The Ayco Company,L.P. is a large advisory firm based in Saratoga Springs. It manages $34.95 billion of regulatory assets for 49,807 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
The Ayco Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 111,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Ayco Company,L.P. is $34.95 billion. The firm's AUM has grown by 526% since the beginning of its operation, and $255.1 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay The Ayco Company,L.P. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of The Ayco Company is high net worth individuals with 37,700 clients and $32.19 billion of assets under management. Among the 8 most similar advisory firms, The Ayco Company has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $32.73 billion for 130,047 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
The Ayco Company doesn't advise any private funds.
The company employs 1,366 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 547 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Jeffrey D. Hole joined the executive team most recently as the Svp & Principal Operations Officer.
The principal office where The Ayco Company,L.P. performs its advisory services is located at 321 Broadway, Saratoga Springs, NY 12866 The mailing address of the firm is P.O. Box 860, Saratoga Springs, NY 12866 0860. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 518-886-4000 or by fax 518-886-4414. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at ayco.com.