Niles Asset Management, Inc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$90,077,224
Clients
387
Advisors
3
of 3 employees
About
Niles Asset Management is a fee-only investment adviser that provides personalized financial planning and investment supervisory services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and small businesses; the firm’s client list also includes banking or thrift institution clients. Services described in the brochure include ongoing portfolio management, comprehensive financial planning, tax-preparation work, retainer and hourly planning engagements, and periodic publications and reports.
The firm manages about $96 million in client assets primarily on a discretionary basis and follows a strategic asset-allocation framework using a core-and-satellite approach — passively managed index and ETF positions as the core with selectively chosen active funds in satellite allocations — and implements trades through discount custodians and fund companies. Account reviews are performed at least annually (with more frequent reviews as conditions warrant), and advisory clients receive written quarterly updates that may include net worth and portfolio statements.
Niles is notable among peers for explicitly serving banks and thrift institutions in addition to typical individual and institutional clients, a client type that is uncommon for firms of this size. The brochure also emphasizes the firm’s strict fee-only model (no commissions or product sales), a range of engagement structures beyond percentage-of-AUM billing (including fixed retainer and hourly work), and a policy that clients retain responsibility for voting their own proxies unless assistance is requested.
Client services
Expertise
Occupation focus
Fee options
Retainer agreements range from $13,000 to $30,000 annually, negotiable; financial planning minimum fee $100, negotiable
$0 - $10,000: 1.25% minimum annual fee (fee may be higher percentage for smaller accounts) $10,001+: 1.25% on equity/balance; 1.00% on fixed income (fees are negotiable)
$100 per hour for follow-on financial planning implementation and limited scope engagements; $125 per hour for separate tax preparation
Account minimum: $100,000 Minimum fee: Minimum annual fee of 1.25% of assets under management, with account minimum of $100,000; minimum annual fee charged when account value falls below $10,000 Fee-only: Fee-only financial planning and investment management; no commissions accepted
Main office
Brushton NY
Advisors at this office
3
Most active in
New York
Also doing business as
Niles Asset Management, Inc · Niles Asset Management, Inc. · Niles Wealth Management, Inc
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Ryan N
Series 65
Brushton, NY
Niles Asset Management, Inc
Ryan Niles is a financial advisor at Niles Asset Management, Inc., holding a Series 65 designation. He has over 20 years of experience with the firm and has been affiliated with Clarkson University since 2017. Niles Asset Management is a fee-only investment adviser serving individuals, institutions, and banks, offering personalized financial planning and portfolio management. The firm employs a strategic core-and-satellite asset allocation approach and manages approximately $96 million in client assets, with a focus on discretionary management and a variety of engagement structures.
Terry N
CFP®
Brushton, NY
Niles Asset Management, Inc
Terry Niles is a CFP® professional with 35 years of experience at Niles Asset Management, Inc. He is based in Brushton, NY. Outside of his advisory work, he owns and supervises operations at Niles and Sons, LLC, which includes a restaurant. Niles Asset Management provides personalized financial planning and investment management to individuals, trusts, estates, charitable organizations, pension plans, and small businesses. The firm employs a core-and-satellite investment approach and offers a variety of engagement structures without accepting commissions.
Graham N
Series 65
Brushton, NY
Niles Asset Management, Inc
Graham Niles is a Series 65-licensed financial advisor at Niles Asset Management, Inc. with 11 years of industry experience. He has been with Niles Asset Management since 2015. Niles Asset Management provides personalized financial planning and investment management to a diverse client base, including individuals, trusts, estates, charities, pension plans, small businesses, and banks. The firm uses a core-and-satellite investment approach and offers a range of engagement options beyond typical asset management, such as fixed retainers and standalone planning or tax services.
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