Chlastawa, Allan Frank (Wynantskill)

Chlastawa, Allan Frank is a mid-sized advisory firm based in Wynantskill. It manages $34.38 million of regulatory assets for 68 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Chlastawa, Allan Frank provides financial planning services, portfolio management for individuals and small businesses, and limited legal & accounting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chlastawa, Allan Frank: assets under management

The assets under management (AUM) of Chlastawa, Allan Frank is $34.38 million. The company doesn't manage any assets belonging to foreign clients.

Chlastawa, Allan Frank has custody of $34.38 million in cash and securities for 68 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 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chlastawa, Allan Frank for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Chlastawa, Allan Frank serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Chlastawa, Allan Frank is individuals with 55 clients and $17.39 million of assets under management. Among the 4 most similar advisory firms, Chlastawa, Allan Frank has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $30.53 million for 66 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.

Chlastawa, Allan Frank doesn't advise any private funds.

Careers at Chlastawa, Allan Frank

The company employs 1 person that is either a part- or full-time employee. 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Allan Frank Chlastawa	Owner - sole proprietor / chief compliance officer	1 Nov 1991	75% - 100%	1192665

Based in Wynantskill

The principal office where Chlastawa, Allan Frank performs its advisory services is located at 62 Indian Pipe Drive, Wynantskill, NY 12198 7820, 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 518-286-5000 or by fax 518-286-2500. The normal business hours are 9 am - 5 pm on Monday - Friday.