Trubee Wealth Advisors, Inc

CRD#3618
Investment Advisor Firm

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Learn more about Trubee Wealth Advisors, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Trubee Wealth Advisors, Inc is located at 600 Airborne Pkwy, Buffalo, NY. The firm employs 15 financial advisors to manage client portfolios and provide financial guidance. Trubee Wealth Advisors, Inc is a registered broker-dealer.

    Trubee Wealth Advisors, Inc oversees $617.0 million in assets under management across 1,149 accounts, of which 1,042 are discretionary and 107 are non-discretionary. The services offered include portfolio management for individuals and small businesses, and the selection of other advisers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Trubee Wealth Advisors, Inc includes asset-based and fixed fees. The firm has 135 high net worth clients.

    Trubee Wealth Advisors, Inc is registered in the states of California, Florida, Georgia, Indiana, Maryland, Massachusetts, New Hampshire, New York, North Carolina, Pennsylvania, Texas, and Virginia.

    Assets Under Management

    $617.0 million

    Number of Advisors

    15

    Disclosures

    No

    Office Location

    600 Airborne Pkwy
    Buffalo, NY 14225

    Trubee Wealth Advisors, Inc by the Numbers

    Total Assets Under Management

    $617.0 million

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    1,149

    National Average: 375,227
    Average Account Size

    $537.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services offered by Trubee Wealth Advisors, Inc include portfolio management for individuals and small businesses and selection of other advisers. Notably, Trubee Wealth Advisors, Inc did not provide financial planning services to any of its accounts in the previous financial year. The Firm does sell products or offer services apart from investment advice to its customers.

    Core Advisor Services

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      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

    • Offered by 20% of firms

      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.

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    Fee Structure

    Fees for financial advice usually depend on the services offered. Fees charged by Trubee Wealth Advisors, Inc likely consist of some combination of the following fee structures: asset-based or fixed. The firm does participate in a wrap fee program, in which the firm 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.

    • Offered by 32% of firms

      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.

    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 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 company works with a broad range of customers. It provides services to retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, Trubee Wealth Advisors, Inc's largest client type by number of accounts is high net worth investors, though it also caters to 135 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 19.74%
    • Other Individuals - 73.98%
    • Corporations - 2.34%
    • Charitable Organizations - 3.95%

    * 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

    Trubee Wealth Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Trubee Wealth Advisors, Inc

    Anne Emblidge
    Buffalo, NY
    Harrison Steinwald
    Buffalo, NY
    John Meisner
    Buffalo, NY
    Matthew Drosendahl
    Buffalo, NY
    Charles Gelo
    Buffalo, NY
    Nicholas Ingold
    Buffalo, NY
    John Shine
    Buffalo, NY
    Thomas Turk
    Buffalo, NY
    Nicholas Verbanic
    Buffalo, NY

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