FSC Wealth Advisors

Francis S. Colavita, the firm's founder, serves as managing principal and directs both investment management and the tax practice. His CPA credential and financial-planning certifications anchor the firm's dual identity as a registered investment advisor and tax preparer. Clients interact primarily with Colavita on strategic decisions including concentrated-stock exits, estate-freeze techniques, and asset-location design.

FSC runs the tax return and the taxable portfolio inside the same firm. That integration eliminates the months-long lag between a December distribution and the following October's tax-surprise conversation. Direct-indexing sleeves, tax-loss harvesting plans, and the sequencing of charitable contributions are all executed against the client's actual projected marginal rate rather than generic modeling assumptions.

It operates as a multi-family office from its Fishkill base, serving business owners, retired executives, and their families across New York's Hudson Valley. The practice is deliberately size-limited to maintain Colavita's direct involvement in both planning and portfolio management, consistent with the high-touch model that CPA-led firms in the region have historically favored over asset-gathering scale strategies.

The firm evaluates private real estate and select private-equity offerings on a case-by-case basis when client liquidity, net worth, and tax situation warrant. It does not run its own in-house alternative vehicles; instead, it sources capacity from external operators and coordinates with estate counsel to fit such commitments into trust and entity structures. Core public-market assets are managed via ETFs, direct indexing, and outside separate-account managers.

The firm's client base skews toward Hudson Valley business owners, corporate executives with concentrated stock, and families navigating multi-generational wealth transfer. Many relationships come through referrals from estate-planning attorneys and accountants in Dutchess, Putnam, and Westchester counties. The minimum relationship size is not publicly disclosed, but the planning-intensive model implies portfolio complexities typically found above $2 million to $5 million in investable assets.

FSC operates as a fee-only registered investment advisor, charging based on a percentage of assets under management. The concurrent tax-preparation service represents a separate fee, fully disclosed to clients. There is no indication of a broker-dealer affiliation, commission-based product sales, or soft-dollar arrangements — consistent with the fiduciary posture Colavita has maintained in public-disclosure filings.

The relevant competitive set includes other CPA-RIA hybrids and boutique multi-family offices in the Mid-Hudson region. National aggregators, bank trust departments, and wirehouse private-wealth groups offer adjacent services but typically operate with separated tax and investment functions. FSC's integrated model appeals to families who have experienced coordination failures across providers and want a single point of responsibility for their financial statements and tax filings.