Bender Lane Advisory, LLC (Albany)

Name: Bender Lane Advisory, LLC
Address: 4 Tower Place, Albany, NY, 12203 3710
Telephone: 518-218-1218

Bender Lane Advisory, LLC is a large advisory firm based in Albany. It manages $371.39 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Florida, Nebraska, and 3 other states.

Bender Lane Advisory provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and family limited partnerships/family office services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bender Lane Advisory: assets under management

The assets under management (AUM) of Bender Lane Advisory, LLC is $371.39 million. The firm's AUM has grown by 217% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $248.19 million in discretionary accounts and $123.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.25 million.

Investments

The firm invests in exchange traded securities the most. They account for 32% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bender Lane Advisory, LLC for their services and products based on a percentage of assets under management 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 Daniel Joseph Rutnik serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Daniel Joseph Rutnik is high net worth individuals with 45 clients and $363.85 million of assets under management. Among the 8 most similar advisory firms, Bender Lane Advisory has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $367.9 million for 48 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.

Bender Lane Advisory doesn't advise any private funds.

Careers at Bender Lane Advisory, LLC

The company employs 21 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Joseph Rutnik	President/chief compliance officer	1 Sep 2003	75% - 100%	1364451

Based in Albany

The principal office where Bender Lane Advisory, LLC performs its advisory services is located at 4 Tower Place, Albany, NY 12203 3710, which is also the mailing address of the firm. An additional office of the firm is in Saratoga Springs, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-218-1218 or by fax 518-218-1295. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at benderlaneadvisory.com.