Sterling Manor Financial, LLC (Saratoga Springs)

Name: Sterling Manor Financial, LLC
Address: 18 Division Street, Saratoga Springs, NY, 12866
Telephone: 518-583-4040

Sterling Manor Financial, LLC is a mid-sized advisory firm based in Saratoga Springs. It manages $70.58 million of regulatory assets for 679 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, New York, and Texas.

Sterling Manor Financial provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sterling Manor Financial: assets under management

The assets under management (AUM) of Sterling Manor Financial, LLC is $70.58 million. The firm's AUM has grown by 42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $69.96 million in discretionary accounts and $623.52 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $105.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $38.97 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% 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 Sterling Manor Financial, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Sterling Manor Financial serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Sterling Manor Financial is individuals with 328 clients and $60.03 million of assets under management. Among the 5 most similar advisory firms, Sterling Manor Financial has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $70.58 million for 338 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.

Sterling Manor Financial doesn't advise any private funds.

Careers at Sterling Manor Financial, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Stephen Matthew Kyne	Managing member & chief compliance officer	1 Apr 2006	25% - 50%	4809925
Stephen Arthur Jenkins	Managing member	1 Apr 2006	25% - 50%	2187856
Adam Fletcher Doig	Managing member	1 Apr 2006	25% - 50%	4872128

Based in Saratoga Springs

The principal office where Sterling Manor Financial, LLC performs its advisory services is located at 18 Division Street, Saratoga Springs, NY 12866, which is also the mailing address of the firm. An additional office of the firm is in Rhinebeck, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-583-4040 or by fax (518) 583-4624. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sterlingmanorfinancial.com.