Seneca Financial Advisors LLC

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Client assets under management

$816,452,732

Clients

353

45% high-net worth

Advisors

of 19 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

High

Average account size

$2,312,897

About

Seneca Financial Advisors serves individual and institutional clients, including high‑net‑worth individuals, trusts, estates and business entities, offering comprehensive financial planning, tax planning, investment consulting and ongoing investment management. The firm manages portfolios on both discretionary and non‑discretionary bases and also advises on retirement plan rollovers and related fiduciary matters.

The firm builds customized portfolios from a mix of mutual funds, ETFs and separate‑account managers, using a strategic asset allocation framework with a limited tactical overlay and continuous monitoring. It routinely recommends unaffiliated third‑party Sub‑Advisers and separate managed‑account programs — arrangements the brochure discloses can include private investments (for example, real‑estate and oil and gas partnerships) and, in certain separately managed account programs, the use of borrowing or leverage, a practice noted as less common among peer teams.

Notable operational features include a relatively large asset base for a small advisory team — approximately $847 million in assets under management with four firm advisors — and arrangements where firm personnel may serve as trustees or the firm is deemed to have custody (including authority to disburse funds via standing letters of authorization), with annual surprise verification procedures described in the brochure. The firm also makes use of third‑party custodians and Sub‑Advisers while stating it does not accept referral or solicitor fees from recommended money managers.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

General retirement planning College savings (529s, UTMA, etc.) Wealth management

Fee options

Fixed

A fixed annual fee for comprehensive financial planning services, typically $5,000 but can vary.

Percentage

$0 - $1,000,000: 1.00% $1,000,000 - $2,500,000: 0.85% $2,500,000 - $3,250,000: 0.75% $3,250,000+: 0.65%

Project-based

Hourly fees range from $100 to $500 per hour depending on complexity and individual providing service.

Other

Minimum fee: Standard annual fixed fee for financial planning is $5,000; can range from $4,000 to $60,000 depending on services. Fee-only: Financial planning and tax planning may be charged as fixed fees or hourly fees; investment consulting and management based on AUM.

Main office location

Seneca Financial Advisors LLC

100 South Clinton Avenue, Suite 1640

Rochester NY 14604, United States

Number of offices

Most active in

California · Colorado · Connecticut · District of Columbia · Florida · Maryland · Massachusetts · Nebraska · New Hampshire · New Jersey · New York · Oregon · Texas · Virginia

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Facebook Website 585-203-1211

Advisors at this firm

Matthew D

CFA®

Rochester, NY

Seneca Financial Advisors LLC

Matthew Darcy is a CFA® charterholder with three years of industry experience. He has been with Seneca Financial Advisors LLC since 2016, including a prior role at Key Bank National Association. Seneca Financial Advisors serves individuals, retirement plans, trusts, estates, and certain business entities, providing financial planning, tax planning, investment consulting, and investment management. The firm employs customized portfolios using mutual funds, ETFs, and separate account managers within a long-term strategic asset allocation framework, and offers retirement rollover advice under ERISA/IRC fiduciary standards.

General retirement planning College savings (529s, UTMA, etc.) Wealth management

Zachary E

CFP®

Rochester, NY

Seneca Financial Advisors LLC

Zachary Erskine is a CFP® professional with seven years of industry experience. He has been with Seneca Financial Advisors LLC since 2011. Seneca Financial Advisors serves individuals, including high-net-worth clients, retirement plans, trusts, estates, and certain business entities. The firm provides financial planning, tax planning, investment consulting, and both discretionary and non-discretionary investment management, employing a long-term strategic asset allocation framework with customized portfolios.

General retirement planning College savings (529s, UTMA, etc.) Wealth management

Scott L

PFS™, Series 65

Rochester, NY

Seneca Financial Advisors LLC

Scott Lefebre is a financial advisor at Seneca Financial Advisors LLC in Rochester, NY, holding the PFS™ designation and Series 65 license with 17 years of industry experience. He has been with Seneca Financial Advisors since 2010. Seneca Financial Advisors serves individuals, retirement plans, trusts, estates, and certain business entities, providing financial planning, tax planning, investment consulting, and investment management. The firm customizes strategies using a long-term strategic asset allocation framework and offers a range of services including retirement rollover advice and occasional recommendations of private or illiquid investments.

General retirement planning College savings (529s, UTMA, etc.) Wealth management

Elizabeth R

CFP®, Series 63, Series 65

Denver, CO

Seneca Financial Advisors LLC

Elizabeth Raabe is a CFP® with 22 years of experience in the financial services industry. She has worked at Seneca Financial Advisors LLC since 2020 and previously held roles at Frontier Wealth Management, LLC and Highwater Wealth Management LLC. She is based in Denver, CO and holds Series 63 and Series 65 licenses. Seneca Financial Advisors serves individuals, including high-net-worth clients, retirement plans, trusts, estates, and certain business entities. The firm offers financial and tax planning, investment consulting, and both discretionary and non-discretionary investment management, using a long-term strategic asset allocation framework with customized portfolios.

General retirement planning College savings (529s, UTMA, etc.) Wealth management

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