AlbanyAdvisor Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, and insurance. Financial planning was provided to 251–500 clients last fiscal year.
AlbanyAdvisor Group reports 412 clients. They include 339 individual clients, 70 high-net-worth individuals and 3 state or municipal government entities. Of its assets, 9.7% ($29.3M across 34 accounts) are managed with discretion; $273M across 891 accounts are not. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 37% |
| High-net-worth individuals | 17% | 63% |
| State or municipal government entities | <1% | 0% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 339 | $113M | 37.5% | $335K |
| High-net-worth individuals | 70 | $189M | 62.5% | $2.71M |
| State or municipal government entities | 3 | $0 | 0.0% | $0 |
| Total | 412 | $303M | 100% | $735K |
- Clients
- 339
- Regulatory AUM
- $113M
- AUM share
- 37.5%
- Avg. per client
- $335K
- Clients
- 70
- Regulatory AUM
- $189M
- AUM share
- 62.5%
- Avg. per client
- $2.71M
- Clients
- 3
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 412
- Regulatory AUM
- $303M
- AUM share
- 100%
- Avg. per client
- $735K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
AlbanyAdvisor Group charges 0.50%–1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is a fixed engagement fee: a plan is typically $495, an annual review $195 and an estate planning review $500, and fees may be negotiable.
Lori Murphy owns 25% to 50% of AlbanyAdvisor Group. The leadership team of AlbanyAdvisor Group includes Chief Compliance Officer Michael Carrillo. It has 6 employees.
Leadership
- Michael CarrilloChief Compliance Officer
- Marc AgelFounding Partner
- Susan HartFounding Partner
- Lori MurphyFounding Partner
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Marc Allen Agel
- Michael Joseph Carrillo
- Susan Bethany Hart
- Michael Seth Lurie
- Lori Gluck Murphy
Staff
- 6 employees
- 6 in advisory functions
- 5 state-registered reps
- 6 broker-dealer reps
- 5 insurance agents
- Owns 25% to 50% of Albanyadvisor Group LLC
Lori Murphy
Control person · since August 2021
- Owns 25% to 50% of Albanyadvisor Group LLC
Marc Agel
Control person · since August 2021
- Owns 10% to 25% of Albanyadvisor Group LLC
Susan Hart
Control person · since August 2021
AlbanyAdvisor Group’s regulatory assets grew 2.2× from $139M (July 2022) to $303M (February 2026); clients rose from 202 to 412 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $303M | 412 | 6 | 2 |
| Feb 2025February 2025 | $270M | 425 | 7 | 3 |
| May 2024May 2024 | $212M | 289 | 7 | 3 |
| Jun 2023June 2023 | $173M | 257 | 5 | 1 |
| Jul 2022July 2022 | $139M | 202 | 5 | 1 |
Besides its headquarters, AlbanyAdvisor Group has 1 office, with 2 listed addresses in 1 state.
New York · 2 listed addresses
- 20 Corporate Woods BLVD.., Suite 400, AlbanyHQ
- 292 Washington Avenue Extension, Albany
Contact and registration details
- Legal name
- Albanyadvisor Group LLC
- Headquarters
- 20 Corporate Woods BLVD.., Suite 400, Albany, NY 12211-2396
- Website
- albanyadvisor.com
- Phone
- 518-689-3577
- @albanyadvisor-group
- SEC file
- 801-122496
- Founded
- 2021
- Structure
- New York LLC
- Fiscal year end
- December
AlbanyAdvisor Group’s named custodians for separately managed accounts are Fidelity ($256M, 85%) and Charles Schwab ($46.8M, 15%). AlbanyAdvisor Group does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $256M85%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $46.8M15%
At year end, AlbanyAdvisor Group’s separately managed accounts were mostly in funds (82%) and stocks (11%).
What the accounts hold
- Stocks11%
- Funds82%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash5%
How many clients does AlbanyAdvisor Group have?
AlbanyAdvisor Group has 412 clients and manages $303 million for them, as of February 2026. They include 339 individual clients, 70 high-net-worth individuals and 3 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 February 2026
What services does AlbanyAdvisor Group offer?
AlbanyAdvisor Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does AlbanyAdvisor Group charge?
AlbanyAdvisor Group charges 0.50%–1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: AAG DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 9 February 2026
Which custodians does AlbanyAdvisor Group use?
AlbanyAdvisor Group’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $256M and Charles Schwab & Co., Inc. (Westlake, TX), with $46.8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 February 2026
How many financial advisors does AlbanyAdvisor Group have?
AlbanyAdvisor Group has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 5 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 AlbanyAdvisor Group invest in?
At the end of its last fiscal year, AlbanyAdvisor Group’s separately managed accounts held 82% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 5% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns AlbanyAdvisor Group?
AlbanyAdvisor Group’s direct owners are Lori Murphy, Marc Agel and Susan Hart, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 9 February 2026
How does AlbanyAdvisor Group get paid?
AlbanyAdvisor Group 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 AlbanyAdvisor Group?
AlbanyAdvisor Group’s main office is at 20 Corporate Woods BLVD.., Suite 400, Albany, NY 12211-2396. Its phone number is 518-689-3577. Its website is albanyadvisor.com.