Armbruster Capital Management, Inc. (Pittsford)
Armbruster Capital Management, Inc. Is a Large Advisory Firm Based in Pittsford. It Manages $423.17 Million of Regulatory Assets for 305 Client Accounts. It...
Armbruster Capital Management, Inc. is a large advisory firm based in Pittsford. It manages $423.17 million of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, New York, and North Carolina.
Armbruster Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
Armbruster Capital Management: assets under management
The assets under management (AUM) of Armbruster Capital Management, Inc. is $423.17 million. The firm's AUM has grown by 1528% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $391.94 million in discretionary accounts and $31.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.38 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.56 million.
Armbruster Capital Management has custody of $4.6 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
