Saperston Asset Management, Inc. (Hamburg)

Name: Saperston Asset Management, Inc.
Address: 172 Lake Street, Hamburg, NY, 14075
Telephone: 716-649-9800

Saperston Asset Management, Inc. is a large advisory firm based in Hamburg. It manages $178.86 million of regulatory assets for 723 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 11 other states.

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

Saperston Asset Management: assets under management

The assets under management (AUM) of Saperston Asset Management, Inc. is $178.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.38 thousand each.

Saperston Asset Management has custody of $162.49 million in cash and securities for 689 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is other assets, which make up 26% of the firm’s portfolio. Investments in exchange traded securities form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Saperston Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Saperston Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Saperston Asset Management is high net worth individuals with 137 clients and $93.21 million of assets under management. Among the 9 most similar advisory firms, Saperston Asset Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $178.86 million for 723 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.

Saperston Asset Management doesn't advise any private funds.

Careers at Saperston Asset Management, Inc.

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 4 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
Willard Basch Saperston	Ceo, president	1 Nov 1997	Other	838581
L.P. Scenic Buffalo	Sole shareholder	1 Feb 1998	75% - 100%	16-1544630
L.P. Saperston Family Partnership	Sole shareholder	1 Feb 1998	75% - 100%	16-1544630
Bruce Edward Warner	Municipal securities principal	1 May 1998	Other	727988
David Christopher Hasenstab	Vp chief compliance officer, financial operations principal	1 Aug 1998	Other	2645866
Karen Leber Saperston	V.p. crop/srop, operations & registration	1 Aug 1998	Other	1921232
Karen Leber Saperston	President, rosfp, operations & registration	1 Oct 2006	Other	1921232
Michael Ted Fisher	Municipal securities principal	1 Dec 2016	Other	2032258
Karen Leber Saperston	Municipal securities principal	1 Dec 2017	Other	1921232

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Karen Leber Saperston	General partner	1 Feb 1998	Other	1921232
Willard Basch Saperston	General partner	1 Feb 1998	Other	838581

Based in Hamburg

The principal office where Saperston Asset Management, Inc. performs its advisory services is located at 172 Lake Street, Hamburg, NY 14075, which is also the mailing address of the firm. An additional office of the firm is in Olympia, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-649-9800 or by fax 716-649-9875. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at saperston.com.