Lederer & Associates Investment Counsel (Long Beach)

Name: Lederer & Associates Investment Counsel
Address: 5305 East 2 Nd Street, Long Beach, CA, 90803 5317
Telephone: 562-434-5305

Lederer & Associates Investment Counsel is a large advisory firm based in Long Beach. It manages $187.18 million of regulatory assets for 74 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Lederer & Associates Investment Counsel 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.

Lederer & Associates Investment Counsel: assets under management

The assets under management (AUM) of Lederer & Associates Investment Counsel is $187.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $187.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.53 million each.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 24% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lederer & Associates Investment Counsel for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Lederer & Associates Investment Counsel serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Lederer & Associates Investment Counsel is high net worth individuals with 44 clients and $143.93 million of assets under management. Among the 9 most similar advisory firms, Lederer & Associates Investment Counsel has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $187.18 million for 74 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lederer & Associates Investment Counsel doesn't advise any private funds.

Careers at Lederer & Associates Investment Counsel

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ral Holdings	Holding company	1 Jan 1986	75% - 100%	33-0208207
Richard Allen Lederer	Cio, ceo, chm	1 Jan 1986	75% - 100%	4383533
Nancy Leigh Bailey	Secretary	1 Jun 2000	Other	4383543
Darin Wynn Bemis	Chief compliance officer	1 Apr 2004	Other	2250447
Brian Christopher Byrne	Operations administrator	1 Apr 2013	Other	6260707

Based in Long Beach

The principal office where Lederer & Associates Investment Counsel performs its advisory services is located at 5305 East 2 Nd Street, Long Beach, CA 90803 5317, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 562-434-5305 or by fax 562-434-5306. The normal business hours are 7am-4pm on Monday - Friday. You can find more information about the New York firm at lederer-associates.com.