{
  "crd_number": 126155,
  "slug": "adirondack-financial-services-corp-utica-ny-126155",
  "primary_business_name": "ADIRONDACK FINANCIAL SERVICES CORP",
  "legal_name": "ADIRONDACK FINANCIAL SERVICES CORP",
  "dbas": [],
  "city": "Utica",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "46540",
  "metro": {
    "cbsa_code": "46540",
    "common_name": "Utica",
    "msa_name": "Utica-Rome, NY",
    "path": "/advisors/ny/utica"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-10-03",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-05-22",
  "carried_forward": false,
  "raum_total": 461794854.0,
  "raum_discretionary": 417027089.0,
  "raum_non_discretionary": 44767765.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 16,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": null,
      "count": 0
    },
    "charitable": {
      "raum": 44608238.0,
      "count": 29
    },
    "individuals": {
      "raum": 81534921.0,
      "count": 459
    },
    "banking_thrift": {
      "raum": null,
      "count": 0
    },
    "state_municipal": {
      "raum": null,
      "count": 0
    },
    "insurance_companies": {
      "raum": 5217196.0,
      "count": 1,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": null,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 44644397.0,
      "count": 4,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": null,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 272351046.0,
      "count": 137
    },
    "pooled_investment_vehicles": {
      "raum": null,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 13439056.0,
      "count": 19
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "KS",
    "MA",
    "MD",
    "ME",
    "MI",
    "MS",
    "NC",
    "NJ",
    "NM",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WI"
  ],
  "websites": [
    "https://adkfs.com",
    "https://facebook.com/AdirondackFinancialServices",
    "https://linkedin.com/company/adirondack-financial-services"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/126155",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "UTICA",
  "url": "https://advisorcensus.com/firm/adirondack-financial-services-corp-utica-ny-126155",
  "display_name": "Adirondack Financial Services Corp",
  "summary": "Adirondack Financial Services Corp is an SEC-registered investment advisory firm in Utica, NY, registered since 2005, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 22, 2026.",
  "citation": "AdvisorCensus. Adirondack Financial Services Corp (CRD 126155): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Adirondack Financial Services Corp compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Adirondack Financial Services Corp reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Adirondack Financial Services Corp charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $1,000,000: 1% a year; $1,000,000 to $3,000,000: 0.85% a year; Above $3,000,000: 0.65% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Adirondack Financial Services Corp located?",
      "a": "Adirondack Financial Services Corp's principal office is in Utica, NY, according to its Form ADV."
    },
    {
      "q": "Is Adirondack Financial Services Corp registered with the SEC or a state?",
      "a": "Adirondack Financial Services Corp is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 126155."
    },
    {
      "q": "How much does Adirondack Financial Services Corp manage?",
      "a": "Adirondack Financial Services Corp reports $461,794,854 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (90% discretionary)."
    },
    {
      "q": "How have Adirondack Financial Services Corp's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Adirondack Financial Services Corp: Regulatory assets under management: $360,968,514 in the October 2021 data and $461,794,854 in the October 2026 data, up 28%. Total employees: 20 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Adirondack Financial Services Corp serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (459); high net worth individuals (137); charitable organizations (29)."
    },
    {
      "q": "Which custodians does Adirondack Financial Services Corp use?",
      "a": "Adirondack Financial Services Corp's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Adirondack Financial Services Corp report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/126155"
    },
    {
      "q": "Does Adirondack Financial Services Corp state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"We do not have account minimums that you need to establish or maintain to be a client\""
    },
    {
      "q": "What changed in Adirondack Financial Services Corp's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $411,908,138 to $461,794,854 (+12%). Registered or notice-filed in DC. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 360968514.0,
      "total_employees": 20,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 420289221.0,
      "total_employees": 20,
      "filing_date": "2022-07-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 352171368.0,
      "total_employees": 17,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 376744723.0,
      "total_employees": 17,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 411908138.0,
      "total_employees": 16,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 461794854.0,
      "total_employees": 16,
      "filing_date": "2026-05-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $411,908,138 to $461,794,854 (+12%).",
        "Registered or notice-filed in DC.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $1,000,000",
        "rate": "1%"
      },
      {
        "band": "$1,000,000 to $3,000,000",
        "rate": "0.85%"
      },
      {
        "band": "Above $3,000,000",
        "rate": "0.65%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $1,000,000: 1% a year",
          "$1,000,000 to $3,000,000: 0.85% a year",
          "Above $3,000,000: 0.65% a year"
        ],
        "quotes": [
          "Adirondack Financial Services Standard Fee Schedule: • 1% for the first $1,000,000 in assets managed • 0.85% for the next $2,000,000 in assets managed • 0.65% for the assets managed in excess of $3,000,000"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "We do not have account minimums that you need to establish or maintain to be a client"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 1000000.0,
          "rate_pct": 1.0
        },
        {
          "min": 1000000.0,
          "max": 3000000.0,
          "rate_pct": 0.85
        },
        {
          "min": 3000000.0,
          "max": null,
          "rate_pct": 0.65
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Adirondack Financial Services Standard Fee Schedule: • 1% for the first $1,000,000 in assets managed • 0.85% for the next $2,000,000 in assets managed • 0.65% for the assets managed in excess of $3,000,000",
      "We do not have account minimums that you need to establish or maintain to be a client"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/adirondack-financial-services-corp-utica-ny-126155.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 459,
      "fewer_than_5": false,
      "raum": 81534921.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 137,
      "fewer_than_5": false,
      "raum": 272351046.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 44644397.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 29,
      "fewer_than_5": false,
      "raum": 44608238.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": true,
      "raum": 5217196.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 19,
      "fewer_than_5": false,
      "raum": 13439056.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/126155",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}