Seneca Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 251–500 clients last fiscal year.
Seneca Financial Advisors reports 373 clients. They include 194 individual clients, 159 high-net-worth individuals and 15 other clients. Of its assets, 87.3% ($740M across 1,029 accounts) are managed with discretion; $107M across 99 accounts are not. It advised 21 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 52% | 6% |
| High-net-worth individuals | 43% | 90% |
| Corporations and other businesses | 1% | 2% |
| Other | 4% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 194 | $50.9M | 6.0% | $262K |
| High-net-worth individuals | 159 | $766M | 90.4% | $4.81M |
| Corporations and other businesses | 5 | $16.4M | 1.9% | $3.29M |
| Other | 15 | $14.3M | 1.7% | $954K |
| Total | 373 | $847M | 100% | $2.27M |
- Clients
- 194
- Regulatory AUM
- $50.9M
- AUM share
- 6.0%
- Avg. per client
- $262K
- Clients
- 159
- Regulatory AUM
- $766M
- AUM share
- 90.4%
- Avg. per client
- $4.81M
- Clients
- 5
- Regulatory AUM
- $16.4M
- AUM share
- 1.9%
- Avg. per client
- $3.29M
- Clients
- 15
- Regulatory AUM
- $14.3M
- AUM share
- 1.7%
- Avg. per client
- $954K
Total
- Clients
- 373
- Regulatory AUM
- $847M
- AUM share
- 100%
- Avg. per client
- $2.27M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 21
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Seneca Financial Advisors charges 0.65%–1.00% a year for its Investment Management and Consulting. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$2.5M | 0.85% |
| $2.5M–$3.25M | 0.75% |
| $3.25M and above | 0.65% |
Fee details and sources
Other fees
- Financial Planning (Fixed Fee)
- Annual fixed fee, standard $5,000 and typically $4,000 to $60,000 when it includes tax planning, consulting or management; paid in quarterly installments in arrears.
- Hourly Planning and Consulting
- Financial planning, tax planning and investment consulting billed hourly at $100 to $500, depending on complexity and the individual providing the service.
Scott Lefebre owns 25% to 50% of Seneca Financial Advisors. Stephen Green is CEO; the leadership team includes Chief Investment Officer Matthew Darcy. It has 19 employees, 5 of them in advisory roles.
Leadership
- Stephen GreenMember & Chief Executive Officer
- Matthew DarcyChief Compliance Officer
- Matthew DarcyMember & Chief Investment Officer
- Scott LefebreMember & Managing Director, Business Development
- Elizabeth RaabeMember & Senior Wealth Advisor
- Zachary ErskineMember & Senior Wealth Advisor
- Kimberly MerryMember & Business Manager
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 19 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Seneca Financial Advisors LLC
Scott Lefebre
Control person · since January 2010
- Owns 25% to 50% of Seneca Financial Advisors LLC
Stephen Green
Control person · since January 2010
- Owns 10% to 25% of Seneca Financial Advisors LLC
Zachary Erskine
Control person · since January 2024
- Owns 10% to 25% of Seneca Financial Advisors LLC
Matthew Darcy
Control person · since January 2024
- Owns 5% to 10% of Seneca Financial Advisors LLC
Elizabeth Raabe
Control person · since January 2024
- Owns 5% to 10% of Seneca Financial Advisors LLC
Kimberly Merry
Control person · since January 2024
Seneca Financial Advisors’ regulatory assets grew 1.7× from $496M (July 2021) to $847M (June 2026); clients rose from 293 to 373 and employees from 17 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $847M | 373 | 19 | 3 |
| February 2025 | $694M | 333 | 19 | 3 |
| January 2024 | $607M | 348 | 19 | 3 |
| March 2023 | $520M | 327 | 19 | 3 |
| February 2022 | $580M | 315 | 20 | 3 |
| July 2021 | $496M | 293 | 17 | 3 |
Besides its headquarters, Seneca Financial Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses in District of Columbia and New York.
District of Columbia · 1 listed address
- 601 Pennsylvania Ave. NW, Washington
New York · 1 listed address
- 100 South Clinton Avenue, Suite 1640, RochesterHQ
Contact and registration details
- Legal name
- Seneca Financial Advisors LLC
- Headquarters
- 100 South Clinton Avenue, Suite 1640, Rochester, NY 14604
- Website
- Not reported
- Phone
- 585-203-1211
- @seneca-financial-advisors-llc
- SEC file
- 801-71051
- Structure
- New York LLC
- Fiscal year end
- December
Seneca Financial Advisors uses Charles Schwab ($745M, 88%) and Fidelity ($99.7M, 12%) as custodians for its separately managed accounts. Seneca Financial Advisors has custody of $11M in client assets for 8 clients.
- FidelityNational Financial Services LLC · Boston, MA · $99.7M12%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $745M88%
At year end, Seneca Financial Advisors’ separately managed accounts were mostly in funds (89%) and stocks (11%). Its reported 13F holdings for the quarter ended 30 June 2026 total $385M across 66 positions; the largest are Schwab Strategic TR (9.7%), Vanguard Specialized Funds (9.2%) and Schwab Strategic TR (7.4%).
What the accounts hold
- Stocks11%
- Exchange-traded equities10%
- Non-exchange-traded equities1%
- Funds89%
- Registered funds88%
- Pooled vehicles1%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash1%
Reported 13F holdings
- $385M
- Reported 13F value
- 66
- Positions
- 70.9%
- In the 10 largest
- +12.8%
- Value vs. prior quarter
- Schwab Strategic TR · US Lcap GR ETF9.7%
- Vanguard Specialized Funds · Div App ETF9.2%
- Schwab Strategic TR · US Mid-cap ETF7.4%
- iShares TR · 0-5 YR Tips ETF7.0%
- Schwab Strategic TR · US Tips ETF6.9%
- Schwab Strategic TR · US Sml Cap ETF6.7%
- Vanguard Mun BD Fds · Tax Exempt BD6.5%
- Vanguard Star Fds · VG TL Intl Stk F6.3%
- Schwab Strategic TR · US Lcap VA ETF5.6%
- iShares TR · Eafe Grwth ETF5.6%
Together, the ten largest are 70.9% of reported value.
How many clients does Seneca Financial Advisors have?
Seneca Financial Advisors has 373 clients and manages $847 million for them, as of June 2026. They include 194 individual clients, 159 high-net-worth individuals and 15 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 June 2026
What services does Seneca Financial Advisors offer?
Seneca Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Seneca Financial Advisors charge?
Seneca Financial Advisors charges 0.65%–1.00% a year for its Investment Management and Consulting. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Seneca Financial Advisors use?
Seneca Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $745M and National Financial Services LLC (Boston, MA), with $99.7M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 June 2026
How many financial advisors does Seneca Financial Advisors have?
Seneca Financial Advisors has 5 investment adviser representatives registered with state securities authorities, out of 19 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Seneca Financial Advisors invest in?
At the end of its last fiscal year, Seneca Financial Advisors’ separately managed accounts held 88% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds, 1% pooled vehicles (private funds and similar) and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Seneca Financial Advisors?
Seneca Financial Advisors’ direct owners are Scott Lefebre, Stephen Green, Elizabeth Raabe, Zachary Erskine, Matthew Darcy and Kimberly Merry, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 25 June 2026
How does Seneca Financial Advisors get paid?
Seneca Financial Advisors is paid through a percentage of assets under management, hourly charges 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 Seneca Financial Advisors?
Seneca Financial Advisors’ main office is at 100 South Clinton Avenue, Suite 1640, Rochester, NY 14604. Its phone number is 585-203-1211.