First American Asset Advisory provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
First American Asset Advisory reports 266 high-net-worth individuals. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $192M across 266 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 266 | $192M | 100.0% | $721K |
| Total | 266 | $192M | 100% | $721K |
- Clients
- 266
- Regulatory AUM
- $192M
- AUM share
- 100.0%
- Avg. per client
- $721K
Total
- Clients
- 266
- Regulatory AUM
- $192M
- AUM share
- 100%
- Avg. per client
- $721K
- 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
- 251–500
First American Asset Advisory charges 0.50%–2.75% a year for its Investment Management Fees. The fee is billed in advance and is negotiable.
Fee details and sources
Paul Metz owns 50% to 75% of First American Asset Advisory. The leadership team of First American Asset Advisory includes President Paul Metz and Chief Compliance Officer Michael Finnan. It has 8 employees, 6 of them in advisory roles.
Leadership
Paul MetzPresident
Michael FinnanChief Compliance Officer & CEO
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 6 in advisory functions
- 6 state-registered reps
- 6 broker-dealer reps
- 1 insurance agent
- 2 soliciting firms
- Owns 50% to 75% of First American Asset Advisory, LLC.
Paul Metz
Control person · since September 2015
- Owns 50% to 75% of First American Asset Advisory, LLC.
Michael Finnan
Control person · since January 2019
First American Asset Advisory’s regulatory assets grew 3.5× from $54.7M (July 2022) to $192M (March 2026); clients rose from 113 to 266 and employees from 5 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $192M | 266 | 8 | 1 |
| June 2025 | $140M | 198 | 5 | 1 |
| March 2024 | $99.7M | 172 | 6 | 1 |
| March 2023 | $81.4M | 141 | 6 | 1 |
| July 2022 | $54.7M | 113 | 5 | 1 |
Besides its headquarters, First American Asset Advisory has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 59 Hilton Avenue, Suite 101, Garden CityHQ
Contact and registration details
- Legal name
- First American Asset Advisory, LLC.
- Headquarters
- 59 Hilton Avenue, Suite 101, Garden City, NY 11530
- Website
- firstaaa.com
- Phone
- 516-622-3100
- SEC file
- 801-126067
- Structure
- Delaware LLC
- Fiscal year end
- December
First American Asset Advisory uses RBC Capital Markets ($194M) as custodian for its separately managed accounts. First American Asset Advisory does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- RBC Capital MarketsRBC Capital Markets, LLC · Minneapolis, MN · $194M100%
At year end, First American Asset Advisory’s separately managed accounts were mostly in stocks (62%) and bonds (18%).
What the accounts hold
- Stocks62%
- Funds9%
- Bonds18%
- U.S. government and agency bonds17%
- Investment grade corporate bonds1%
- Cash11%
How many clients does First American Asset Advisory have?
First American Asset Advisory has 266 clients and manages $192 million for them, as of March 2026. They include 266 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does First American Asset Advisory offer?
First American Asset Advisory provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does First American Asset Advisory charge?
First American Asset Advisory charges 0.50%–2.75% a year for its Investment Management Fees. The fee is billed in advance and is negotiable.
Which custodians does First American Asset Advisory use?
First American Asset Advisory’s separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $194M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does First American Asset Advisory have?
First American Asset Advisory has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 6 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does First American Asset Advisory invest in?
At the end of its last fiscal year, First American Asset Advisory’s separately managed accounts held 62% exchange-traded equities, 17% U.S. government and agency bonds, 11% cash and equivalents, 9% registered funds (mutual funds, ETFs, BDCs) 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 First American Asset Advisory?
First American Asset Advisory’s direct owners are Paul Metz (50% to 75%) and Michael Finnan (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does First American Asset Advisory get paid?
First American Asset Advisory is paid through a percentage of assets under management. 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 First American Asset Advisory?
First American Asset Advisory’s main office is at 59 Hilton Avenue, Suite 101, Garden City, NY 11530. Its phone number is 516-622-3100. Its website is firstaaa.com.