Adirondack Financial Services provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 1–10 clients last fiscal year.
Adirondack Financial Services reports 649 clients. They include 459 individual clients, 137 high-net-worth individuals and 29 charitable organizations. Of its assets, 90.3% ($417M across 845 accounts) are managed with discretion; $44.8M across 6 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 18% |
| High-net-worth individuals | 21% | 59% |
| Pension and profit-sharing plans | <1% | 10% |
| Charitable organizations | 4% | 10% |
| Insurance companies | <1% | 1% |
| Other client typesCorporations and other businesses | 3% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 459 | $81.5M | 17.7% | $178K |
| High-net-worth individuals | 137 | $272M | 59.0% | $1.99M |
| Pension and profit-sharing plans | Fewer than 5 | $44.6M | 9.7% | $11.2M |
| Charitable organizations | 29 | $44.6M | 9.7% | $1.54M |
| Insurance companies | Fewer than 5 | $5.22M | 1.1% | $5.22M |
| Corporations and other businesses | 19 | $13.4M | 2.9% | $707K |
| Total | 649 | $462M | 100% | — |
- Clients
- 459
- Regulatory AUM
- $81.5M
- AUM share
- 17.7%
- Avg. per client
- $178K
- Clients
- 137
- Regulatory AUM
- $272M
- AUM share
- 59.0%
- Avg. per client
- $1.99M
- Clients
- Fewer than 5
- Regulatory AUM
- $44.6M
- AUM share
- 9.7%
- Avg. per client
- $11.2M
- Clients
- 29
- Regulatory AUM
- $44.6M
- AUM share
- 9.7%
- Avg. per client
- $1.54M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.22M
- AUM share
- 1.1%
- Avg. per client
- $5.22M
- Clients
- 19
- Regulatory AUM
- $13.4M
- AUM share
- 2.9%
- Avg. per client
- $707K
Total
- Clients
- 649
- Regulatory AUM
- $462M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Adirondack Financial Services charges 0.65%–1.00% for its Standard Fee Schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.85% |
| $3M and above | 0.65% |
Fee details and sources
William Locke owns 75% or more of Adirondack Financial Services. The leadership team of Adirondack Financial Services includes President William Locke and Chief Investment Officer John Clark. It has 16 employees, 9 of them in advisory roles.
Leadership
- William LockePresident & CEO
- John ClarkChief Investment Officer
- Patricia RugariCOO, CFO & CCO
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 16 employees
- 9 in advisory functions
- 2 state-registered reps
- 5 broker-dealer reps
- 7 insurance agents
- Owns 75% or more of Adirondack Financial Services Corp
William Locke
Control person · since September 2007
Adirondack Financial Services’ regulatory assets grew from $361M (March 2021) to $462M (May 2026); clients rose from 321 to 649 and employees fell from 20 to 16.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $462M | 649 | 16 | 1 |
| March 2025 | $412M | 649 | 16 | 1 |
| March 2024 | $377M | 597 | 17 | 1 |
| March 2023 | $352M | 528 | 17 | 1 |
| July 2022 | $420M | 559 | 20 | 1 |
| March 2021 | $361M | 321 | 20 | 2 |
Besides its headquarters, Adirondack Financial Services has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 185 Genesee Street, Suite 210, UticaHQ
Contact and registration details
- Legal name
- Adirondack Financial Services Corp
- Headquarters
- 185 Genesee Street, Suite 210, Utica, NY 13501
- Website
- adkfinancialservices.com
- Phone
- 315-724-4186
- @adirondack-financial-services
- SEC file
- 801-64779
- Structure
- New York corporation
- Fiscal year end
- December
Adirondack Financial Services uses Pershing ($307M) as custodian for its separately managed accounts. Adirondack Financial Services does not have custody of client assets.
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $307M100%
At year end, Adirondack Financial Services’ separately managed accounts were mostly in stocks (56%) and funds (30%).
What the accounts hold
- Stocks56%
- Funds30%
- Bonds5%
- U.S. government and agency bonds4%
- State and local bonds1%
- Cash9%
How many clients does Adirondack Financial Services have?
Adirondack Financial Services has 649 clients and manages $462 million for them, as of May 2026. They include 459 individual clients, 137 high-net-worth individuals and 29 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 May 2026
What services does Adirondack Financial Services offer?
Adirondack Financial Services provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Adirondack Financial Services charge?
Adirondack Financial Services charges 0.65%–1.00% for its Standard Fee Schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Adirondack Financial Services use?
Adirondack Financial Services’ separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $307M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 May 2026
How many financial advisors does Adirondack Financial Services have?
Adirondack Financial Services has 2 investment adviser representatives registered with state securities authorities, out of 16 employees, and 9 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 7 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Adirondack Financial Services invest in?
At the end of its last fiscal year, Adirondack Financial Services’ separately managed accounts held 56% exchange-traded equities, 30% registered funds (mutual funds, ETFs, BDCs), 9% cash and equivalents, 4% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Adirondack Financial Services?
Adirondack Financial Services’ direct owner is William Locke (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 22 May 2026
How does Adirondack Financial Services get paid?
Adirondack Financial Services is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Adirondack Financial Services?
Adirondack Financial Services’ main office is at 185 Genesee Street, Suite 210, Utica, NY 13501. Its phone number is 315-724-4186. Its website is adkfinancialservices.com.