Penfield, NY Office
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Cambridge Investment Research Advisors
Institution
Firm-wide stats for Cambridge Investment Research Advisors
About
Cambridge Investment Research Advisors, Inc. serves a broad mix of individual and institutional clients — including pension and charitable organization clients — by providing financial planning, ongoing investment management, retirement-plan advisory, and wrap-fee programs. The firm operates through thousands of Financial Professionals and manages a multi‑billion dollar asset base while offering account implementation across multiple platforms and custodians.
The firm supports both discretionary and non‑discretionary management via platforms described in the brochure (CMAP, FlexMAP and the WealthPort wrap program), offers access to unaffiliated third‑party advisers and sub‑advisors, and maintains proprietary model strategies under the Founders Gate Capital brand. The brochure also notes some Financial Professionals offer tactical services such as market‑timing strategies and that a subset of advisers maintain outside professional practices (including accounting and legal services) and may refer clients to those practices.
Notable distinctions in the brochure include the firm’s development and distribution of affiliated model strategies (Founders Gate Capital), with disclosed strategist fees and related conflict‑of‑interest procedures, and detailed governance around platform and third‑party relationships. The brochure also discloses recent regulatory matters — including an SEC consent with restitution and penalties totaling approximately $13.2 million (2025) and a Delaware consent order with penalties and restitution of about $1.05 million (2026) — and describes supervisory and procedural changes the firm has put in place.
Expertise
Location
481 Penbrooke Dr., Ste. 4 B
Penfield NY 14526
Advisors at this office
3
Advisors at this office
Kyle M
CFP®, Series 66
Penfield, NY
Cambridge Investment Research Advisors
Kyle Mcdermott is a CFP® with 15 years of industry experience, currently with Cambridge Investment Research Advisors since 2021. His prior roles include positions at Mass Mutual Investors Services and Axa Advisors, Llc. Outside of his advisory work, he is involved as an agent in fixed insurance and Medicare sales. Cambridge Investment Research Advisors, Inc. serves individual and institutional clients, including pension and charitable organizations, offering financial planning, investment management, and retirement-plan advisory services. The firm manages a multi-billion dollar asset base through a large network of financial professionals and provides access to both proprietary and third-party investment strategies.
Matthew M
Series 63, Series 66
Penfield, NY
Cambridge Investment Research Advisors
Matthew Merola is a financial advisor with Cambridge Investment Research Advisors in Penfield, NY, holding Series 63 and Series 66 licenses and seven years of industry experience. His prior roles include positions at Mass Mutual Life Insurance Company, AXA Advisors, and the Syracuse New Times. He is also an author and educator active through Kindle Direct Publishing. Cambridge Investment Research Advisors serves a diverse client base, including individuals, institutions, pension funds, and charitable organizations, offering financial planning, investment management, retirement-plan advisory, and wrap-fee programs. The firm utilizes multiple platforms and proprietary model strategies while supporting both discretionary and non-discretionary management.
Emilio M
CFP®, Series 63, Series 65
Penfield, NY
Cambridge Investment Research Advisors
Emilio Monti Jr. is a CFP® professional with five years of industry experience, currently with Cambridge Investment Research Advisors. His prior roles include positions at Mass Mutual Investors Services and Mass Mutual Life Insurance Company. Outside of his advisory work, he is involved in independent insurance agency activities and provides paraplanning support for a separate wealth management firm. Cambridge Investment Research Advisors serves a diverse client base that includes individual, pension, and charitable organizations by offering financial planning, investment management, and retirement-plan advisory services. The firm operates through a large network of financial professionals and provides access to multiple platforms, third-party advisers, and proprietary model strategies.
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