Bouchey Financial Group Ltd (Troy)

Name: Bouchey Financial Group Ltd
Address: 1819 Fifth Avenue, Troy, NY, 12180 3302
Telephone: 518-720-3333

Bouchey Financial Group Ltd is a large advisory firm based in Troy. It manages $466.11 million of regulatory assets for 1,626 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New Hampshire, New York, and South Carolina.

Bouchey Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bouchey Financial Group: assets under management

The assets under management (AUM) of Bouchey Financial Group Ltd is $466.11 million. The firm's AUM has grown by 543% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $458.06 million in discretionary accounts and $8.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $287.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $244.12 thousand.

Bouchey Financial Group has custody of $24.46 million in cash and securities for 52 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bouchey Financial Group Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Bernard Bouchey serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Steven Bernard Bouchey is high net worth individuals with 99 clients and $208.17 million of assets under management. Among the 11 most similar advisory firms, Bouchey Financial Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $466.11 million for 669 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.

Bouchey Financial Group doesn't advise any private funds.

Careers at Bouchey Financial Group Ltd

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steven Bernard Bouchey has been acting as President since 1 Sep 1995. Martin Xavier Shields joined the executive team most recently as the Vice President, Chief Operating Officer, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Bernard Bouchey	President	1 Sep 1995	75% - 100%	1461280
Peter Andrew Goldman	Chief compliance officer	1 Apr 2007	Other	2703656
Ryan S Bouchey	Chief financial officer and vice president	1 Sep 2012	Other	5457587
Martin Xavier Shields	Vice president, chief operating officer, chief compliance officer	1 Feb 2013	Other	5278773

Based in Troy

The principal office where Bouchey Financial Group Ltd performs its advisory services is located at 1819 Fifth Avenue, Troy, NY 12180 3302, which is also the mailing address of the firm. An additional office of the firm is in Saratoga Springs, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-720-3333 or by fax 518-874-5001. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at bouchey.com.