North Country Investment Advisers, Inc

CRD#112554
Investment Advisor Firm

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Learn more about North Country Investment Advisers, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    North Country Investment Advisers, Inc is an advisory firm that has its headquarters in Glens Falls, New York. It administers $124.2 million in assets across one account, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). It has a small team, including 4 financial advisors. North Country Investment Advisers, Inc does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like options, bonds and stocks.

    North Country Investment Advisers, Inc administers all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without requiring client consent. The firm oversees an average of $124.2 million for each client account. An average financial advisor at North Country Investment Advisers, Inc manages fewer than one client account, placing it among the most individualized firms in the country.

    North Country Investment Advisers, Inc's main office is located at C/O Glens Falls National Bank, Glens Falls, New York 12801-2161.

    Assets Under Management

    $124.2 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    C/O Glens Falls National Bank
    Glens Falls, NY 12801-2161

    North Country Investment Advisers, Inc by the Numbers

    Total Assets Under Management

    $124.2 million

    National Average: $8.6 billion
    Total Number of Employees

    6

    National Average: 64
    Total Number of Accounts

    1

    National Average: 375,227
    Average Account Size

    $124.2 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management typically are based on which services are provided. However, fees billed by the company typically consist of the following fee type: asset-based. North Country Investment Advisers, Inc does not participate in a wrap fee program, in which the firm offers a service bundle 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.

    Back to Overview

    Types of Clients

    The firm provides services to investment companies. North Country Investment Advisers, Inc's largest client by number of accounts is investment companies. None of the company's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * 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

    North Country Investment Advisers, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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