Collins Advisors, LLC

CRD#129270
Investment Advisor Firm

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Overview

Collins Advisors, LLC operates as a financial advisor firm that has its headquarters in Buffalo, New York. The firm controls $126.6 million in assets under management throughout 827 customer accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). It has a small team, including 3 financial advisors. Collins Advisors, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as options, bonds and stocks.

Collins Advisors, LLC oversees the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell judgments for the client's account without needing the customer's consent. It also has 14 non-discretionary accounts totaling $3.1 million in assets. The firm's average account size is $153,141. The average financial advisor at Collins Advisors, LLC oversees about 276 client accounts.

The firm's headquarters is located at 610 Main Street, Buffalo, New York 14202. It is allowed to serve investors across 15 U.S. states and territories.

Assets Under Management

$126.6 million

Number of Advisors

3

Disclosures

No

Office Location

610 Main Street
Buffalo, NY 14202

Collins Advisors, LLC by the Numbers

Total Assets Under Management

$126.6 million

National Average: $8.6 billion
Total Number of Employees

4

National Average: 64
Total Number of Accounts

827

National Average: 375,227
Average Account Size

$153.1 thousand

National Average: $23.0 thousand
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Products and Services

Collins Advisors, LLC provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses and pension consulting services. Notably, the company did not provide financial planning services to any of its accounts in the previous financial year. Collins Advisors, LLC is not involved in selling products or offering services other than investment advisory services to its investment advisory accounts. The company also has a number of financial industry affiliations, including with an insurance company or agency.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Financial management fees are based on the type of services provided. However, fees charged by Collins Advisors, LLC typically consist of the following fee structure: asset-based. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm does business with a number of different customers. The company works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 827 clients, Collins Advisors, LLC's largest client is retail investors, though it also serves 31 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 3.75%
  • Other Individuals - 94.68%
  • Corporations - 1.33%
  • Charitable Organizations - 0.24%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Collins Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Collins Advisors, LLC

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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