Canty Financial Management, Inc. (Ballston Spa)


Canty Financial Management, Inc. is a mid-sized advisory firm based in Ballston Spa. It manages $85.02 million of regulatory assets for 350 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Massachusetts, and New York.

Canty Financial Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Canty Financial Management: assets under management

The assets under management (AUM) of Canty Financial Management, Inc. is $85.02 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 193% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $85.02 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $242.9 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Canty Financial Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Canty Financial Management serves?

The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Canty Financial Management is individuals with 347 clients and $75.06 million of assets under management. Among the 2 most similar advisory firms, Canty Financial Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $85.02 million for 350 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.

Canty Financial Management doesn't advise any private funds.

Careers at Canty Financial Management, Inc.

The company employs 3 people that are either part- or full-time employees. 100 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 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
William Joseph Canty Chief compliance officer 1 Jan 2001 75% - 100% 2663724
Maureen Ryan Walsh Investment advisor representative 1 May 2007 Other 5354496
Edward Joseph Canty Investment advisor representative 1 Dec 2017 Other 6923177

Based in Ballston Spa

The principal office where Canty Financial Management, Inc. performs its advisory services is located at 20 Church Ave., Ballston Spa, NY 12020, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-885-3230 or by fax 518-885-2835. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at cantyfinancial.com.