Cobblestone Capital Advisors, LLC is a large advisory firm based in Rochester. It manages $1.75 billion of regulatory assets for 2,317 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 15 other states.
Cobblestone Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cobblestone Capital Advisors, LLC is $1.75 billion. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cobblestone Capital Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cobblestone Capital Advisors is high net worth individuals with 295 clients and $1.16 billion of assets under management. Among the 13 most similar advisory firms, Cobblestone Capital Advisors has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.75 billion for 785 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.
Cobblestone Capital Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $75,000 for each fund.
The company employs 35 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Cobblestone Capital Advisors, LLC performs its advisory services is located at 500 Linden Oaks, Rochester, NY 14625, 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 585-473-3333 or by fax 585-218-1111. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cobblestonecap.com and its LinkedIn profile.