AS
ChFC

Andrew James Swartwout

30 Years of Experience

Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
16 advisors
Number of Clients
1,930 clients
Average Client Portfolio
$169K average
Assets Under Management
$326.6M

Fee Structure

Investment management fees range from 0.0% to 2.00% annually, based on the complexity of services, level of assets, and overall relationship. Fees are negotiable. Clients may also pay advisory fees to Independent Managers, with the total fee not exceeding 3% annually. For selection of other advisors through a solicitor arrangement, Silver Grove shares in the advisory fee paid by the client directly to the third-party money manager. Financial planning fees may be higher if an estate planning or tax preparation package is needed.

Areas of Practice
Investment ManagementRetirement PlanningEstate PlanningFinancial Planning & Coaching
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Advisor Information

Office location

400 Sterling Drive, Orchard Park, NY, 14127

Get directions
Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
January 2004
Denied
Other Business ActivitiesSells Insurance

Andrew operates Swartwout Financial Management as a DBA for his LPL business and provides investment advisory services through Silver Grove Financial Group, Inc., dedicating nearly full-time hours to these activities. He also serves as an agent for non-variable insurance through Specific Solutions, spending a few hours per week on this.

Employment History
Current Registrations
Silver Grove Advisory Services
August 2021 - Present · 4 yrs 5 mos
LPL Financial LLC
November 2017 - Present · 8 yrs 2 mos
LPL Financial LLC Broker
November 2017 - Present · 8 yrs 2 mos
Previous Registrations
M&t Securities, INC.
January 2017 - November 2017 · 10 mos
M&t Securities, INC.Broker
August 1996 - November 2017 · 21 yrs 3 mos
Princor Financial Services Corporation Broker
May 1995 - July 1996 · 1 yr 2 mos
L.C. Wegard & Co., INC.Broker
May 1994 - October 1994 · 5 mos
State Registrations4 states
AZNYPAVA
AdvisorBrokerBoth
Exams
No exam information available for this advisor.