Hudson Advisor Services, Inc. (Buffalo)


Hudson Advisor Services, Inc. is a large advisory firm based in Buffalo. It manages $202.46 million of regulatory assets for 532 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Hudson Advisor Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hudson Advisor Services: assets under management

The assets under management (AUM) of Hudson Advisor Services, Inc. is $202.46 million. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.93 million in discretionary accounts and $23.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $378.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $398.75 thousand.
Hudson Advisor Services has custody of $133.91 million in cash and securities for 135 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hudson Advisor Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Norton Hudson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of William Norton Hudson is high net worth individuals with 108 clients and $183.81 million of assets under management. Among the 8 most similar advisory firms, Hudson Advisor Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $202.46 million for 251 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.

Hudson Advisor Services doesn't advise any private funds.

Careers at Hudson Advisor Services, Inc.

The company employs 5 people that are either part- or full-time employees. 100 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.

Hudson Advisor Services, Inc. is owned by Frances Miley. William Norton Hudson has been acting as President since 1 Jun 1997. Evan John Coppola joined the executive team most recently as the Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Frances Miley Owner 1 Jun 1997 25% - 50% 4380125
William Norton Hudson Chairman/ceo 1 Jun 1997 50% - 75% 1468192
Frances Hudson Executive vice president 1 Jun 1997 25% - 50% 4380125
David Dennis Burrows President 1 Jul 2003 Other 3081923
Jeremy Conrad Hudson Chief compliance officer 1 Oct 2004 Other 4940731
Jeremy Hudson Cco 1 Oct 2004 Other 4940731
Evan John Coppola Owner 1 May 2017 Other 6804218
William Norton Hudson Owner 1 May 2017 Other 3001548

Based in Buffalo

The principal office where Hudson Advisor Services, Inc. performs its advisory services is located at 237 Main Street, Buffalo, NY 14203, which is also the mailing address of the firm. An additional office of the firm is in Vero Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-504-1964 or by fax (716) 852-4591. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hudsonadvisors.com.