Sovereign Asset Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Sovereign Asset Management provides discretionary portfolio management and financial planning to high‑net‑worth and other individual clients as well as corporations and businesses. The firm oversees roughly $176 million in discretionary assets across about 350 client relationships and operates with two primary advisors.
The firm’s investment approach emphasizes broadly diversified, systematically constructed portfolios using mutual funds, exchange‑traded funds and selected equities, with target asset allocations, periodic rebalancing and fundamental analysis informed by third‑party research such as Morningstar. Client work begins with an in‑depth fact‑finding process and industry software to align portfolios with each client’s risk tolerance and goals, and the firm may engage unaffiliated third‑party managers to implement strategies.
What distinguishes the firm from many peers is that the principals are licensed to sell fixed insurance products and the firm earns commissions from those sales, a disclosed potential conflict alongside its fee‑based advisory business. Sovereign also uses direct billing (deducting advisory fees from custodian accounts), declines to accept proxy‑voting authority, and relies on third‑party custodial and technology services and vendor relationships that the firm discloses and monitors.
Client services
Expertise
Fee options
$0 - $249,000: 2.50% $250,000 - $499,000: 2.25% $500,000 - $749,000: 2.00% $750,000 - $999,999: 1.75% $1,000,000 - $1,499,999: 1.50% $1,500,000 - and up: 1.25%
Insurance commissions received for fixed insurance products purchased through the firm
Up to $400 per hour for financial planning services
Fee-only: Financial planning services fees charged on an hourly basis up to $400 per hour
Main office
4043 Maple Road Suite 210 A
Amherst NY 14226
Advisors at this office
2
Most active in
Florida · New York · Texas
Also doing business as
Priority Financial Group · Sovereign Asset Management · The Money Men, 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 active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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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.
Advisors at this firm
David U
Series 63, Series 66
Amherst, NY
Sovereign Asset Management
David Ungaro is a financial advisor with Sovereign Asset Management in Amherst, NY, holding Series 63 and Series 66 licenses and bringing 35 years of industry experience. His career includes roles at Next Financial Group Inc and LPL Financial. Outside of advisory services, he is involved with The Money Men Inc, a business entity for tax and investment purposes. Sovereign Asset Management manages approximately $150.6 million for around 337 clients through a two-advisor team, offering discretionary portfolio management and financial planning primarily to high-net-worth individuals, corporations, and businesses. The firm employs a systematic investment approach centered on strategic asset allocation and efficient-frontier modeling, utilizing mutual funds, ETFs, and equities with periodic rebalancing.
Kenneth W
Series 63, Series 66
Amherst, NY
Sovereign Asset Management
Kenneth Wolf is a financial advisor with Sovereign Asset Management in Amherst, NY, holding Series 63 and Series 66 licenses and bringing 37 years of industry experience. His prior work includes roles at LPL Financial, Sovereign Asset Management, and Next Financial Group Inc. Outside of his advisory work, he has involvement with The Money Men, Inc. and Priority Financial Group. Sovereign Asset Management provides discretionary portfolio management and financial planning services to high-net-worth individuals, corporations, and businesses. The firm manages approximately $176 million in discretionary assets and employs a diversified, systematic investment approach using mutual funds, ETFs, and select equities tailored to client risk profiles and goals.
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