Courier Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Courier Capital reports 2,212 clients. They include 1,738 individual clients, 356 high-net-worth individuals, and 45 pension and profit-sharing plans. Of its assets, 85.9% ($3.08B across 3,699 accounts) are managed with discretion; $504M across 158 accounts are not. A wrap fee program the firm both sponsors and manages holds $22.1M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 18% |
| High-net-worth individuals | 16% | 50% |
| Pension and profit-sharing plans | 2% | 15% |
| Charitable organizations | 2% | 13% |
| Corporations and other businesses | 2% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,738 | $636M | 17.7% | $366K |
| High-net-worth individuals | 356 | $1.79B | 49.8% | $5.02M |
| Pension and profit-sharing plans | 45 | $548M | 15.3% | $12.2M |
| Charitable organizations | 35 | $456M | 12.7% | $13M |
| Corporations and other businesses | 38 | $159M | 4.4% | $4.19M |
| Total | 2,212 | $3.59B | 100% | $1.62M |
- Clients
- 1,738
- Regulatory AUM
- $636M
- AUM share
- 17.7%
- Avg. per client
- $366K
- Clients
- 356
- Regulatory AUM
- $1.79B
- AUM share
- 49.8%
- Avg. per client
- $5.02M
- Clients
- 45
- Regulatory AUM
- $548M
- AUM share
- 15.3%
- Avg. per client
- $12.2M
- Clients
- 35
- Regulatory AUM
- $456M
- AUM share
- 12.7%
- Avg. per client
- $13M
- Clients
- 38
- Regulatory AUM
- $159M
- AUM share
- 4.4%
- Avg. per client
- $4.19M
Total
- Clients
- 2,212
- Regulatory AUM
- $3.59B
- AUM share
- 100%
- Avg. per client
- $1.62M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Courier Capital charges up to 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 Consulting
- Financial consulting is charged hourly or as a fixed fee; hourly fees generally range from $0 to $350.
Financial Institutions, Inc. owns 75% or more of Courier Capital. The leadership team of Courier Capital includes President James Iglewski and Chief Compliance Officer Karen Mohn. It has 26 employees, 12 of them in advisory roles.
Leadership
- James IglewskiPresident
- Karen MohnChief Compliance Officer
- Jason StronzSenior Managing Director
- Heather WisinskiSenior Director of Operations
Investment adviser representatives
14 representatives listed in the SEC register as of 9 October 2026.
- Michael Robert Brace
- Ryan Paul Coppola
- Stephen John Fassel
- Steven Anthony Gattuso
- William Henry Gurney
- Ryan Thomas Hanlon
- Thomas James Hanlon
- Jozef Nicholas Kuzmkowski
- Nicholas Timothy Norvell
- Thomas Blick Reading
- David Carl Robbins
- Jason Michael Stronz
- Rebecca Levengood Westervelt
- Lawrence Vernon Whistler IV
Staff
- 26 employees
- 12 in advisory functions
- 12 state-registered reps
- Owns 75% or more of Courier Capital, LLC
Financial Institutions, Inc.
Control person · since January 2016
Courier Capital’s regulatory assets grew 1.8× from $2.04B (March 2021) to $3.59B (March 2026); clients rose from 808 to 2,212 and employees from 17 to 26. In 2017, Robshaw & Julian Associates joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $3.59B | 2,212 | 26 | 5 |
| March 2025 | $3.09B | 2,218 | 25 | 4 |
| April 2024 | $2.86B | 2,222 | 23 | 4 |
| May 2023 | $1.9B | 842 | 23 | 4 |
| March 2022 | $2.18B | 813 | 14 | 2 |
| March 2021 | $2.04B | 808 | 17 | 2 |
Firms that joined
20171 joined
- Robshaw & Julian AssociatesNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Courier Capital has 4 offices, with 5 listed addresses in Florida, New York and Pennsylvania.
New York · 3 listed addresses
- 1114 Delaware Avenue, BuffaloHQ
- 214 W Fifth Street, Jamestown
- 100 Chestnut St. 15th Floor, Rochester
Florida · 1 listed address
- 6901 Professional Parkway East, Suite 203, Sarasota
Pennsylvania · 1 listed address
- 1350 Old Freeport RD. Ste 2bf, Pittsburgh
Other business names
Courier Capital has reported 1 other business name to the SEC.
- Courier Capital
Contact and registration details
- Legal name
- Courier Capital, LLC
- Headquarters
- 1114 Delaware Avenue, Buffalo, NY 14209-1604
- Website
- couriercapital.com
- Phone
- 716-883-9595
- @courier-capital-corporation
- SEC file
- 801-107119
- Structure
- New York LLC
- Fiscal year end
- December
Courier Capital uses Charles Schwab ($2.9B) as custodian for its separately managed accounts. Courier Capital has custody of $2.98B in client assets for 2,496 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.9B100%
At year end, Courier Capital’s separately managed accounts were mostly in funds (58%) and bonds (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2B across 399 positions; the largest are iShares TR (6.3%), iShares TR (4.4%) and Apple Inc. (3.6%).
What the accounts hold
- Stocks18%
- Funds58%
- Bonds19%
- U.S. government and agency bonds13%
- State and local bonds4%
- Investment grade corporate bonds2%
- Cash5%
Reported 13F holdings
- $2B
- Reported 13F value
- 399
- Positions
- 31.1%
- In the 10 largest
- +11.9%
- Value vs. prior quarter
- iShares TR · S&P 500 Grwt ETF6.3%
- iShares TR · Core S&P500 ETF4.4%
- Apple Inc.3.6%
- iShares TR · S&P 500 Val ETF3.4%
- SPDR Series Trust · ST Str P500grw3.3%
- iShares TR · Core S&P Mcp ETF2.7%
- SPDR Series Trust · ST Str P500val2.6%
- iShares TR · S&P MC 400vl ETF1.7%
- iShares TR · Core S&P Scp ETF1.7%
- iShares TR · MSCI Eafe ETF1.6%
Together, the ten largest are 31.1% of reported value.
How many clients does Courier Capital have?
Courier Capital has 2,212 clients and manages $3.59 billion for them, as of March 2026. They include 1,738 individual clients, 356 high-net-worth individuals, and 45 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 March 2026
What services does Courier Capital offer?
Courier Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Courier Capital charge?
Courier Capital charges up to 1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: COURIER CAPITAL, LLC PART 2A BROCHURE, filed 16 March 2026
Which custodians does Courier Capital use?
Courier Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.9B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 March 2026
How many financial advisors does Courier Capital have?
Courier Capital has 12 investment adviser representatives registered with state securities authorities, out of 26 employees, and 12 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Courier Capital invest in?
At the end of its last fiscal year, Courier Capital’s separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities, 13% U.S. government and agency bonds, 5% cash and equivalents, 4% state and local bonds and 2% 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 Courier Capital?
Courier Capital’s direct owner is Financial Institutions, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 March 2026
How does Courier Capital get paid?
Courier Capital 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 Courier Capital?
Courier Capital’s main office is at 1114 Delaware Avenue, Buffalo, NY 14209-1604. Its phone number is 716-883-9595. Its website is couriercapital.com.