Life Line Wealth Management LLC (Beverly Hills)

Life Line Wealth Management LLC is a large advisory firm based in Beverly Hills. It manages $121.4 million of regulatory assets for 155 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado and Louisiana.

Life Line Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Life Line Wealth Management: assets under management

The assets under management (AUM) of Life Line Wealth Management LLC is $121.4 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $93.46 million in discretionary accounts and $27.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $812.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $698.43 thousand.

Life Line Wealth Management has custody of $30 million in cash and securities for 21 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 78% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Life Line Wealth Management 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 Life Line Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Life Line Wealth Management is high net worth individuals with 17 clients and $115.99 million of assets under management. Among the 11 most similar advisory firms, Life Line Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $121.4 million for 33 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.

Life Line Wealth Management doesn't advise any private funds.

Careers at Life Line Wealth Management LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Aaron Jerome Stephens has served as the Chief Investment Officer since 1 Jun 2018. Lameck Humble Lukanga joined the executive team most recently as the Chief Executive Officer, Owner, Member Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Edward Ziemba	Member manager, owner, chief compliance officer	1 Feb 2014	50% - 75%	6325542
Lameck Humble Lukanga	Chief executive officer, owner, member manager	1 Jan 2015	75% - 100%	6387895
Aaron Jerome Stephens	Chief investment officer	1 Jun 2018	Other	4187057
Aaron Jerome Stephens	Chief investment officer, chief compliance officer	1 Jan 2019	Other	4187057

Based in Beverly Hills

The principal office where Life Line Wealth Management LLC performs its advisory services is located at 8447 Wilshire Boulevard, Beverly Hills, CA 90211, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-890-4610 or by fax 847-574-0994. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.