Greenbush Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and publishing newsletters. Financial planning was provided to 11–25 clients last fiscal year.
Greenbush Financial Group reports 800 clients. They include 448 individual clients, 200 high-net-worth individuals, and 146 pension and profit-sharing plans. Of its assets, 63.8% ($393M across 1,209 accounts) are managed with discretion; $223M across 79 accounts are not. It advised 25 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 19% |
| High-net-worth individuals | 25% | 40% |
| Pension and profit-sharing plans | 18% | 40% |
| Corporations and other businesses | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 448 | $119M | 19.3% | $266K |
| High-net-worth individuals | 200 | $245M | 39.7% | $1.22M |
| Pension and profit-sharing plans | 146 | $246M | 39.9% | $1.68M |
| Corporations and other businesses | 6 | $7.05M | 1.1% | $1.18M |
| Total | 800 | $617M | 100% | $771K |
- Clients
- 448
- Regulatory AUM
- $119M
- AUM share
- 19.3%
- Avg. per client
- $266K
- Clients
- 200
- Regulatory AUM
- $245M
- AUM share
- 39.7%
- Avg. per client
- $1.22M
- Clients
- 146
- Regulatory AUM
- $246M
- AUM share
- 39.9%
- Avg. per client
- $1.68M
- Clients
- 6
- Regulatory AUM
- $7.05M
- AUM share
- 1.1%
- Avg. per client
- $1.18M
Total
- Clients
- 800
- Regulatory AUM
- $617M
- AUM share
- 100%
- Avg. per client
- $771K
- 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
Greenbush Financial Group charges 0.10%–1.50% a year for its Asset Management Services. The fee is billed in advance or in arrears and requires an account of at least $250,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- For clients who do not maintain investment accounts with the firm, financial planning is charged at a maximum of $1,000 per hour, negotiable, with a retainer of one-half the quoted fee.
- Investment Consulting Services
- Consulting is charged at a maximum of $1,000 per hour, negotiable; ongoing consultation generally does not exceed $50,000 per year, charged quarterly in advance.
David Wojeski owns 25% to 50% of Greenbush Financial Group. The leadership team of Greenbush Financial Group includes Chief Compliance Officer Robert Mangold. It has 6 employees, 3 of them in advisory roles.
Leadership
- Robert MangoldPartner and Chief Compliance Officer
- Michael RugerPartner
- David WojeskiPartner
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Bradley Scott Harkness
- Robert Michael Mangold JR.
- Michael R. Ruger
- David Michael Wojeski
Staff
- 6 employees
- 3 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- 3 soliciting firms
- Owns 25% to 50% of Greenbush Financial Group, LLC
David Wojeski
Control person · since January 2000
- Owns 25% to 50% of Greenbush Financial Group, LLC
Michael Ruger
Control person · since September 2007
- Owns 10% to 25% of Greenbush Financial Group, LLC
Robert Mangold
Control person · since January 2022
Greenbush Financial Group’s regulatory assets grew 2.0× from $303M (February 2021) to $617M (August 2026); clients rose from 387 to 800 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $617M | 800 | 6 | 1 |
| Apr 2025April 2025 | $498M | 818 | 6 | 2 |
| Jul 2024July 2024 | $411M | 558 | 5 | 2 |
| Jul 2023July 2023 | $364M | 505 | 5 | 2 |
| Jan 2022January 2022 | $383M | 442 | 5 | 2 |
| Feb 2021February 2021 | $303M | 387 | 5 | 2 |
Besides its headquarters, Greenbush Financial Group has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 159 Wolf Road, Suite 101, AlbanyHQ
Contact and registration details
- Legal name
- Greenbush Financial Group, LLC
- Headquarters
- 159 Wolf Road, Suite 101, Albany, NY 12205
- Website
- greenbushfinancial.com
- Phone
- 518-477-6686
- @1796062
- SEC file
- 801-73044
- Structure
- New York LLC
- Fiscal year end
- December
Greenbush Financial Group’s named custodians for separately managed accounts include Fidelity ($392M, 65%), Empower ($85.8M, 14%) and Matrix Trust ($75.1M, 12%). Greenbush Financial Group does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $392M65%
- Matrix TrustMatrix Trust Company · Denver, CO · $75.1M12%
- Reliance TrustReliance Trust Company · Atlanta, GA · $48.4M8%
- EmpowerEmpower Trust Company · Houston, TX · $85.8M14%
At year end, Greenbush Financial Group’s separately managed accounts were mostly in funds (85%). Its reported 13F holdings for the quarter ended 30 June 2026 total $340M across 35 positions; the largest are Vanguard Index Fds (14.1%), Vanguard Index Fds (11.5%) and Vanguard BD Index Fds (7.6%).
What the accounts hold
- Stocks5%
- Funds85%
- Bonds6%
- U.S. government and agency bonds3%
- Investment grade corporate bonds2%
- State and local bonds1%
- Cash4%
Reported 13F holdings
- $340M
- Reported 13F value
- 35
- Positions
- 69.5%
- In the 10 largest
- +12.6%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs14.1%
- Vanguard Index Fds · Value ETF11.5%
- Vanguard BD Index Fds · Total Bnd Mrkt7.6%
- Capital Group Growth ETF · Shs Creat Unit6.9%
- Capital Group Core Balanced6.1%
- Vanguard Star Fds · VG TL Intl Stk F5.6%
- Capital Group Dividend Value · Shs Creat Unit4.9%
- Capital Grp Fixed Incm ETF T · Core Bond ETF4.5%
- SPDR Gold TR · Gold Shs4.2%
- Capital Grp Fixed Incm ETF T · Core Plus Incm4.1%
Together, the ten largest are 69.5% of reported value.
How many clients does Greenbush Financial Group have?
Greenbush Financial Group has 800 clients and manages $617 million for them, as of August 2026. They include 448 individual clients, 200 high-net-worth individuals, and 146 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 August 2026
What services does Greenbush Financial Group offer?
Greenbush Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Greenbush Financial Group charge?
Greenbush Financial Group charges 0.10%–1.50% a year for its Asset Management Services. The fee is billed in advance or in arrears and requires an account of at least $250,000.
Source: GREENBUSH FINANCIAL GROUP, LLC PT 2A, filed 6 August 2026
Which custodians does Greenbush Financial Group use?
Greenbush Financial Group’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $392M, Empower Trust Company (Houston, TX), with $85.8M, Matrix Trust Company (Denver, CO), with $75.1M and Reliance Trust Company (Atlanta, GA), with $48.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 August 2026
How many financial advisors does Greenbush Financial Group have?
Greenbush Financial Group has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Greenbush Financial Group invest in?
At the end of its last fiscal year, Greenbush Financial Group’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities, 4% cash and equivalents, 3% U.S. government and agency bonds, 2% investment grade corporate 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
Does Greenbush Financial Group have a minimum investment?
Yes, Greenbush Financial Group’s minimum account size for its Asset Management Services is $250K.
Source: GREENBUSH FINANCIAL GROUP, LLC PT 2A, filed 6 August 2026
Who owns Greenbush Financial Group?
Greenbush Financial Group’s direct owners are David Wojeski, Michael Ruger and Robert Mangold, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 6 August 2026
How does Greenbush Financial Group get paid?
Greenbush Financial Group is paid through a percentage of assets under management, hourly charges, fixed fees, commissions, performance-based fees and other compensation.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Greenbush Financial Group?
Greenbush Financial Group’s main office is at 159 Wolf Road, Suite 101, Albany, NY 12205. Its phone number is 518-477-6686. Its website is greenbushfinancial.com.