9AT: ADIRONDACK FINANCIAL SERVICES CORP

ADIRONDACK FINANCIAL SERVICES CORP

ADIRONDACK FINANCIAL SERVICES CORP

Adviser Profile

As of Date	05/22/2026
Registration	SEC, Approved, 10/03/2005
Other registrations (1)	New York, Terminated, 10/07/2005
ADV Location	UTICA, NY, United States
Contact Info	315 xxxxxxx
Websites

AUM^*	461,794,854 23%
of that, discretionary	417,027,089 24%
Number of Employees	16 -6%
of those in investment advisory functions	9 -10%
Private Fund GAV^*	0
Avg Account Size	542,650 23%
% High Net Worth	21.11% -8%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Reported AUM

417M 357M 298M 238M 179M 119M 60M

2016 2017 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

Adirondack Financial Services was founded in 2000 and currently has sixteen full time employees and 4 part-time employees with 10 of those employees working in Investment Advisory Services. In August of 2007 AFS welcomed William F. Locke, CFA as the new Chief Executive Officer of the company. Adirondack Financial Services is a privately owned Corporation. It is owned by Harold T. Clark Jr. Mr. Clark owns several other local companies that are separate and distinct entities and are not affiliated with AFS. We provide Investment Advisory Services Company and provide portfolio management for individuals, businesses, not for profit corporations and institutional clients. We also provide financial planning, pension consulting, 401k investment advice and Trust management. We have discretionary as well as non-discretionary accounts. Our advice is tailored to each individual client. An investment manager speaks with the

client and discusses their investment objectives their individual circumstances and needs. Together and investment policy statement is agreed upon which also helps to determine the asset allocation for the account. This IPS is revisited with client during reviews and as their personal situation changes. Clients may impose restrictions on investing in certain securities or types of securities if they so wish. Clients may choose a discretionary account or a non-discretionary account. A discretionary account allows the investment manager to rebalance and make changes to the clients account according to their IPS without having express consent each time. A non-discretionary account requires that a client give express permission prior to any changes, modifications of trades are done in their account. AFS has $ 337,302,363 in discretionary accounts as of 12/31/2023 AFS has $ 39,442,360 in non-discretionary accounts as of 12/31/2023