Collins Advisors, LLC
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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
Number of Advisors
Disclosures
Office Location
Collins Advisors, LLC by the Numbers
$126.6 million
4
827
$153.1 thousand
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
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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.
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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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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
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
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
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
Buffalo, NY
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