W.G.Shaheen & Associates,Ltd. (Rochester)


W.G.Shaheen & Associates,Ltd. is a large advisory firm based in Rochester. It manages $486.1 million of regulatory assets for 434 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, Florida, New York, and Texas.

W.G.Shaheen & Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

W.G.Shaheen & Associates: assets under management

The assets under management (AUM) of W.G.Shaheen & Associates,Ltd. is $486.1 million. The firm's AUM has grown by 1247% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $483.43 million in discretionary accounts and $2.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.67 million.
W.G.Shaheen & Associates has custody of $240.96 million in cash and securities for 178 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay W.G.Shaheen & Associates,Ltd. for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients William Gerard Shaheen serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of William Gerard Shaheen is high net worth individuals with 298 clients and $468.07 million of assets under management. Among the 9 most similar advisory firms, W.G.Shaheen & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $486.1 million for 434 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.

W.G.Shaheen & Associates doesn't advise any private funds.

Careers at W.G.Shaheen & Associates,Ltd.

The company employs 10 people that are either part- or full-time employees. 60 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 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.

William Gerard Shaheen has been acting as President since 1 Sep 2001. Ivette Shaheen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
William Gerard Shaheen President/ceo/chief compliance officer 1 Sep 2001 75% - 100% 4446365
Ivette Shaheen Chief compliance officer 1 Dec 2004 Other 5029850

Based in Rochester

The principal office where W.G.Shaheen & Associates,Ltd. performs its advisory services is located at 311 Alexander Street, Rochester, NY 14604 The mailing address of the firm is 1164 Appian Drive, Webster, NY 14580. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-232-6200 or by fax 585-232-5698. The normal business hours are 9:00 - 4:00 on Monday - Friday. You can find more information about the New York firm at whitneyandcompany.com.