First Albany Asset Management Corp (Albany)

First Albany Asset Management Corp is a large advisory firm based in Albany. It manages $983.37 million of regulatory assets for 330 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

First Albany Asset Management Corp provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Albany Asset Management Corp: assets under management

The assets under management (AUM) of First Albany Asset Management Corp is $983.37 million. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $673.8 million in discretionary accounts and $309.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $309.57 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Albany Asset Management Corp for their services and products based on a percentage of assets under management, fixed fees, commissions, and performance-based fees. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at First Albany Asset Management Corp

Susan Catherine Christoph joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hugh Albert Johnson	Chairman, president & director	1 Mar 1980	Other	259590
George Cooley Mcnamee	Chairman of the board, co-ceo, director, board of directors nyse	1 Dec 1985	Other	330027
Alan Paul Goldberg	Co-ceo, president, director, nyse floor member, associate member ase	1 Dec 1985	Other	223871
Robert Taft Hennes	Secretary, managing director	1 Jul 1991	Other	833753
Kim Carla Saba	Vice president	1 Jul 1991	Other	1848586
Inc. First Albany Companies	Shareholder	1 Jul 1991	75% - 100%	22-2655804
Robert Taft Hennes	Secretary, executive vice president	1 May 1995	Other	833753
Andrew Howard Feinman	Managing director	1 Feb 1997	Other	1302287
Charles Alan Brown	Associate vice president	1 Apr 1997	Other	2820171
Myranda Jane Obara	Managing director	1 May 1997	Other	1734128
Peter David Gottlieb	Senior portfolio manager	1 May 1997	Other	2017998
Donald Albert Walker	Associate vice president	1 May 2000	Other	2442065
C Dianne Curtis	Associate vice president	1 Sep 2000	Other	1319946
C Dianne Mcknight	Associate vice president	1 Sep 2000	Other	1319946
Charles Alan Brown	Vice president	1 Apr 2002	Other	2820171
Susan Catherine Christoph	Managing director	1 Dec 2002	Other	1140027
Charles Hafner Travis	Managing director	1 Dec 2002	Other	1025939
Theodore Jones Gillman	Chief executive officer	1 Mar 2003	Other	2498623

Based in Albany

The principal office where First Albany Asset Management Corp performs its advisory services is located at 30 South Pearl Street, Albany, NY 12207, which is also the mailing address of the firm. An additional office of the firm is in Oakbrook Terrace, IL. It doesn’t run an office outside of the United States.