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and family limited partnerships/family office services; consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jnb Advisors: assets under management

The assets under management (AUM) of Jnb Advisors LLC is $1.8 billion. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.71 billion in discretionary accounts and $88.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.02 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.34 million.

Investments

The firm invests in cash and cash equivalents the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jnb Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jnb Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jnb Advisors is corporations or other businesses with 15 clients and $786.91 million of assets under management. Among the 9 most similar advisory firms, Jnb Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.7 billion for 574 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.

Jnb Advisors doesn't advise any private funds.

Careers at Jnb Advisors LLC

The company employs 28 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 5 people 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.

Hugh Albert Johnson has served as the Chief Investment Officer since 1 Jul 2019. Daniel Joseph Rutnik joined the executive team most recently as the Co President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Joseph Rutnik	Co-president	1 Jul 2019	Other	1364451
Hugh Albert Johnson	Chief investment officer	1 Jul 2019	Other	259590
Daniel Paul Nolan	Co-president	1 Jul 2019	Other	707121
Susan M Reese	Senior vice president	1 Jul 2019	Other	5092840
Christopher Michael Denisulk	Senior account manager	1 Jul 2019	Other	4737610
Charles Alan Brown	Vice president	1 Jul 2019	Other	2820171
Robert Taft Hennes	Managing director	1 Jul 2019	Other	833753
Renee Whittet Galloway	Chief financial officer	1 Jul 2019	Other	7150544
Joseph Newton Vet	Chief compliance officer	1 Jul 2019	Other	4353995
C Dianne Mcknight	Vice president	1 Jul 2019	Other	1319946

Based in Albany

The principal office where Jnb Advisors LLC performs its advisory services is located at 4 Tower Place, Albany, NY 12203 3710, which is also the mailing address of the firm. An additional office of the firm is in Saratoga Springs, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-218-1218 or by fax 518-218-1295. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at facebook.com/benderlaneadvisory/.