North Woods Asset Management LLC (Buffalo)


North Woods Asset Management LLC is a mid-sized advisory firm based in Buffalo. It manages $27.62 million of regulatory assets for 364 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of New York.

North Woods Asset Management provides portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

North Woods Asset Management: assets under management

The assets under management (AUM) of North Woods Asset Management LLC is $27.62 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $20.77 million in discretionary accounts and $6.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.28 million.
North Woods Asset Management has custody of $1.85 million in cash and securities for 18 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 90% of the total AUM. The second-largest asset type is government bonds, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay North Woods Asset Management LLC for their services and products based on a percentage of assets under management. 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 North Woods Asset Management serves?

The only and largest group of clients of North Woods Asset Management is individuals with 217 clients and $20.65 million of assets under management. Among the 1 most similar advisory firms, North Woods Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $20.65 million for 217 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.

North Woods Asset Management doesn't advise any private funds.

Careers at North Woods Asset Management LLC

The company employs 3 people that are either part- or full-time employees. 100 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Based in Buffalo

The principal office where North Woods Asset Management LLC performs its advisory services is located at 1231 Delaware Avenue, Buffalo, NY 14209, 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 716-322-5221. 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 north-woods.com and its LinkedIn profile.

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