Greenbush Financial Group, LLC (Albany)


Greenbush Financial Group, LLC is a large advisory firm based in Albany. It manages $222.06 million of regulatory assets for 470 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Florida, New York, and Texas.

Greenbush Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenbush Financial Group: assets under management

The assets under management (AUM) of Greenbush Financial Group, LLC is $222.06 million. The firm's AUM has grown by 412% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $96.17 million in discretionary accounts and $125.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.07 million.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greenbush Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based 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 Greenbush Financial Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Greenbush Financial Group is pension and profit sharing plans with 41 clients and $125.89 million of assets under management. Among the 8 most similar advisory firms, Greenbush Financial Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $219.15 million for 470 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.

Greenbush Financial Group doesn't advise any private funds.

Careers at Greenbush Financial Group, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael R. Ruger has served as the Chief Investment Officer since 1 Sep 2007. David Michael Wojeski joined the executive team most recently as the Partner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Michael Wojeski Partner 1 Jan 2000 25% - 50% 4320792
Michael R. Ruger Partner/chief investment officer/chief compliance officer 1 Sep 2007 50% - 75% 4725366

Based in Albany

The principal office where Greenbush Financial Group, LLC performs its advisory services is located at 159 Wolf Road, Albany, NY 12205, which is also the mailing address of the firm. An additional office of the firm is in East Greenbush, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-477-6686 or by fax 518-694-8058. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at greenbushfinancial.com.