Courier Capital, LLC (Buffalo)

Courier Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Courier Capital: assets under management

The assets under management (AUM) of Courier Capital, LLC is $1.63 billion. The firm's AUM has grown by 37% since the beginning of its operation, and $1.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.33 billion in discretionary accounts and $300.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.98 million.

Courier Capital has custody of $809.84 million in cash and securities for 437 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Courier Capital, 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 Martin K Birmingham serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Martin K Birmingham is high net worth individuals with 241 clients and $698.57 million of assets under management. Among the 4 most similar advisory firms, Courier Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.63 billion for 811 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Courier Capital doesn't advise any private funds.

Careers at Courier Capital, LLC

The company employs 18 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

Martin K Birmingham has been acting as President since 1 Jan 2016. William L Kreienberg joined the executive team most recently as the President.

Direct owners and executive officers

Based in Buffalo

The principal office where Courier Capital, LLC performs its advisory services is located at 1114 Delaware Avenue, Buffalo, NY 14209 1604, which is also the mailing address of the firm. An additional office of the firm is in Jamestown, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-883-9595 or by fax 716-883-8048. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at couriercapital.com.

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