Central Asset Management Inc (Cobleskill)


Central Asset Management Inc is a large advisory firm based in Cobleskill. It manages $61.06 million of regulatory assets for 203 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

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Central Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Central Asset Management: assets under management

The assets under management (AUM) of Central Asset Management Inc is $61.06 million. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $60.71 million in discretionary accounts and $349.42 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $302.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $174.71 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Central Asset Management Inc for their services and products based on a percentage of assets under management. 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.

Careers at Central Asset Management Inc

John Carl Barbic has been acting as President since 1 Dec 1996. Russell Gary Melton joined the executive team most recently as the Director Of Investments.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
John P. Woods Cnb shareholder 1 Mar 1981 Other 4363401
Peter John Corso Treasurer 1 Feb 1986 Other 4363377
Donald L. Brass President & director 1 Jan 1989 Other 4363370
Cnb Financial Corp. (Cnb) Parent company 1 Jun 1996 75% - 100% 22-3203747
New York Central Mutual Fire Insurance Co. Cnb shareholder 1 Jun 1996 Other 15-0398170
Gerard Charles Murray Secretary/managing director 1 Nov 1996 Other 1074312
John Carl Barbic Director 1 Dec 1996 Other 4363364
Russell Gary Melton Director of investments 1 Jul 1999 Other 734985

Based in Cobleskill

The principal office where Central Asset Management Inc performs its advisory services is located at 1 Elm Street, Cobleskill, NY 12043, 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 800-361-8511 or by fax 518-234-2915. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at www.cnbfc.com.