Peter Allan Farrell (Albany)

Peter Allan Farrell is a mid-sized advisory firm based in Albany. It manages $52.62 million of regulatory assets for 73 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

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

Peter Allan Farrell: assets under management

The assets under management (AUM) of Peter Allan Farrell is $52.62 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.18 million in discretionary accounts and $1.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $720.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $723.1 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is government bonds, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Peter Allan Farrell 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 Peter Allan Farrell serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Peter Allan Farrell is high net worth individuals with 26 clients and $40.52 million of assets under management. Among the 3 most similar advisory firms, Peter Allan Farrell has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $52.62 million for 52 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.

Peter Allan Farrell doesn't advise any private funds.

Careers at Peter Allan Farrell

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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Allan Farrell	Proprietor & chief compliance officer	1 Apr 1994	75% - 100%	4359887

Based in Albany

The principal office where Peter Allan Farrell performs its advisory services is located at 4 Palisades Drive, Albany, NY 12205, 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 518-462-4979. The normal business hours are 9:00 - 5:00 on Monday - Friday.