Lmcg Investments, LLC is a large advisory firm based in Boston. It manages $6.99 billion of regulatory assets for 1,330 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Lmcg Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Lmcg Investments, LLC is $6.99 billion. The firm's AUM has grown by 17% since the beginning of its operation, and $522.26 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Lmcg Investments, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lmcg Investments is investment companies with 11 clients and $1.92 billion of assets under management. Among the 10 most similar advisory firms, Lmcg Investments has the 3rd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $6.99 billion for 2,184 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.
Lmcg Investments also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
The company employs 64 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jeffrey Parker Davis has served as the Chief Investment Officer since 1 Jul 2009. Christopher J. Carey joined the executive team most recently as the Board Member.
The principal office where Lmcg Investments, LLC performs its advisory services is located at 200 Clarendon St., Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-380-5600 or by fax 617-380-5598. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at lmcg.com and its LinkedIn profile.