Saperston Legacy Advisors provides portfolio management for individuals and small businesses.
Saperston Legacy Advisors reports 436 clients. They include 295 individual clients, 134 high-net-worth individuals, and 6 corporations and other businesses. Of its assets, 74.2% ($134M across 371 accounts) are managed with discretion; $46.7M across 65 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 68% | 19% |
| High-net-worth individuals | 31% | 79% |
| Pension and profit-sharing plans | <1% | <1% |
| 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) | 295 | $35.1M | 19.4% | $119K |
| High-net-worth individuals | 134 | $143M | 79.1% | $1.07M |
| Pension and profit-sharing plans | 1 | $283K | 0.2% | $283K |
| Corporations and other businesses | 6 | $2.44M | 1.4% | $407K |
| Total | 436 | $181M | 100% | $415K |
- Clients
- 295
- Regulatory AUM
- $35.1M
- AUM share
- 19.4%
- Avg. per client
- $119K
- Clients
- 134
- Regulatory AUM
- $143M
- AUM share
- 79.1%
- Avg. per client
- $1.07M
- Clients
- 1
- Regulatory AUM
- $283K
- AUM share
- 0.2%
- Avg. per client
- $283K
- Clients
- 6
- Regulatory AUM
- $2.44M
- AUM share
- 1.4%
- Avg. per client
- $407K
Total
- Clients
- 436
- Regulatory AUM
- $181M
- AUM share
- 100%
- Avg. per client
- $415K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Saperston Legacy Advisors is paid through a percentage of assets under management and hourly charges. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Hillview III, LLC owns 75% or more of Saperston Legacy Advisors and is in turn owned by Karen Saperston Trustee for Daniel Saperston Irrevocable Trust (25–50%), Karen Saperston Trustee for Kristina Saperston Irrevocable Trust (25–50%) and Karen Saperston Trustee for Willard H.J. Saperston Irrevocable Trust (25–50%). The leadership team of Saperston Legacy Advisors includes President Kristina Saperston and Chief Compliance Officer Karen Saperston. It has 5 employees, 4 of them in advisory roles.
Leadership
- Kristina SaperstonPresident/Secretary
- Karen SaperstonChief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 insurance agents
- Owns 75% or more of Saperston Legacy Advisors, Inc.
Hillview III, LLC
Control person · since March 2021
- Owns 25% to 50% of Hillview III, LLC
Karen Saperston Trustee for Daniel Saperston Irrevocable Trust
Control person · since March 2021
Karen Saperston
Trustee · Control person · since April 2006
- Owns 25% to 50% of Hillview III, LLC
Karen Saperston Trustee for Kristina Saperston Irrevocable Trust
Control person · since March 2021
- Owns 25% to 50% of Hillview III, LLC
Karen Saperston Trustee for Willard H.J. Saperston Irrevocable Trust
Control person · since March 2021
Saperston Legacy Advisors’ regulatory assets grew 3.2× from $56.3M (April 2021) to $181M (March 2026); clients rose from 119 to 436 and employees from 2 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $181M | 436 | 5 | 2 |
| Mar 2025March 2025 | $56.9M | 121 | 3 | 2 |
| Mar 2024March 2024 | $53.9M | 123 | 3 | 2 |
| Mar 2023March 2023 | $49.9M | 122 | 3 | 2 |
| Mar 2022March 2022 | $60.9M | 113 | 2 | 2 |
| Apr 2021April 2021 | $56.3M | 119 | 2 | 1 |
Besides its headquarters, Saperston Legacy Advisors has 1 office, with 2 listed addresses across 2 states.
Florida · 1 listed address
- 1966 Hillview St., Sarasota
New York · 1 listed address
- 172 Lake Street, HamburgHQ
Contact and registration details
- Legal name
- Saperston Legacy Advisors, Inc.
- Headquarters
- 172 Lake Street, Hamburg, NY 14075
- Website
- saperston.com
- Phone
- 716-649-9800
- SEC file
- 801-121038
- Structure
- New York corporation
- Fiscal year end
- December
Saperston Legacy Advisors’ named custodian for separately managed accounts is Charles Schwab ($174M). Saperston Legacy Advisors has custody of $1.14M for 6 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $174M100%
At year end, Saperston Legacy Advisors’ separately managed accounts were mostly in stocks (56%) and bonds (31%).
What the accounts hold
- Stocks56%
- Exchange-traded equities50%
- Non-exchange-traded equities6%
- Funds2%
- Bonds31%
- Cash6%
- Other5%
- Commodity etfs5%
How many clients does Saperston Legacy Advisors have?
Saperston Legacy Advisors has 436 clients and manages $181 million for them, as of March 2026. They include 295 individual clients, 134 high-net-worth individuals, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 March 2026
What services does Saperston Legacy Advisors offer?
Saperston Legacy Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Saperston Legacy Advisors use?
Saperston Legacy Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $174M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 March 2026
How many financial advisors does Saperston Legacy Advisors have?
Saperston Legacy Advisors has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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 Saperston Legacy Advisors invest in?
At the end of its last fiscal year, Saperston Legacy Advisors’ separately managed accounts held 50% exchange-traded equities, 31% U.S. government and agency bonds, 6% non-exchange-traded equities, 6% cash and equivalents, 5% other and 2% registered funds (mutual funds, ETFs, BDCs). The 5% other category is described as: Commodity Etfs.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Saperston Legacy Advisors?
Saperston Legacy Advisors is owned through a holding company by Karen Saperston Trustee for Kristina Saperston Irrevocable Trust and Karen Saperston Trustee for Willard H.J. Saperston Irrevocable Trust. Its direct owner is Hillview III, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 9 March 2026
How does Saperston Legacy Advisors get paid?
Saperston Legacy Advisors is paid through a percentage of assets under management and hourly charges. 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 Saperston Legacy Advisors?
Saperston Legacy Advisors’ main office is at 172 Lake Street, Hamburg, NY 14075. Its phone number is 716-649-9800. Its website is saperston.com.