Private Client Asset Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Private Client Asset Management provides fee-based investment advisory and financial planning services to individual clients — including high-net-worth individuals — as well as trusts, estates, charitable organizations, businesses and pension plans. The firm manages client portfolios on a discretionary basis and also offers hourly and fixed-fee planning engagements in addition to asset-based advisory arrangements.
The firm’s investment approach centers on tactical asset allocation intended to reduce risk and seek improved performance, combining fundamental and quantitative analysis across equities, fixed income, mutual funds and cash instruments. PCAM generally favors long-term, buy-and-hold positions while also using rebalancing, concentrated stock selections, and cash positions as potential hedges or tactical overlays depending on client objectives.
PCAM’s brochure discloses a prior FINRA-related regulatory matter involving a registered representative that resulted in sanctions, which is included in the firm’s disciplinary disclosures. The firm’s representatives are also registered with a broker-dealer and licensed to sell insurance and provide tax-preparation services, arrangements the brochure identifies as potential conflicts of interest and describes procedures to mitigate.
Client services
Expertise
Fee options
Fixed fees range from $1,500 to $5,000 for quarterly reviews or financial consulting services
1.00% annually
Clients may incur commissions for securities transactions when using investment advisory representatives in their capacity as registered representatives; less than 50% of revenue from advisory clients results from commissions.
$150 per hour, negotiable
Main office
4190 Sunrise Highway
Massapequa NY 11758
Advisors at this office
2
Most active in
California · Florida · Illinois · New Jersey · New York · Texas · Virginia
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.
Quick links
Advisors at this firm
Joseph D
CFP®, ChFC®, Series 63, Series 66
Massapequa, NY
Private Client Asset Management, Inc.
Joseph Downey is a CFP® and ChFC® with 26 years of experience in financial advisory services. He is the president of Private Client Asset Management, Inc., where he has worked since 2008, and previously held positions at American Portfolios Financial Services, Inc. and Annuity Express Brokerage. In addition to his advisory role, he is involved in tax preparation and the sale of fixed insurance products. Private Client Asset Management offers fee-based investment advisory and financial planning services to individuals, trusts, estates, charitable organizations, businesses, and pension plans. The firm employs a tactical asset allocation strategy that combines fundamental and quantitative analysis, generally favoring long-term, buy-and-hold positions while using rebalancing and tactical overlays based on client objectives.
Todd D
CFP®, Series 63, Series 66
Massapequa, NY
Private Client Asset Management, Inc.
Todd Dudonis is a financial advisor with Private Client Asset Management, Inc., holding CFP® certification and Series 63 and 66 licenses. He has 28 years of industry experience, including prior roles at American Portfolios Financial Services Inc. and OSAIC. In addition to his advisory work, Dudonis provides tax preparation services on a part-time basis. Private Client Asset Management offers fee-based investment advisory and financial planning services to individuals, trusts, estates, charitable organizations, businesses, and pension plans. The firm’s investment strategy emphasizes tactical asset allocation that combines fundamental and quantitative analysis, focusing on long-term buy-and-hold positions supplemented by rebalancing and tactical overlays to align with client objectives.
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