# Adirondack Asset Management

Adirondack Asset Management is a Multi Family Office based in Lake Placid, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Lake Placid, United States
- **Region:** North America
- **Address:** Lake Placid, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** adkasset.com

## Regulatory record

- **Reports private funds:** No

## About

Adirondack Asset Management functions as a multi-family office headquartered in Lake Placid. Douglas L. Hoffman serves as partner. The firm was previously co-owned by Hoffman along with Greg Fetters and Ashleah Mayberry until the 2021 transaction. Investment activity spans private equity, real estate, distressed situations and secondaries. Stages range from buyout to late stage. Geographic exposure stays within North America. Sector focus includes healthcare services alongside commercial real estate and energy assets. Team size and AUM figures are not publicly stated. Philanthropic vehicles linked to the firm include the HobbleJog Foundation. Long Run Wealth Advisors completed the acquisition of Adirondack Asset Management in 2021.

## Sectors

- Healthcare Services

## People

- Douglas L. Hoffman — Partner

## Questions

### Who runs investment decisions at Adirondack Asset Management?

Douglas L. Hoffman is listed as partner. Prior co-owners Greg Fetters and Ashleah Mayberry transitioned after the 2021 acquisition.

### What asset classes does Adirondack Asset Management deploy into?

The firm allocates across private equity, real estate, distressed and turnaround situations, and secondaries.

### How is Adirondack Asset Management structured relative to Long Run Wealth Advisors?

Long Run Wealth Advisors acquired Adirondack Asset Management in 2021. Kevin Brady and Charlie Cowan are co-founders of the acquiring firm.

### Does Adirondack Asset Management maintain philanthropic structures?

The HobbleJog Foundation and The Tina LeClair Memorial Foundation are linked to the firm in available records.

## Related profiles

- [AD Investment Management](https://altss.com/profile/ad-investment-management)
- [Adirondack Capital Advisors](https://altss.com/profile/adirondack-capital-advisors)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/adirondack-asset-management

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology