Direct Advisors, LLC (Albany)

Name: Direct Advisors, LLC
Address: 421 Loudon Road, Albany, NY, 12211
Telephone: 518-362-2119

Direct Advisors, LLC is a large advisory firm based in Albany. It manages $405.9 million of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Direct Advisors provides pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Direct Advisors: assets under management

The assets under management (AUM) of Direct Advisors, LLC is $405.9 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $405.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.64 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Direct Advisors, LLC for their services and products based on a percentage of assets under management 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 Direct Advisors serves?

The only and largest group of clients of Direct Advisors is pension and profit sharing plans with 72 clients and $405.9 million of assets under management. Among the 12 most similar advisory firms, Direct Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $405.9 million for 72 clients. None of the firm’s clients are foreign persons or businesses.

Direct Advisors doesn't advise any private funds.

Careers at Direct 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. 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 compensates 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
Jeffrey Scott Bennett	Chief compliance officer / manager	1 Aug 2006	50% - 75%	2101185
Thomas Michael Santabarbara	Manager	1 Nov 2008	50% - 75%	1059895

Based in Albany

The principal office where Direct Advisors, LLC performs its advisory services is located at 421 Loudon Road, Albany, NY 12211, 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 518-362-2119 or by fax 518-207-9041. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at directadvisors.com.