F

FSP Advisors, Inc.

Updated today

Client assets under management

$32,628,445

Clients

233

0% high-net worth

Advisors

3

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

78

High

Average account size

$140,036

About

FSP Advisors, Inc. is a state-registered investment adviser organized as a small team of five professionals managing roughly $32.6 million for about 233 clients. The firm offers portfolio management (both discretionary and non-discretionary), modular financial planning, pension consulting for employee benefit plans, and occasional educational seminars and workshops offered to the public at no charge.

The firm tailors investment strategies to individual clients’ objectives and risk tolerances and documents suitability information at onboarding; it provides both discretionary management and non-discretionary advice, with approximately $24.0 million in non-discretionary assets versus about $8.6 million discretionary as of 12/31/2024. FSP may recommend and monitor third‑party investment advisers and receives a portion of third‑party advisory fees for referrals, while also assisting with plan-level recommendations and participant education.

Noteworthy aspects of FSP’s business model include adviser affiliations with broker‑dealer Leigh Baldwin & Co., LLC and licensure as insurance agents, which generate commission‑based compensation separate from advisory fees and are disclosed as potential conflicts of interest. The combination of pension consulting with participant education, explicit third‑party manager referral arrangements, and a predominance of non‑discretionary assets distinguishes FSP from many peers in its team-size category.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

Wealth management

Fee options

Fixed

$750 flat fee for assisting clients with death distributions

Percentage

$0 - $1,000,000: 1.50% $1,000,001 - $3,000,000: 1.00% $3,000,001 - $5,000,000: 0.75% $5,000,001+: Negotiable

Commissions

Commissions earned by registered representatives and insurance agents, separate and in addition to advisory fees

Project-based

$250 per hour for financial planning and pension consulting, negotiable

Other

Account minimum: $25,000 Fee-only: Hourly rate $250, negotiable; flat fee $750 for death distribution assistance

Main office location

FSP Advisors, Inc.

900 Jefferson Road, Suite 301

Rochester NY 14623-3238, United States

Number of offices

2

Most active in

New York

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Quick links

Advisors at this firm

user avatar

Julian R

Series 63, Series 65, Series 66

Rochester, NY

FSP Advisors, Inc.

Julian Ruiz is a financial advisor with FSP Advisors, Inc., holding Series 63, 65, and 66 credentials and over 39 years of industry experience. He has worked at FSP Advisors since 2019 and also maintains roles at Leigh Baldwin & Co., LLC and Progressive Marketing. Ruiz serves as a board member of the Henrietta Chamber of Commerce. FSP Advisors, Inc. is a small team managing approximately $32.6 million for about 233 clients. The firm offers portfolio management, modular financial planning, pension consulting, and public educational seminars, tailoring investment strategies to individual objectives and risk tolerances.

Wealth management
user avatar

Ryan B

Series 63, Series 65

Rochester, NY

FSP Advisors, Inc.

Ryan Bierley is an investment advisor at FSP Advisors, Inc. with 13 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at Leigh Baldwin & Co., LLC since 2016 and Progressive Marketing Services since 2015. In addition to his advisory role, he sells fixed life, disability, and fixed annuities on a part-time basis. FSP Advisors, Inc. is a small team managing approximately $32.6 million for about 233 clients. The firm provides portfolio management, modular financial planning, pension consulting, and public educational seminars, offering both discretionary and non-discretionary services tailored to clients’ objectives and risk tolerances.

Wealth management
user avatar

Alan B

Series 66

East Chatham, NY

FSP Advisors, Inc.

Alan Besterman is a financial advisor with FSP Advisors, Inc., holding a Series 66 designation and over 42 years of industry experience. He has been with FSP Advisors since 2017 and is also affiliated with Leigh Baldwin & Co., LLC. Outside of his advisory role, Besterman serves as a certified NRA pistol instructor and has held leadership and bookkeeping roles with the East Chatham Fire Department. FSP Advisors, Inc. is a small team managing approximately $32.6 million across 233 clients, offering portfolio management, modular financial planning, and pension consulting. The firm combines discretionary and non-discretionary management, provides participant education, and maintains third-party adviser referral arrangements.

Wealth management
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