Miller Gesko & Co Inc. (Buffalo)

Name: Miller Gesko & Co Inc.
Address: 237 Main Street, Buffalo, NY, 14203
Telephone: 716 852-7628

Miller Gesko & Co Inc. is a large advisory firm based in Buffalo. It manages $131.44 million of regulatory assets for 267 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and New York.

Miller Gesko & provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Miller Gesko &: assets under management

The assets under management (AUM) of Miller Gesko & Co Inc. is $131.44 million. The firm's AUM has gone down by -25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.12 million in discretionary accounts and $22.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $458.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $769.72 thousand.

Miller Gesko & has custody of $101.21 million in cash and securities for 186 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Miller Gesko & Co Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Lang Miller serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Lang Miller is individuals with 254 clients and $108.54 million of assets under management. Among the 9 most similar advisory firms, Miller Gesko & has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $126.9 million for 262 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Miller Gesko & doesn't advise any private funds.

Careers at Miller Gesko & Co Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Lang Miller has been acting as President since 1 May 1985. Henry Zeller Urban joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Lang Miller	Chairman	1 May 1985	Other	4347046
Paul Raymond Gesko	President	1 May 1985	50% - 75%	4347060
Lisa Ann Massara	Secretary	1 May 1985	Other	4347063
Jr Robert Lang Miller	Vice president	1 May 1999	25% - 50%	2813457
Robert Lang Miller	Vice president	1 May 1999	Other	2813457
Henry Zeller Urban	Chief compliance officer	1 Jan 2004	Other	5035755

Based in Buffalo

The principal office where Miller Gesko & Co Inc. performs its advisory services is located at 237 Main Street, Buffalo, NY 14203, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716 852-7628 or by fax 716 852-7637. The normal business hours are 8:30am thru 4:30pm on Monday - Friday. You can find more information about the New York firm at millergesko.com.