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Seneca Financial Advisors LLC

Multifamily office listing in Rochester, New York, United States.

SEC-registered

Regulatory AUM: $847 million
Employees: 19
Clients: 251-500
SEC CRD: 152824

Seneca Financial Advisors provides comprehensive wealth management for high-net-worth individuals and multigenerational families, combining financial planning, investment management, and coordination with outside professionals.

Overview

Seneca describes itself as an independent, fiduciary Registered Investment Advisor whose compensation comes solely from clients rather than commissions or product sales. The firm provides financial planning, tax planning, investment management, and investment consulting services for retail investors.

Leadership

The leadership team includes Stephen G. Green, Partner and Chief Executive Officer; Scott M. Lefebre, CPA/PFS, Partner and Managing Director of Business Development; Matthew J. Darcy, CFA, Partner and Chief Investment Officer; Zachary R. Erskine, CFP®, Partner and Senior Wealth Advisor; Kimberly S. Merry, Partner and Business Manager; Kathy Mezei Raabe, CFP®, Partner and Senior Wealth Advisor; and Christina A. Larkin, CPA, CFP®, Director of Tax.

Services

Seneca provides investment management, tax planning and compliance, retirement planning, employee benefits planning, insurance advice, education planning, and estate and gift planning. Its retirement planning work considers Social Security, pensions, savings, investments, insurance, taxes, estate planning, and projected spending needs.

What the firm offers

Investment management
Financial planning
Tax planning
Estate planning
Trust and fiduciary
Risk and insurance
Retirement planning

Client Focus

The firm focuses on high-net-worth individuals and multigenerational families while also describing its advisory services for retail investors. Its planning model connects investment decisions with each client’s broader financial circumstances and goals.

Approach

Seneca combines financial planning with investment management and coordinates with attorneys, accountants, insurance professionals, and other advisers. The firm uses an open-architecture platform and builds portfolios with separate account managers, mutual funds, and exchange-traded funds. Its investment process emphasizes long-term performance, tax efficiency, risk control, and alignment with each client’s broader financial plan.

Registration and Minimums

The SEC’s Investment Adviser Public Disclosure record lists Seneca Financial Advisors LLC as a registered investment adviser, effective February 8, 2010. The firm’s relationship summary states that it has no required minimum investment amount for establishing an account managed by Seneca.

Seneca reports annual fixed fees, hourly fees, and percentage-of-assets-under-management fees.

By the numbers

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 152824. As of September 1, 2026.

Regulatory assets under management
Year	Regulatory AUM	Discretionary	Non-discretionary
2016	$236 million	$191 million	$44 million
2017	$261 million	$223 million	$38 million
2018	$309 million	$262 million	$47 million
2019	$314 million	$270 million	$44 million
2020	$393 million	$332 million	$61 million
2021	$496 million	$436 million	$60 million
2022	$580 million	$504 million	$76 million
2023	$520 million	$462 million	$59 million
2025	$694 million	$606 million	$88 million
2026	$847 million	$740 million	$107 million

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 152824. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of September 1, 2026.

Average AUM per client
Year	Average AUM per client
2018	$2 million
2019	$2 million
2020	$2 million
2021	$2 million
2022	$2 million
2023	$2 million
2025	$2 million
2026	$2 million

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 152824. "<5" means the firm reported fewer than 5 clients of that type. As of September 1, 2026.

Clients by type
Client type	Clients (2026)
Individuals	194
High net worth individuals	159
Corporations	5
Other	15

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 152824. As of September 1, 2026.

Employees reported on Form ADV
Year	Employees
2016	13
2017	12
2018	13
2019	14
2020	14
2021	17
2022	20
2023	19
2025	19
2026	19

Ranks #12 of 22 SEC-registered firms in NY on MultifamilyOffices.com by regulatory AUM.

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 152824. Ranking uses only firms profiled on MultifamilyOffices.com. As of September 1, 2026.

FAQs

What types of clients does Seneca Financial Advisors serve?

Seneca serves high-net-worth individuals and multigenerational families, and its relationship summary describes services for retail investors.

What services does Seneca provide?

Its services include investment management, tax planning and compliance, retirement planning, employee benefits planning, insurance advice, education planning, and estate and gift planning.

Does Seneca require a minimum investment?

The firm’s relationship summary states that it has no required minimum investment amount for establishing an account managed by Seneca.

LocationMultifamily offices in New York
This New York focused page helps compare how wealth management firms serve high net worth individuals and multigenerational families in the region. It can help a business owner consider whether services such as investment management, tax planning, retirement planning, and coordination with outside professionals fit local needs.
Network siteEstatePlanner.com
EstatePlanner.com offers practical guides on wills, trusts, and related estate matters. A family considering Seneca Financial Advisors can use these materials to identify questions about estate planning, trust structures, fiduciary roles, and coordination among financial, legal, and tax professionals.
GuideLife events that trigger a change
This page outlines life events that may prompt a review of financial arrangements, such as a business sale, inheritance, marriage, divorce, or retirement. It can help a family or business owner think about when to revisit investment management, insurance, tax planning, estate planning, and beneficiary decisions.
GuideWhen does a family need its own office
This resource helps families consider when their financial affairs may call for dedicated administrative and advisory support. Readers can compare their own needs, including multigenerational planning, trust oversight, investment management, risk planning, and coordination with outside professionals, before deciding whether a family office model is appropriate.
Similar firmsThe Abernathy Group II Family Office
Family Management Corporation
Summit Trail Advisors, LLC
These profiles provide additional points of comparison for readers reviewing family office and wealth advisory options. The Abernathy Group II Family Office, Family Management Corporation, and Summit Trail Advisors, LLC can help a family or business owner compare service areas, client focus, and approaches to investment, planning, and fiduciary support.

Sources

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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