Lanham Odell & Co Inc (Hurricane)

Name: Lanham Odell & Co Inc
Address: 3981 Teays Valley Rd, Hurricane, WV, 25526 9080
Telephone: 304-757-8131

Lanham Odell & Co Inc is a large advisory firm based in Hurricane. It manages $588.83 million of regulatory assets for 861 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Florida, Illinois, and 11 other states.

Lanham Odell & provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lanham Odell &: assets under management

The assets under management (AUM) of Lanham Odell & Co Inc is $588.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 141% since the beginning of its operation, and $1.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $588.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $683.89 thousand each.

Lanham Odell & has custody of $40.94 million in cash and securities for 105 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 59% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lanham Odell & Co Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Wayne Lanham serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David Wayne Lanham is high net worth individuals with 243 clients and $387.83 million of assets under management. Among the 12 most similar advisory firms, Lanham Odell & has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $588.83 million for 861 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lanham Odell & doesn't advise any private funds.

Careers at Lanham Odell & Co Inc

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Wayne Lanham has been acting as President since 1 Jul 1981. Mary Casey O'dell Dixon joined the executive team most recently as the Executive Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Lowell Williams	Executive director	1 Jan 1981	Other	822797
David Wayne Lanham	Chairman	1 Jul 1981	25% - 50%	804808
Robert Lewis O'dell	President	1 Jul 1981	50% - 75%	804809
Robert Lewis Odell	President	1 Jul 1981	25% - 50%	804809
Nancy Groves Smith	Vice president	1 Nov 1986	Other	1530044
David Lowell Williams	Executive vice president	1 Feb 1987	Other	822797
Sharon Ardith Lantz	Chief compliance officer	1 Oct 2004	Other	3150159
Patrick Sean Mayberry	Executive director	1 Mar 2007	Other	2626784
Mary Casey O'dell Dixon	Executive director	1 Jan 2013	Other	4435815

Based in Hurricane

The principal office where Lanham Odell & Co Inc performs its advisory services is located at 3981 Teays Valley Rd, Hurricane, WV 25526 9080 The mailing address of the firm is Po Box 537, Hurricane, WV 25526 0537. An additional office of the firm is in Jupiter, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 304-757-8131 or by fax 304-757-8333. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at lanhamodell.com and its LinkedIn profile.