Buffalo Business & Estate Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Buffalo Business & Estate Services reports 1,152 clients. They include 920 individual clients and 232 high-net-worth individuals. Of its assets, 100.0% ($765M across 1,962 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $765M. It advised 25 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 80% | 39% |
| High-net-worth individuals | 20% | 60% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 920 | $301M | 39.4% | $327K |
| High-net-worth individuals | 232 | $462M | 60.4% | $1.99M |
| Corporations and other businesses | Fewer than 5 | $2.09M | 0.3% | — |
| Total | 1,152 | $765M | 100% | — |
- Clients
- 920
- Regulatory AUM
- $301M
- AUM share
- 39.4%
- Avg. per client
- $327K
- Clients
- 232
- Regulatory AUM
- $462M
- AUM share
- 60.4%
- Avg. per client
- $1.99M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.09M
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 1,152
- Regulatory AUM
- $765M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 25
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Buffalo Business & Estate Services is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Retirement Plan Consulting
- Retirement plan consulting is an annual fee based on a percentage of assets under advisement or a flat fee, negotiable between the plan sponsor and the advisor.
- Wealth Management Consulting
- Consulting is billed as an annual fee, a flat fee, or an hourly rate not to exceed $500, negotiable between the client and advisor.
Richard Moldenhauer owns 50% to 75% of Buffalo Business & Estate Services. The leadership team of Buffalo Business & Estate Services includes President Brett Moldenhauer. It has 15 employees, 10 of them in advisory roles.
Staff
- 15 employees
- 10 in advisory functions
- 10 state-registered reps
- 11 broker-dealer reps
- 8 insurance agents
- Owns 50% to 75% of Buffalo Business & Estate Services LTD
Richard Moldenhauer
Control person · since March 1979
- Owns 50% to 75% of Buffalo Business & Estate Services LTD
Brett Moldenhauer
Control person · since May 2013
Besides its headquarters, Buffalo Business & Estate Services has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 6195 West Quaker Street, Orchard ParkHQ
Contact and registration details
- Legal name
- Buffalo Business & Estate Services LTD
- Headquarters
- 6195 West Quaker Street, Orchard Park, NY 14127
- Website
- moldenhauerassociates.com
- Phone
- 716-662-4361
- @moldenhauer-&-associates
- SEC file
- 801-134292
- Structure
- New York corporation
- Fiscal year end
- December
Buffalo Business & Estate Services’ named custodian for separately managed accounts is Fidelity ($765M). Buffalo Business & Estate Services has custody of $11.8M for 19 clients.
- FidelityNational Financial Services LLC · Boston, MA · $765M100%
At year end, Buffalo Business & Estate Services’ separately managed accounts were mostly in stocks (50%) and funds (44%). Its reported 13F holdings for the quarter ended 30 June 2026 total $793M across 105 positions; the largest are Vanguard Scottsdale Fds (14.5%), Nvidia Corporation (11.2%) and Vanguard Index Fds (10.1%).
What the accounts hold
- Stocks50%
- Funds44%
- Cash6%
How many clients does Buffalo Business & Estate Services have?
Buffalo Business & Estate Services has 1,152 clients and manages $765 million for them, as of January 2026. They include 920 individual clients and 232 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 January 2026
What services does Buffalo Business & Estate Services offer?
Buffalo Business & Estate Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Buffalo Business & Estate Services use?
Buffalo Business & Estate Services’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $765M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 January 2026
How many financial advisors does Buffalo Business & Estate Services have?
Buffalo Business & Estate Services has 10 investment adviser representatives registered with state securities authorities, out of 15 employees, and 10 perform investment advisory functions. 11 employees are registered representatives of a broker-dealer and 8 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 Buffalo Business & Estate Services invest in?
At the end of its last fiscal year, Buffalo Business & Estate Services’ separately managed accounts held 50% exchange-traded equities, 44% registered funds (mutual funds, ETFs, BDCs) and 6% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Buffalo Business & Estate Services?
Buffalo Business & Estate Services’ direct owners are Richard Moldenhauer (50% to 75%) and Brett Moldenhauer (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 January 2026
How does Buffalo Business & Estate Services get paid?
Buffalo Business & Estate Services is paid through a percentage of assets under management, hourly charges 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 Buffalo Business & Estate Services?
Buffalo Business & Estate Services’ main office is at 6195 West Quaker Street, Orchard Park, NY 14127. Its phone number is 716-662-4361. Its website is moldenhauerassociates.com.