Golden Bay Advisors LLC (Chappaqua)

Name: Golden Bay Advisors LLC
Address: 14 Aldridge Road, Chappaqua, NY, 10514
Telephone: 914-215-0194

Golden Bay Advisors LLC is a mid-sized advisory firm based in Chappaqua. It manages $91.95 million of regulatory assets for 168 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Connecticut, New Hampshire, New York, and Texas.

Golden Bay Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Golden Bay Advisors: assets under management

The assets under management (AUM) of Golden Bay Advisors LLC is $91.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 216% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $547.33 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Golden Bay Advisors LLC for their services and products based on a percentage of assets under management. 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 Golden Bay Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Golden Bay Advisors is high net worth individuals with 40 clients and $89.9 million of assets under management. Among the 5 most similar advisory firms, Golden Bay Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $91.95 million for 48 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.

Golden Bay Advisors doesn't advise any private funds.

Careers at Golden Bay Advisors LLC

The company employs 1 person that is either a part- or full-time employee. 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Z Krusko	Ceo/chief compliance officer	1 May 2013	75% - 100%	5316931

Based in Chappaqua

The principal office where Golden Bay Advisors LLC performs its advisory services is located at 14 Aldridge Road, Chappaqua, NY 10514, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-215-0194. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at goldenbayadvisors.com.