{"url":"https://nivawealth.com/firms/saperston-legacy-advisors-105849","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/105849","regulatoryAum":180788751,"crd":"105849","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"831683","suffix":null,"lastName":"BRAUNSTEIN","firstName":"DAVID","middleName":"MARK"},{"crd":"4403872","suffix":null,"lastName":"SAPERSTON","firstName":"KRISTINA","middleName":"LYNN"},{"crd":"838581","suffix":null,"lastName":"SAPERSTON","firstName":"WILLARD","middleName":"BASCH"},{"crd":"2441548","suffix":"III","lastName":"TAYLOR","firstName":"JAMES","middleName":"GORDON"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-20","regulatoryAum":56282774,"clients":119,"employees":2,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":60861738,"clients":113,"employees":2,"offices":2},{"filedOn":"2023-03-27","regulatoryAum":49941124,"clients":122,"employees":3,"offices":2},{"filedOn":"2024-03-28","regulatoryAum":53867432,"clients":123,"employees":3,"offices":2},{"filedOn":"2025-03-25","regulatoryAum":56919495,"clients":121,"employees":3,"offices":2},{"filedOn":"2026-03-09","regulatoryAum":180788751,"clients":436,"employees":5,"offices":2}],"secFileNumber":"801-121038","legalName":"Saperston Legacy Advisors, Inc.","displayName":"Saperston Legacy Advisors","slug":"saperston-legacy-advisors-105849","website":"https://saperston.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"172 Lake Street","city":"Hamburg","state":"NY","stateName":"New York","country":"United States","postalCode":"14075"},"tradeNames":[],"registration":{"secApproved":"4 May 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":415064.2097902098,"staff":{"employees":5,"advisory":4,"brokerDealerReps":0,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":180788751,"discretionary":134056649,"discretionaryAccounts":371,"nonDiscretionary":46732102,"nonDiscretionaryAccounts":65,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":295,"regulatoryAum":35138991},{"label":"High-net-worth individuals","clients":134,"regulatoryAum":142923555},{"label":"Pension and profit-sharing plans","clients":1,"regulatoryAum":282852},{"label":"Corporations and other businesses","clients":6,"regulatoryAum":2443353}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T11:49:01.66315+00:00","documents":[{"name":"SAPERSTON LEGACY ADVISORS, INC. FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013941","versionId":1013941,"submittedOn":"2026-03-03"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":173943084}],"custodyNote":"Saperston Legacy Advisors has custody of $1.14M in client assets for 6 clients.","otherCustodians":[],"leadership":[{"name":"Kristina Saperston","title":"President/Secretary","crd":"4403872"},{"name":"Karen Saperston","title":"Chief Compliance Officer","crd":"1921232"}],"ownership":[{"label":"Hillview III, LLC","detail":"Shareholder in the 75% or more ownership band and a control person, since March 2021."},{"label":"Karen Saperston Trustee for Daniel Saperston Irrevocable Trust","detail":"Indirect owner: a member of Hillview III, LLC in the 25% to 50% band and a control person, since March 2021.","parent":"Hillview III, LLC"},{"label":"Karen Saperston Trustee for Kristina Saperston Irrevocable Trust","detail":"Indirect owner: a member of Hillview III, LLC in the 25% to 50% band and a control person, since March 2021.","parent":"Hillview III, LLC"},{"label":"Karen Saperston Trustee for Willard H.J. Saperston Irrevocable Trust","detail":"Indirect owner: a member of Hillview III, LLC in the 25% to 50% band and a control person, since March 2021.","parent":"Hillview III, LLC"},{"label":"Karen Saperston","detail":"Indirect owner: trustee of Karen Saperston Trustee for Daniel Saperston Irrevocable Trust and a control person, since April 2006. Also trustee of Karen Saperston Trustee for Kristina Saperston Irrevocable Trust and a control person, since April 2006. Also trustee of Karen Saperston Trustee for Willard H.J. Saperston Irrevocable Trust and a control person, since April 2006.","parent":"Karen Saperston Trustee for Daniel Saperston Irrevocable Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"1966 Hillview St.","city":"Sarasota"}]},{"state":"New York","offices":1,"addresses":[{"street":"172 Lake Street","city":"Hamburg","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"716-649-9800","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":50},{"label":"Non-exchange-traded equity securities","percent":6},{"label":"U.S. government/agency bonds","percent":31},{"label":"Securities issued by registered investment companies or business development companies","percent":2},{"label":"Cash and cash equivalents","percent":6},{"label":"Other","percent":5,"detail":"Commodity Etfs"}],"privateFunds":0},"sources":{"adv1FilingDate":"9 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/105849/PDF/105849.pdf","brochureDate":"3 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013941","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Saperston Legacy Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Saperston Legacy Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Saperston Legacy Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Saperston Legacy Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Saperston Legacy Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Saperston Legacy Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Saperston Legacy Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Saperston Legacy Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 9 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}