Fiorile Financial Advisory Group

Our Community

Surrounded by mountains, lakes and beauty, our office (known as the Fiorile Building) is a late 1800's Victorian Mansion that showcases breathtaking handcrafted, detailed woodwork throughout the building.  Recognized throughout the Village by its bright red tiled rooftop and its generous wrap-around porch, our building's view of Lake Flower can be seen in this photograph.  (Photograph is of Kiwassa Road from Lake Flower, Village of Saranac Lake, New York.  Photographer is Mr. John Eldridge. Copyright 2011.  All rights reserved.)    

Our staff and our tenants all live and work in this resort region of the Adirondacks, with beautiful Saranac Lake having a very rich history in healing and healthy living.  Well known for curing tuberculosis in the 1800's and early 1900's, Saranac Lake is famous for its "cure cottages," which attracted patients, physicians, scientists and visitors from around the world.  Saranac Lake was (and still is) reputed to have rejuvenating air quality coupled with the aroma of pine and balsam, which was (and still is) thought to have healing qualities.  For those seeking solitude, peace and serenity, Saranac Lake is reputed today as the place to stay for self-reflection, inspiration, spiritual connection and inner peace.  For this reason, many famous people have lived in Saranac Lake, NY.

For example, while living in Saranac Lake, Robert Louis Stevens wrote "Treasure Island."  While Mark Twain was living here, Mr. Twain wrote the "Double-Barreled Detective Story."   The great Hungarian composer Béla Bartók spent the last summer of his life in Saranac Lake, writing two pieces, his Third Piano Concerto and his Viola Concerto.  The cartoonist Garry Trudeau, who draws the Doonesbury comic strip, was raised in Saranac Lake.  And, Albert Einstein had a summer cottage here and was frequently seen in his canoe on Lake Flower fishing for his favorite local cuisine, Bullheads!  Among several United States Presidents who have frequented Saranac Lake is President Calvin Coolidge and President Bill Clinton.  

Nicknamed as the "Capital of the Adirondacks," Saranac Lake is ranked 11th in the United States in The 100 Best Small Towns in America.  Saranac Lake was also named as an All-America City in 1908, and is named as one of the Dozen Distinctive Destinations by the National Trust for Historic Preservation.  In fact, 186 buildings in our village are listed on the National Register of Historic Places.

Most recently, National Geographic featured Saranac Lake, NY in its July 2012 publication.

Our Philosophy

The cultural effect of living, working, playing and raising our families in this Adirondack community is evident in our business practices, as well.  Rather than treating the symptoms of your organization’s financial challenges, the Fiorile Financial Advisory Group applies a holistic approach.  

The totality of our organization encompasses four key critical areas that are essential to your financial health. Whether you are a retiree concerned about how long your resources will last, an executive director of a non-profit organization concerned about the potential of losing funding, or a well-seasoned entrepreneur adversely affected by current economic challenges, the Fiorile team handles all components of what it takes to achieve the results you require.  

Our ensemble of professionals provides a diverse perspective and wide range of solutions to addressing the problem areas of your business or organization, threats to your goals, and obstacles to you attaining your bottom line.  From soup-to-nuts, from posting your weekly transactions and payroll to preparing your audited financial statements, all of your financial and business needs are available to you by the Fiorile Financial Advisory Group.  

"Please feel free to call me at 518-891-3290 for an initial 20-minute telephone consultation to explore how our firm can help you. There is absolutely no charge and no obligation."

Joseph E. Fiorile, CPA, PFS

Once we are selected by you to be your full-service accounting firm, we begin by:

 ·       clearly establishing the primary and secondary objectives of your business or organization

 ·       applying our internal SWORT Analysis to determine:

STRENGTHS

WEAKNESSES

OPPORTUNITIES

RESOURCES

THREATS

 ·       We then prepare a written plan detailing:

 WHAT

 WHEN specific steps will be achieved

 HOW certain benchmarks will measure results 

 WHY

Regardless of the size of your business, organization or personal portfolio, whether you are local or hundreds of miles away, the Fiorile Financial Advisory Group is committed to finding ways to help you successfully achieve your objectives.  That’s our bottom line.

Mr. Fiorile has been practicing in Saranac Lake, NY since 1987 and the owner of his own accounting and advisory practice since 1999. Prior to his move to Saranac Lake, NY, Mr. Fiorile worked for a large accounting firm in New York City, M. R. Weiser and Co., CPA’s.  (now WeiserMazars, LLP) 

During the years, Mr. Fiorile has been engaged in the following practice areas, among others:

• All areas of individual taxation
• Alternative Minimum Tax matters
• Partnership taxation
• All types of corporate taxation, including extensive S corporation issues
• Estate, trust and gift tax matters
• Several industries including cable television, real estate and non-profit entities
• All manners of self-employment situations
• All levels of attest services for various types of entities; audits, etc.
• Business consulting such as succession planning, buy-sell agreements and profitability analysis
• All components of financial planning
• Portfolio management (investment assets custody – TD Ameritade Institutional) 

Mr. Fiorile has combined the various components that the firm has practiced in, and combined with other professionals, formed the Fiorile Financial Advisory Group. The objective is to have a comprehensive entity that can deliver a high-level to many different current and future clients.

EDUCATION | CREDENTIALS

B.S. in Accounting, SUNY Utica

B.A. in English, SUNY Brockport

A. A. in Liberal Arts, Mohawk Valley Community College

Certified Public Accountant

PFS designation (Personal Financial Specialist); American Institute of CPA’s accredited financial planner

Registered Investment Advisor (through Fiorile & Associates, LLC); registered with the SEC and NYS

PROFESSIONAL AFFILIATIONS

American Institute of Certified Public Accountants

New York State Society of Certified Public Accountants

COMMUNITY SERVICE

Served on the Finance Council of St. Bernard's Church

Local representative of PAL Youth Football League

Coached several local youth sports

Past President Saranac Lake Area Chamber of Commerce