Independent Family Office, LLC (Albany)

Independent Family Office, LLC is a large advisory firm based in Albany. It manages $405.82 million of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Massachusetts and New York.

Independent Family Office provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and reporting. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Independent Family Office: assets under management

The assets under management (AUM) of Independent Family Office, LLC is $405.82 million. The firm's AUM has grown by 166% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $404.63 million in discretionary accounts and $1.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.85 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $131.71 thousand.

Investments

The firm invests in government bonds the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Independent Family Office, 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 Independent Family Office serves?

The only and largest group of clients of Independent Family Office is high net worth individuals with 14 clients and $405.82 million of assets under management. Among the 13 most similar advisory firms, Independent Family Office has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $405.82 million for 14 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.

Independent Family Office doesn't advise any private funds.

Careers at Independent Family Office, LLC

The company employs 13 people that are either part- or full-time employees. 23 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 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
William Michael Reickert	Managing member and chief compliance officer	1 Jan 2005	75% - 100%	1673416

Based in Albany

The principal office where Independent Family Office, LLC performs its advisory services is located at 677 Broadway, Albany, NY 12207 The mailing address of the firm is Po Box 3977, Albany, NY 12203. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-452-8050 or by fax 518-452-8053. The normal business hours are 8am -5pm on Monday - Friday.