Lwm Advisory Services, LLC (Plantation)

Name: Lwm Advisory Services, LLC
Address: 1250 S. Pine Island Road, Plantation, FL, 33324
Telephone: 954-474-7100

Lwm Advisory Services, LLC is a large advisory firm based in Plantation. It manages $284.1 million of regulatory assets for 1,203 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Georgia, and 6 other states.

Lwm Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lwm Advisory Services: assets under management

The assets under management (AUM) of Lwm Advisory Services, LLC is $284.1 million. The firm's AUM has grown by 239% since the beginning of its operation, and $25.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $273.07 million in discretionary accounts and $11.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $248.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $105.09 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lwm Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Lwm Advisory Services 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 Lwm Advisory Services is individuals with 656 clients and $131.66 million of assets under management. Among the 7 most similar advisory firms, Lwm Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $284.1 million for 752 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Lwm Advisory Services doesn't advise any private funds.

Careers at Lwm Advisory Services, LLC

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Legacy Wealth Management Inc.	Member	1 Jun 2014	75% - 100%	65-0732128
Tony Edward Dubose	Manager, cco	1 Jun 2014	Other	2600996

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tony Edward Dubose	Shareholder, president	1 Apr 1997	75% - 100%	2600996
Tony Edward Dubose	Trustee	1 Jan 2016	75% - 100%	2600996
Tony E. Dubose Declaration Trust	Shareholder	1 Jan 2016	75% - 100%	55-5555555

Based in Plantation

The principal office where Lwm Advisory Services, LLC performs its advisory services is located at 1250 S. Pine Island Road, Plantation, FL 33324, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 954-474-7100 or by fax 954-474-7399. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at lwmfl.com.