{"url":"https://nivawealth.com/firms/adirondack-financial-services-126155","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/126155","regulatoryAum":461794854,"crd":"126155","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4344180","suffix":null,"lastName":"CLARK","firstName":"JOHN","middleName":"J"},{"crd":"1574382","suffix":null,"lastName":"LOCKE","firstName":"WILLIAM","middleName":"FOX"},{"crd":"2191132","suffix":null,"lastName":"PARENT","firstName":"FRANCES","middleName":"J"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":360968514,"clients":321,"employees":20,"offices":2},{"filedOn":"2022-07-01","regulatoryAum":420289221,"clients":559,"employees":20,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":352171368,"clients":528,"employees":17,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":376744723,"clients":597,"employees":17,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":411908138,"clients":649,"employees":16,"offices":1},{"filedOn":"2026-05-22","regulatoryAum":461794854,"clients":649,"employees":16,"offices":1}],"secFileNumber":"801-64779","legalName":"Adirondack Financial Services Corp","displayName":"Adirondack Financial Services","slug":"adirondack-financial-services-126155","website":"https://adkfinancialservices.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/adirondack-financial-services/","founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"185 Genesee Street, Suite 210","city":"Utica","state":"NY","stateName":"New York","country":"United States","postalCode":"13501"},"tradeNames":[],"registration":{"secApproved":"3 October 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Schedule","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":3000000,"pct":0.85,"from":1000000},{"to":null,"pct":0.65,"from":3000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036622","versionId":1036622,"ratePeriod":"not_stated","fee_billing":"arrears","submittedOn":"2026-03-31","documentName":"FORM ADV, PART 2 BROCHURE","fee_rate_low":0.65,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:53:16.240513+00:00","documents":[{"name":"FORM ADV, PART 2 BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036622","versionId":1036622,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":307469691}],"custodyNote":"Adirondack Financial Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"William Locke","title":"President & CEO","crd":"1574382"},{"name":"John Clark","title":"Chief Investment Officer","crd":"4344180"},{"name":"Patricia Rugari","title":"COO, CFO & CCO","crd":"4836500"}],"ownership":[{"label":"William Locke","detail":"President & ceo in the 75% or more ownership band and a control person, since September 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"185 Genesee Street, Suite 210","city":"Utica","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"315-724-4186","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":56},{"label":"U.S. government/agency bonds","percent":4},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":30},{"label":"Cash and cash equivalents","percent":9}],"privateFunds":0},"sources":{"adv1FilingDate":"22 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/126155/PDF/126155.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036622","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Adirondack Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Adirondack Financial Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Adirondack Financial Services charge?","answer":"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.","source":"FORM ADV, PART 2 BROCHURE, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Adirondack Financial Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Adirondack Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Adirondack Financial Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Adirondack Financial Services?","answer":"Adirondack Financial Services’ direct owner is William Locke (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 22 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Adirondack Financial Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Adirondack Financial Services?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 22 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}