Landsberg, Bennett, & Dubbaneh LLC (Punta Gorda)

Name: Landsberg, Bennett, & Dubbaneh LLC
Address: 252 West Marion Avenue, Punta Gorda, FL, 33950
Telephone: 941-391-8000

Landsberg, Bennett, & Dubbaneh LLC is a large advisory firm based in Punta Gorda. It manages $556.82 million of regulatory assets for 1,774 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, Florida, and 14 other states.

Landsberg, Bennett, & Dubbaneh provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Landsberg, Bennett, & Dubbaneh: assets under management

The assets under management (AUM) of Landsberg, Bennett, & Dubbaneh LLC is $556.82 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $398.77 million in discretionary accounts and $158.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $343.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $258.24 thousand.

Landsberg, Bennett, & Dubbaneh has custody of $61.01 million in cash and securities for 224 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Landsberg, Bennett, & Dubbaneh LLC 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 Landsberg, Bennett, & Dubbaneh serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Landsberg, Bennett, & Dubbaneh is high net worth individuals with 173 clients and $419.91 million of assets under management. Among the 9 most similar advisory firms, Landsberg, Bennett, & Dubbaneh has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $542.31 million for 484 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.

Landsberg, Bennett, & Dubbaneh doesn't advise any private funds.

Careers at Landsberg, Bennett, & Dubbaneh LLC

The company employs 12 people that are either part- or full-time employees. 67 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 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
Llc L Benn	Member	1 Jun 2012	25% - 50%	45-5379845
Llc A Dubb	Member	1 Jun 2012	Other	45-5367449
Llc Mwl Land	Member	1 Jun 2012	50% - 75%	45-5379264
Lewis Cass Bennett	Manager	1 Jun 2012	Other	3131659
Michael William Landsberg	Manager	1 Jun 2012	Other	2174120
Debra Ann Cooper	Chief compliance officer	1 May 2018	Other	4728960

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Charles Dubbaneh	Member	1 Jun 2012	75% - 100%	5474444

Based in Punta Gorda

The principal office where Landsberg, Bennett, & Dubbaneh LLC performs its advisory services is located at 252 West Marion Avenue, Punta Gorda, FL 33950, 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 941-391-8000 or by fax 941-391-8021. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at landsbergbennett.com and its LinkedIn profile.