Lwi Financial Inc. is a large advisory firm based in San Jose. It manages $17.22 billion of regulatory assets for 25,748 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Lwi Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. 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 Lwi Financial Inc. is $17.22 billion. The firm's AUM has grown by 673% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Lwi Financial Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Lwi Financial is individuals with 23,601 clients and $9.97 billion of assets under management. Among the 6 most similar advisory firms, Lwi Financial has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $14.32 billion for 25,729 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.
Lwi Financial doesn't advise any private funds.
The company employs 118 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. 41 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.
Howard Hoa Lee joined the executive team most recently as the Chief Operating Officer.
The principal office where Lwi Financial Inc. performs its advisory services is located at 10 Almaden Blvd., San Jose, CA 95113, which is also the mailing address of the firm. An additional office of the firm is in Sacramento, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-366-7266 or by fax 669-400-8550. 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 loringward.com.