Pelkonen and Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, and insurance. Financial planning was provided to 51–100 clients last fiscal year.
Pelkonen and Associates reports 317 clients. They include 186 individual clients and 131 high-net-worth individuals. Of its assets, 95.0% ($279M across 792 accounts) are managed with discretion; $14.6M across 114 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 4% |
| High-net-worth individuals | 41% | 96% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 186 | $12.8M | 4.3% | $68.6K |
| High-net-worth individuals | 131 | $281M | 95.7% | $2.14M |
| Total | 317 | $293M | 100% | $925K |
- Clients
- 186
- Regulatory AUM
- $12.8M
- AUM share
- 4.3%
- Avg. per client
- $68.6K
- Clients
- 131
- Regulatory AUM
- $281M
- AUM share
- 95.7%
- Avg. per client
- $2.14M
Total
- Clients
- 317
- Regulatory AUM
- $293M
- AUM share
- 100%
- Avg. per client
- $925K
- 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
- 51–100
Pelkonen and Associates is paid through a percentage of assets under management 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 one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is offered on an ongoing basis or for a fixed fee, with fixed or annual fees ranging from $3,000 to $22,500, negotiable and billable quarterly.
Allan Pelkonen owns 75% or more of Pelkonen and Associates. The leadership team of Pelkonen and Associates includes Chief Compliance Officer Allan Pelkonen. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 75% or more of Pelkonen and Associates LLC
Allan Pelkonen
Control person · since February 2020
Pelkonen and Associates’ regulatory assets grew 1.7× from $176M (March 2021) to $293M (March 2026); clients rose from 210 to 317 and employees from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $293M | 317 | 4 | 1 |
| Feb 2025February 2025 | $253M | 267 | 3 | 1 |
| Mar 2024March 2024 | $213M | 304 | 3 | 1 |
| Mar 2023March 2023 | $169M | 227 | 3 | 1 |
| Jan 2022January 2022 | $194M | 200 | 3 | 1 |
| Mar 2021March 2021 | $176M | 210 | 3 | 1 |
Besides its headquarters, Pelkonen and Associates has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 425 Broadhollow Road, Suite 112, MelvilleHQ
Contact and registration details
- Legal name
- Pelkonen and Associates LLC
- Headquarters
- 425 Broadhollow Road, Suite 112, Melville, NY 11747
- Website
- ampwealthcare.com
- Phone
- 631-396-1032
- SEC file
- 801-118271
- Founded
- 2020
- Structure
- New York LLC
- Fiscal year end
- December
Pelkonen and Associates’ named custodian for separately managed accounts is Fidelity ($293M). Pelkonen and Associates has custody of $118M for 266 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $293M100%
At year end, Pelkonen and Associates’ separately managed accounts were mostly in funds (72%) and stocks (18%).
What the accounts hold
- Stocks18%
- Exchange-traded equities15%
- Non-exchange-traded equities3%
- Funds72%
- Bonds3%
- U.S. government and agency bonds2%
- Investment grade corporate bonds1%
- Cash6%
- Other1%
- Variable annuities1%
How many clients does Pelkonen and Associates have?
Pelkonen and Associates has 317 clients and manages $293 million for them, as of March 2026. They include 186 individual clients and 131 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026
What services does Pelkonen and Associates offer?
Pelkonen and Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education 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
Which custodians does Pelkonen and Associates use?
Pelkonen and Associates’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $293M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026
How many financial advisors does Pelkonen and Associates have?
Pelkonen and Associates has 3 investment adviser representatives registered with state securities authorities, out of 4 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 Pelkonen and Associates invest in?
At the end of its last fiscal year, Pelkonen and Associates’ separately managed accounts held 72% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 6% cash and equivalents, 3% non-exchange-traded equities, 2% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% other. The 1% other category is described as: Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Pelkonen and Associates?
Pelkonen and Associates’ direct owner is Allan Pelkonen (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 March 2026
How does Pelkonen and Associates get paid?
Pelkonen and Associates 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 Pelkonen and Associates?
Pelkonen and Associates’ main office is at 425 Broadhollow Road, Suite 112, Melville, NY 11747. Its phone number is 631-396-1032. Its website is ampwealthcare.com.