Adirondack Financial Services Corp
- Regulatory AUM
- $462M
- Discretionary
- $417M
- Clients
- 649
- Avg AUM / client
- $712K
- Accounts
- 851
- Employees
- 16
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of May 22, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 459 | $81.5M | 17.7% |
| High net worth individuals | 137 | $272M | 59.0% |
| Pension and profit sharing plans | 4 | $44.6M | 9.67% |
| Charitable organizations | 29 | $44.6M | 9.66% |
| Insurance companies | 1 | $5.2M | 1.13% |
| Corporations and other businesses | 19 | $13.4M | 2.91% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Cathedral Corporation Retirement Savings Plan Cathedral Corporation | 2024 |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Clark, Harold, Thomas | Board Chairman | Jan 2000 (27y) | 75% or more | |
| William Fox Locke | Ceo | CFA | Sep 2007 (19y) | Less than 5% |
| Rugari, Patricia, Marie | Coo, Cfo & Cco | Oct 2007 (19y) | Less than 5% | |
| John J Clark | Chief Investment Officer | CFA | Nov 2011 (15y) | Less than 5% |
| Frances J Parent | Registered representative | CFP | Dec 2022 (4y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Cathedral Corporation Retirement Savings Plan | Cathedral Corporation | 260 | $25.5M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/22/2026 | 992 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ADMINISTRATIVE INITIAL CRS WAS NOT FILED ON THE TIMELY ON THE IARD SYSTEM OR POSTED ON THE COMPANY WEBSITE. INITIAL CRS WAS PROVIDED TO CLIENTS ON TIME Status: Final Sanction Detail: CEASE & DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF ADVISORS ACT SECTION 204 AND RULES 204-1 & 204-5. CENSURED AND PAID A FINE OF $25,000. Summary: CRS WAS FILED AND ADDED TO WEBSITE. FINE WAS PAID IN ACCORDANCE WITH SETTLEMENT AGREEMENT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
Custody
Reported custodians
- Pershing $307M (67% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 22, 2026.
View current Form ADV (SEC/IAPD) ↗