Lang Advisors LLC (Covington)

Name: Lang Advisors LLC
Address: 15 West Fifth St., Covington, KY, 41011
Telephone: 859-888-0355

Lang Advisors LLC is a large advisory firm based in Covington. It manages $259.31 million of regulatory assets for 1,147 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Kentucky, Ohio, and Texas.

Lang Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lang Advisors: assets under management

The assets under management (AUM) of Lang Advisors LLC is $259.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 63% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $259.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.08 thousand each.

Lang Advisors has custody of $223.69 million in cash and securities for 349 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lang Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Lang Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lang Advisors is high net worth individuals with 88 clients and $136.73 million of assets under management. Among the 12 most similar advisory firms, Lang Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $254.67 million for 482 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.

Lang Advisors doesn't advise any private funds.

Careers at Lang Advisors LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 7 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
Robin Minto Lang	Trustee of stephan lang family trust	1 Dec 1985	Other	6776798
Tyler Selby Lang	Managing director and chief compliance officer	1 Aug 2013	25% - 50%	5128339
Stephan Graig Lang	Managing director	1 Aug 2013	25% - 50%	6241222
Stephan Lang Family Trust Dated 12/9/1985	Member	1 Aug 2013	25% - 50%	xxx-xx-xxxx
Stephan Lang	Managing director	1 Aug 2013	25% - 50%	6241222
Evan Bryan Lang	Managing director	1 Nov 2013	25% - 50%	2651544
Michael J Snowden	Senior financial advisor	1 Jul 2014	Other	5665265
Thomas James Ritter	Director of compliance	1 Feb 2019	Other	1547282

Based in Covington

The principal office where Lang Advisors LLC performs its advisory services is located at 15 West Fifth St., Covington, KY 41011, which is also the mailing address of the firm. An additional office of the firm is in Temple, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 859-888-0355. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at langadvisors.com and its LinkedIn profile.