Lesko Securities, Inc. (Binghamton)
Lesko Securities, Inc. is a large advisory firm based in Binghamton. It manages $119.27 million of regulatory assets for 603 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, New York, North Carolina, Pennsylvania, and Texas.
Lesko Securities provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
Lesko Securities: assets under management
The assets under management (AUM) of Lesko Securities, Inc. is $119.27 million. The company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Lesko Securities, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Charles Lesko serves?
The firm provides services to individuals and corporations or other businesses. The largest group of clients of Charles Lesko is individuals with 321 clients and $117.57 million of assets under management. Among the 12 most similar advisory firms, Lesko Securities has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $119.27 million for 322 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.
Lesko Securities doesn't advise any private funds.
Careers at Lesko Securities, Inc.
The company employs 18 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 8 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 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.
Charles Lesko has been acting as President since 1 Nov 1980. Gregory Stephen Lesko joined the executive team most recently as the Vice President And Secretary.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 2 indirect owners.Based in Binghamton
The principal office where Lesko Securities, Inc. performs its advisory services is located at 53 Chenango Street 2 Nd Floor, Binghamton, NY 13901, 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 607-724-2421 or by fax 607-724-2467. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at leskofinancial.com.
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