Monolith Advisors LLC (Buffalo)

Name: Monolith Advisors LLC
Address: 737 Main Street, Suite 100, Buffalo, NY, 14203
Telephone: 716-235-8990

Monolith Advisors LLC is a mid-sized advisory firm based in Buffalo. It manages $55.73 million of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Massachusetts, New Hampshire, New Jersey, New York, and Pennsylvania.

Monolith Advisors provides portfolio management for individuals and small businesses 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.

Monolith Advisors: assets under management

The assets under management (AUM) of Monolith Advisors LLC is $55.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $55.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $568.62 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Monolith Advisors LLC 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.

What kind of clients John Theodore Bair serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Theodore Bair is high net worth individuals with 20 clients and $31.46 million of assets under management. Among the 1 most similar advisory firms, Monolith Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $55.73 million for 98 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.

Monolith Advisors doesn't advise any private funds.

Careers at Monolith Advisors LLC

The company employs 7 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No 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.

John Theodore Bair has been acting as President since 1 Jan 2013. Llc Seventh Amendment Holdings joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Theodore Bair	President	1 Jan 2013	50% - 75%	4163278
Milestone Consulting Llc	Member	1 Jan 2013	25% - 50%	16-0000000
Lewis Michael Smith	Chief compliance officer	1 Feb 2013	Other	2160378
Llc Seventh Amendment Holdings	Managing member	1 Jan 2014	75% - 100%	46-4207680

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Howard Saperston	Member	1 Jan 2013	25% - 50%	xxx-xx-xxxx
John Theodore Bair	Managing member	1 Jan 2014	75% - 100%	4163278

Based in Buffalo

The principal office where Monolith Advisors LLC performs its advisory services is located at 737 Main Street, Suite 100, Buffalo, NY 14203, 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 716-235-8990 or by fax 716-883-2124. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at monolithseventh.com.