# Adirondack Financial Services Corp

> 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.

- CRD: 126155
- Filed as: ADIRONDACK FINANCIAL SERVICES CORP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Utica, NY
- Filing period: October 2026
- Form ADV filing dated: May 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126155
- AdvisorCensus page: https://advisorcensus.com/firm/adirondack-financial-services-corp-utica-ny-126155

## Quick answers

**How is Adirondack Financial Services Corp compensated?**
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).

**How much does Adirondack Financial Services Corp charge?**
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.

**Where is Adirondack Financial Services Corp located?**
Adirondack Financial Services Corp's principal office is in Utica, NY, according to its Form ADV.

**Is Adirondack Financial Services Corp registered with the SEC or a state?**
Adirondack Financial Services Corp is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 126155.

**How much does Adirondack Financial Services Corp manage?**
Adirondack Financial Services Corp reports $461,794,854 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (90% discretionary).

**How have Adirondack Financial Services Corp's assets and staff changed since 2021?**
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.

**What types of clients does Adirondack Financial Services Corp serve?**
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).

**Which custodians does Adirondack Financial Services Corp use?**
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.

**Does Adirondack Financial Services Corp report any disciplinary disclosures?**
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

**Does Adirondack Financial Services Corp state an account minimum?**
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"

**What changed in Adirondack Financial Services Corp's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- 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

> 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

- Account minimum: None

> We do not have account minimums that you need to establish or maintain to be a client

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $461,794,854
- Discretionary: $417,027,089
- Non-discretionary: $44,767,765

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 459 | $81,534,921 |
| High net worth individuals | 137 | $272,351,046 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $44,644,397 |
| Charitable organizations | 29 | $44,608,238 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 1 | $5,217,196 |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 19 | $13,439,056 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2005 (20 years)
- Employees: 16 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(5): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/126155

### Websites listed on Form ADV (Item 1.I)
- adkfs.com
- Facebook @AdirondackFinancialServices
- LinkedIn @adirondack-financial-services

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $360,968,514 | 20 | March 31, 2021 |
| October 2022 | $420,289,221 | 20 | July 1, 2022 |
| October 2023 | $352,171,368 | 17 | March 31, 2023 |
| October 2024 | $376,744,723 | 17 | March 28, 2024 |
| October 2025 | $411,908,138 | 16 | March 31, 2025 |
| October 2026 | $461,794,854 | 16 | May 22, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Adirondack Financial Services Corp (CRD 126155): Form ADV filing data as of October 2026.