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Long Run Wealth Advisors
Founded in 2015 by principals Kevin Brady and Lynn Magnus, Long Run Wealth Advisors opened as a fiduciary-focused registered investment adviser in Lake Placid,...
Long Run Wealth Advisors
Founded in 2015 by principals Kevin Brady and Lynn Magnus, Long Run Wealth Advisors opened as a fiduciary-focused registered investment adviser in Lake Placid, New York. The firm built its client base serving families, individuals, retirees, business owners, nonprofits, and endowments, operating from a single office at 55 Barn Road. A seven-person team — including Financial Advisor Christopher Miller and Director of Client Planning and Strategy Kaila E. Kelleher — delivered personalized financial planning and asset management, emphasizing the application of CFA and CFP disciplines. Long Run's investment approach integrates traditional portfolio management with sustainable investing strategies, supported by planning services that span retirement, tax, trust, estate, and charitable giving. The firm operates through Raymond James's independent advisor platform, giving it access to institutional research, custody, and a broad investment product shelf. Publicly available materials point to a mix of equities, fixed income, and alternative investments tailored to client risk tolerances, though specific portfolio holdings or direct deal activity are not disclosed. Client types identified on the website include endowments and foundations, suggesting some institutional allocation work. The firm became part of Mercer Advisors, as noted prominently on its website. Mercer Advisors, a national wealth management firm with substantial scale, acquired the practice, adding Long Run's Lake Placid client relationships and planning expertise to its national network. The exact date of the transaction is not publicly disclosed, but the integration announcement appears current, indicating the merger occurred or finalized in 2025 or early 2026. The team retains its Lake Placid presence under the Mercer Advisors banner while gaining access to expanded estate planning, tax, and investment resources. What structurally distinguishes Long Run is not its origin but its absorption into a larger RIA consolidator — the practice now operates as an outpost of a nationally scaled fiduciary while maintaining local branding and advisor continuity. This hybrid model preserves personal client relationships in a geographically focused market while solving for the succession and back-office scaling challenges that often constrain boutique advisory firms.
General information
Firm type
Bank / Wealth / Trust
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lake Placid
Corporate office
55 Barn Road Suite 206, Lake Placid, NY 12946-1051, United States
Principals
Kevin M. Brady
Principal, Financial Advisor
Lynn Magnus
Principal, Financial Advisor
Christopher Miller
Financial Advisor
Kaila E. Kelleher
Director of Client Planning and Strategy
Sector focus
Frequently asked questions
Who runs investment decisions at Long Run Wealth Advisors?
Principal and Financial Advisor Kevin Brady leads investment decision-making alongside Principal Lynn Magnus. Both hold the Series 7 and 66 registrations, and the team includes a Director of Client Planning and Strategy, Kaila Kelleher, who coordinates wealth planning flows. The firm operates under the fiduciary standard typical of a Registered Investment Adviser.
How does Long Run integrate with Raymond James?
Long Run Wealth Advisors uses Raymond James as its broker-dealer and custodian. This gives the firm access to Raymond James's investment research, portfolio management technology, and product shelf while allowing Long Run to maintain independent fiduciary advice. The signage and communications note Raymond James's 1962 founding, reflecting a long-standing platform relationship.
What prompted the merger with Mercer Advisors?
The merger with Mercer Advisors provides Long Run's Lake Placid team with expanded national resources in estate planning, tax strategy, and investment management while solving for succession and back-office scale. Mercer Advisors is a large national RIA consolidator, and the union enhances client tools and planning depth without displacing the existing advisor team.
Does Long Run work with institutional clients or only individuals?
Long Run serves families, individuals, retirees, business owners, nonprofits, endowments, and foundations. The inclusion of endowments and foundations indicates some institutional asset management activity, though the firm's marketing and team composition skew heavily toward personal financial planning for high-net-worth individuals.
What is Long Run's approach to sustainable investing?
Long Run lists 'Sustainable Investing' as a discrete service alongside traditional investment management. The firm builds portfolios that incorporate environmental, social, and governance factors according to client preferences, applying a personalized rather than off-the-shelf framework. Specific ESG screens, ratings, or underlying fund managers are not publicly disclosed.
How is the team compensated?
Long Run operates as a fee-based fiduciary under the RIA model; compensation is described publicly as being aligned with client outcomes. Like most Raymond James-affiliated RIAs, fees are typically asset-based and may include hourly or project-based planning engagements. The firm explicitly states that it does not settle for 'off-the-shelf' programs, suggesting tailored fee arrangements per client mandate.
What is the firm's geographic reach?
The primary office is located at 55 Barn Road, Suite 206, Lake Placid, New York, serving the Adirondack region. With the Mercer Advisors merger, the firm effectively extends its reach to Mercer's national footprint, while the Lake Placid team continues to serve local clients. No other standalone offices are listed.
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