Description of Firm Adirondack Capital Advisors, LLC is a registered investment adviser with the United States Securities and Exchange Commission. We are based in Syracuse, New York. We are organized as a limited liability company under the laws of the State of New York and have been providing investment advisory services since 2003. Patrick J. Dooley and Christopher W. Berg are our principal owners.
As used in this brochure, the words "Adirondack", "we," "our," "frm," and "us" refer to Adirondack Capital Advisors, LLC and the words "you," "your," and "client" refer to you as either a client or prospective client of our frm. Also, you may see the term Associated Person used throughout this brochure. Our Associated Persons are our frmms ofcers, employees, and all individuals providing investment advice on behalf of our frm. We are a fee-only investment adviser. Fee-only means we are paid exclusively by our clients and the amounts of all such compensation are fully disclosed to clients in writing. We do not sell products and we do not receive commissions or other remuneration from any source. We do not receive soft dollar compensation or commissions from any outside party. This fee-only arrangement enables our frm to act solely in our clientsm best interests; there is no fnancial incentive, hidden or otherwise, for our frm to operate in any other manner.
We provide our clients with a wide range of investment advisory services through our investment management programs, including fnancial planning and counseling, discretionary and non-discretionary investment management services, retirement plan management and consulting services, advisory consulting services, and selection of other advisers. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services based on an analysis of your fnancial situation and individualized needs.
Financial Planning & Counseling Services We provide fnancial planning and counseling services including retirement planning, estate planning, college planning, cash fow and debt management, and employment benefts. When discussed and mutually agreed upon by Adirondack and the client, we will provide Financial Planning & Counseling Services regarding the management of the clientms fnancial resources based upon an analysis of the individual clientms needs. The services range from comprehensive fnancial planning to more focused consultations, depending on the needs of each client. Generally, Adirondack conducts a complimentary initial consultation where pertinent information about the clientms fnancial circumstances and objectives is collected. For more comprehensive services, the Firm reviews and analyzes the information provided by the client and then typically ofers a written fnancial plan containing recommendations designed with the intention of achieving the clientms stated fnancial goals and objectives. tWe will use our approach that includes "visualize and plan", "implement, monitor, and adjust", and "live". Each of our Financial Planning and Counseling Services clients participates in this approach. 4 We help clients establish fnancial goals tprimarily retirement timing and income related), and develop plans with the objective of accomplishing these goals. At this time, we will generally address employee benefts tofered through the clientms employer), estate planning, tax planning, debt management, college savings, insurance and other related topics. Financial plans are based on the clientms fnancial situation at the time the plan is presented and are based on the information disclosed by the client to Adirondack. Clients are advised that certain assumptions are made with respect to interest and infation rates, use of past trends and performance of the market and economy. Past performance is in no way an indication of future performance. Adirondack cannot ofer any guarantees or promises that the clientms fnancial goals and objectives will be met. As the clientms fnancial situation, goals, objectives, or needs change, clients are strongly urged to promptly notify the Firm. For our fnancial planning and counseling services, clients are free at all times to accept or reject any or all of our recommendations and clients retain the authority and discretion on whether to implement Adirondackms recommendations. If the client decides to follow the recommendations, the client has the option, but is under no obligation, to request that Adirondack implement such recommendations through the Firmms Investment Management Services.
While we may provide recommendations regarding non-investment related matters, such as estate planning, tax planning and insurance we do not serve as a law frm, accounting frm, or insurance agency, and no portion of our services should be construed as legal, accounting, or insurance advice. Accordingly, we do not prepare estate planning documents, tax returns or sell insurance products.
To the extent requested by a client, we may recommend the services of other professionals for certain non-investment implementation purposes ti.e. attorneys, accountants, insurance agents, banks, etc.). The client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation.
We are not compensated separately for Financial Planning and Counseling related services.
Investment Management Services We provide discretionary asset management and investment advisory services in accordance with your individual investment objectives. If you participate in our discretionary portfolio management services, we require you to grant our frm discretionary authority to manage your account. Discretionary authorization will allow our frm to determine the selection and amount of securities to be purchased or sold for your accountts), the broker or dealer to be used for each transaction, and the commission rates to be paid without obtaining your prior consent or approval. Discretionary authority is typically granted by the investment advisory agreement you sign with our frm, a power of attorney, or trading authorization forms. You may limit our discretionary authority tfor example, limiting the types of securities that can be purchased for your account) by providing us with your restrictions and guidelines in writing.
5 In limited circumstances, we may ofer non-discretionary portfolio management services. If you enter into a non-discretionary arrangement with our frm, we must obtain your approval prior to executing any transactions on behalf of your account. You have an unrestricted right to decline to implement any advice provided by our frm on a non- discretionary basis.
We provide continuous advice to a client regarding the investment of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on a clientms particular circumstances are established tvia our fnancial planning and counseling services), we develop a clientms personal investment policy or an investment plan with an asset allocation target and create and manage a portfolio based on

this policy and allocation target. During our data-gathering process, we determine the clientms individual objectives, time horizons, risk tolerance, and liquidity needs. We may also review and discuss a clientms prior investment history, as well as family composition and background.
Retirement Plan Management and Consulting Services We ofer retirement plan management and consulting services to employee beneft plans, fduciaries, and plan participants based upon the needs of the plan and the services requested by the plan sponsor or named fduciary. In general, these services may include an existing plan review, formulation of the investment policy statement, asset allocation advice, investment management services tfund selection and monitoring), investment performance monitoring, on-going consulting and participant communication and education services. We may also provide model portfolios designed and managed by Adirondack. These portfolios consist of investment vehicles that are otherwise available to individual participants. The models represent diferent allocation strategies and Adirondack will monitor, manage, and rebalance based upon the goals of each model and not according to the individual needs of any participant. All retirement plan consulting services shall be in compliance with the applicable state laws regulating retirement consulting services. This applies to client accounts that are retirement or other employee beneft plans t"Plan") governed by the Employee Retirement Income Security Act of 1974, as amended t"ERISA"). If the client accounts are part of a Plan, and our frm accepts appointments to provide services to such accounts, our frm acknowledges its fduciary standard within the meaning of Section 3t21) or 3t38) of ERISA as designated by the Retirement Plan Consulting Agreement with respect to the provision of services described therein.
Advisory Consulting Services We ofer consulting services on securities and non-securities related investments that primarily involve advising on specifc fnancial-related topics. The areas we advise on may include the formation of an investment policy statement, portfolio review, pension plan review, third-party manager due diligence and fnancial decision making/negotiation, among others. The process typically begins with a complimentary introduction meeting during which the various services we provide are explained. We will collect pertinent information about your investment objectives and the specifc fnancial areats) to be addressed. As required, we will conduct follow-up interviews for the purpose of reviewing and/or collecting additional fnancial data. Once we understand your concerns and have agreed on the services our frm will provide, we will ofer our guidance and advice on the recommended course of action.
6 Depending on the nature of the advice at issue, we may or may not deliver a written plan to you when we ofer advisory consulting services. In all cases, we require you to acknowledge the limited scope of the engagement in writing. We also require you to hold us harmless from any liability arising out of areas of your fnances which were not reviewed by our frm, or otherwise included, as part of the consulting engagement.
Selection of Other Advisers We may recommend that you use the services of a third party money manager t"TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about your fnancial situation and objectives, we may recommend that you engage a specifc TPMM or investment program. Factors that we take into consideration when making our recommendationts) include, but are not limited to, the following: the TPMMms performance, methods of analysis, fees, your fnancial needs, investment goals, risk tolerance, and investment objectives. We will monitor the TPMMts)m performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The TPMMts) will actively manage your portfolio and will assume discretionary investment authority over your account. We will assume discretionary authority to retain and terminate the engagement of TPMMts) and/or reallocate your assets to other TPMMts) where we deem such action appropriate.
IRA Rollover Recommendations Efective December 20, 2021 tor such later date as the US Department of Labor t"DOL") Field Assistance Bulletin 2018-02 ceases to be in efect), for purposes of complying with the DOLms Prohibited Transaction Exemption 2020-02 t"PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conficts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rulems provisions, we must:
•Meet a professional standard of care when making investment recommendations tgive prudent advice);
•Never put our fnancial interests ahead of yours when making recommendations tgive loyal advice);
•Avoid misleading statements about conficts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conficts of interest. We beneft fnancially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fduciary, we only recommend a rollover when we believe it is in your best interest.
7 Accuracy of Client Information You must promptly notify our frm if your fnancial situation, goals, objectives, or needs change for the purpose of reviewing, evaluating, and/or revising our previous recommendations and/or services. Types of Investments We primarily ofer advice on mutual funds, exchange traded funds t"ETFs"), and individual securities tstocks/bonds). We may also provide advice on warrants, commercial paper, certifcates of deposit, municipal securities, variable products tlife insurance and annuities). Additionally, we may recommend other types of investments since each client has diferent needs and diferent tolerances for risk. We may also advise you on any type of investment held in your portfolio at the inception of our advisory relationship, or on specifc types of investments at your request. You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our frm in writing.
Wrap Fee Programs We do not participate in wrap fee programs.
Assets Under Management As of December 31, 2023, we provide continuous management services for $285,310,100 in client assets on a discretionary basis.