Unfcu Advisors LLC (Long Island City)


Unfcu Advisors LLC is a mid-sized advisory firm based in Long Island City. It manages $46.97 million of regulatory assets for 83 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of New Jersey, New York, and Texas.

Unfcu Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Unfcu Advisors: assets under management

The assets under management (AUM) of Unfcu Advisors LLC is $46.97 million. The firm's AUM has grown by 28% since the beginning of its operation, and $451 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $13.58 million in discretionary accounts and $33.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $165.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $33.39 million.

Investments

The firm invests in government bonds the most. They account for 71% 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 state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Unfcu Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Stephen James Ryerson serves?

The only and largest group of clients of Stephen James Ryerson is individuals with 82 clients and $13.58 million of assets under management. Among the 5 most similar advisory firms, Unfcu Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $13.58 million for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 92% of the firm’s clients are foreign persons or businesses.

Unfcu Advisors doesn't advise any private funds.

Careers at Unfcu Advisors LLC

The company employs 17 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 13 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.

Stephen James Ryerson has been acting as President since 1 Aug 2005. Joseph Marasciullo joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Unfcu Federal Credit Union Member 1 Aug 2005 75% - 100% 13-1628594
Stephen James Ryerson President 1 Aug 2005 Other 1674869
Markus Daniel Bruderer Vice president / chief compliance officer / chief investment officer 1 Aug 2005 Other 2956853
Joseph Marasciullo President 1 Apr 2019 Other 1695531

Based in Long Island City

The principal office where Unfcu Advisors LLC performs its advisory services is located at 24 01 44 Th Road, Long Island City, NY 11101 4605, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-324-3900 or by fax 212-324-3999. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at unfcuadvisors.com.