Marathon Financial Advisors merges with Koenig & Selzer

DeWITT, N.Y. — Marathon Financial Advisors, Inc. has recently merged with Koenig & Selzer Asset Management Group.

Marathon Financial didn’t release any financial terms in a news release announcing the deal.

Marathon Financial Advisors operates at 6316 Fly Road in DeWitt. The Koenig & Selzer firm previously was located at 134 Stanwood Lane in Manlius, according to its LinkedIn page. 

That office has closed, Marathon Financial said in an email message following a BJNN inquiry.

Marathon Financial now has nine employees, including four advisors and five support staff. Jon Selzer, Harvey Koenig, and three support staff now work at Marathon’s Fly Road office, the firm said in the email.

The combined firm serves more than 2,000 Central New York families, manages more than $250 million in assets, “approaching $5 billion in insurance risk,” and provides employee benefits to more than 100 companies, according to the Marathon Financial news release.

The principals involved — including Mary Ann Pierce, Selzer, and Koenig — “have known each other for nearly 20 years,” the release stated.