Waterford Advisors, LLC (Williamsville)


Waterford Advisors, LLC is a large advisory firm based in Williamsville. It manages $265.81 million of regulatory assets for 609 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, New York, and Texas.

Waterford Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and advice on matters not involving securities. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Waterford Advisors: assets under management

The assets under management (AUM) of Waterford Advisors, LLC is $265.81 million. The firm's AUM has grown by 336% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $265.6 million in discretionary accounts and $208.87 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $436.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $208.87 thousand.
Waterford Advisors has custody of $76.23 million in cash and securities for 97 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in non-exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waterford Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Waterford Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Waterford Advisors is high net worth individuals with 73 clients and $203.49 million of assets under management. Among the 8 most similar advisory firms, Waterford Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $265.81 million for 234 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.

Waterford Advisors doesn't advise any private funds.

Careers at Waterford Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 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
Gregory Leonard Kozerski Chief compliance officer 1 May 2001 Other 3125031
Inc. Mmgg Member 1 May 2001 25% - 50% 16-1578776
Inc. Jcm International Member 1 May 2001 25% - 50% 16-1569517
Inc. Sfh Holdings Member 1 May 2001 Other 16-1569531
Scott Michael Mccarthy Member 1 May 2001 25% - 50% 2826589
David Thomas Hore Member 1 May 2001 Other 4700122
Inc Svt International Member 1 Dec 2006 75% - 100% 20-2440863

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mcdonald Investments F/B/O Scott Mccarthy Ira ("Mccarthy Ira") Owner 1 Feb 1999 Other 16-1569517
Scott M Mccarthy Owner 1 Feb 1999 Other 2826589
Mcdonald Investments F/B/O David Hore Ira ("Hore Ira") Owner 1 Feb 1999 Other 16-1569531
David Thomas Hore Owner 1 Feb 1999 Other 4700122
Scott Michael Mccarthy Owner 1 Feb 1999 Other 2826589
Mcdonald Investments F/B/O Gregory Kozerski Ira ("Kozerski Ira") Owner 1 Nov 1999 Other 16-1578776
Gregory Leonard Kozerski Owner 1 Nov 1999 Other 3125031
Scott Michael Mccarthy Owner 1 Nov 1999 75% - 100% xxx-xx-xxxx
David Thomas Hore Owner 1 Nov 1999 75% - 100% xxx-xx-xxxx
David Thomas Hore Owner 1 Dec 2006 25% - 50% xxx-xx-xxxx
Gregory Leonard Kozerski Member 1 Dec 2006 50% - 75% xxx-xx-xxxx
Scott Michael Mccarthy Owner 1 Dec 2006 25% - 50% xxx-xx-xxxx
Christina Marie Michalczak Owner 1 Jan 2015 Other xxx-xx-xxxx
Michael D Harmer Owner 1 Jan 2018 Other 6018998

Based in Williamsville

The principal office where Waterford Advisors, LLC performs its advisory services is located at 6225 Sheridan Drive, Williamsville, NY 14221 5806, 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 716-580-3906 or by fax 716-580-3913. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at waterfordadv.com/.