WNY Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and educational seminars. Financial planning was provided to 3,000 clients last fiscal year.
WNY Asset Management reports 3,260 clients. They include 2,851 individual clients, 383 high-net-worth individuals, and 17 corporations and other businesses. Of its assets, 100.0% ($1.73B across 3,256 accounts) are managed with discretion. It advised 8 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 49% |
| High-net-worth individuals | 12% | 49% |
| Charitable organizations | <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) | 2,851 | $856M | 49.5% | $300K |
| High-net-worth individuals | 383 | $845M | 48.9% | $2.21M |
| Charitable organizations | 9 | $14.2M | 0.8% | $1.58M |
| Corporations and other businesses | 17 | $14.6M | 0.8% | $857K |
| Total | 3,260 | $1.73B | 100% | $531K |
- Clients
- 2,851
- Regulatory AUM
- $856M
- AUM share
- 49.5%
- Avg. per client
- $300K
- Clients
- 383
- Regulatory AUM
- $845M
- AUM share
- 48.9%
- Avg. per client
- $2.21M
- Clients
- 9
- Regulatory AUM
- $14.2M
- AUM share
- 0.8%
- Avg. per client
- $1.58M
- Clients
- 17
- Regulatory AUM
- $14.6M
- AUM share
- 0.8%
- Avg. per client
- $857K
Total
- Clients
- 3,260
- Regulatory AUM
- $1.73B
- AUM share
- 100%
- Avg. per client
- $531K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 8
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 3000
WNY Asset Management charges 0.85%–1.30% a year for its Investment Advisory Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$400.99999K | 1.30% |
| $400.99999K–$750.99998K | 1.10% |
| $750.99998K–$1.001M | 1.00% |
| $1.001M and above | 0.85% |
Fee details and sources
Other fees
- Stand-alone Financial Planning and Consulting
- Negotiable stand-alone planning and consulting, generally $600 to $30,000 on a fixed fee basis or $150 to $350 an hour.
John Pieroni owns 50% to 75% of WNY Asset Management. The leadership team of WNY Asset Management includes Chief Investment Officer Nicholas Scibilia and Chief Compliance Officer Zachary Shroyer. It has 35 employees, 18 of them in advisory roles.
Staff
- 35 employees
- 18 in advisory functions
- 18 state-registered reps
- 20 broker-dealer reps
- 14 insurance agents
- 17 soliciting firms
- Owns 50% to 75% of Wny Asset Management, LLC
John Pieroni
Control person · since May 2010
- Owns 25% to 50% of Wny Asset Management, LLC
Robert Castiglione
Control person · since May 2010
- Owns 10% to 25% of Wny Asset Management, LLC
Ronald Lojacono
Control person · since May 2011
WNY Asset Management’s regulatory assets grew 1.8× from $948M (March 2021) to $1.73B (March 2026); clients rose from 2,865 to 3,260 and employees from 26 to 35.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $1.73B | 3,260 | 35 | 3 |
| Jul 2025July 2025 | $1.45B | 3,115 | 39 | 3 |
| May 2024May 2024 | $1.3B | 3,012 | 39 | 3 |
| Apr 2023April 2023 | $1.11B | 3,092 | 31 | 3 |
| Jun 2022June 2022 | $1.2B | 2,921 | 32 | 3 |
| Mar 2021March 2021 | $948M | 2,865 | 26 | 3 |
Besides its headquarters, WNY Asset Management has 2 offices, with 3 listed addresses in 1 state.
New York · 3 listed addresses
- 6500 Sheridan Drive, Suite 200, WilliamsvilleHQ
- 6470 New Taylor Road, Orchard Park
- 4925 Main Street, Amherst
Other business names
WNY Asset Management has reported 1 other business name to the SEC.
- Spectrum Wealth Management
Contact and registration details
- Legal name
- Wny Asset Management, LLC
- Headquarters
- 6500 Sheridan Drive, Suite 200, Williamsville, NY 14221
- Website
- wnyasset.com
- Phone
- 716-626-0060
- SEC file
- 801-71632
- Structure
- New York LLC
- Fiscal year end
- December
WNY Asset Management’s named custodian for separately managed accounts is Charles Schwab ($1.72B). WNY Asset Management has custody of $49.8M for 131 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.72B100%
At year end, WNY Asset Management’s separately managed accounts were mostly in funds (84%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.12B across 261 positions; the largest are Capital Group Growth ETF (8.4%), Capital Grp Fixed Incm ETF T (7.5%) and Dimensional ETF Trust (7.4%).
What the accounts hold
- Stocks9%
- Funds84%
- Bonds4%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- High-yield corporate bonds1%
- Cash6%
How many clients does WNY Asset Management have?
WNY Asset Management has 3,260 clients and manages $1.73 billion for them, as of March 2026. They include 2,851 individual clients, 383 high-net-worth individuals, and 17 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026
What services does WNY Asset Management offer?
WNY Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does WNY Asset Management charge?
WNY Asset Management charges 0.85%–1.30% a year for its Investment Advisory Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: ADV PART 2A, filed 19 March 2026
Which custodians does WNY Asset Management use?
WNY Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.72B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026
How many financial advisors does WNY Asset Management have?
WNY Asset Management has 18 investment adviser representatives registered with state securities authorities, out of 35 employees, and 18 perform investment advisory functions. 20 employees are registered representatives of a broker-dealer and 14 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 WNY Asset Management invest in?
At the end of its last fiscal year, WNY Asset Management’s separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 6% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns WNY Asset Management?
WNY Asset Management’s direct owners are John Pieroni (50% to 75%), Robert Castiglione (25% to 50%) and Ronald Lojacono (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026
How does WNY Asset Management get paid?
WNY Asset Management 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 WNY Asset Management?
WNY Asset Management’s main office is at 6500 Sheridan Drive, Suite 200, Williamsville, NY 14221. Its phone number is 716-626-0060. Its website is wnyasset.com.