Lee Financial Group Hawaii, Inc. (Honolulu)

Name: Lee Financial Group Hawaii, Inc.
Address: 3113 Olu Street, Honolulu, HI, 96816 1425
Telephone: 808-988-8088

Lee Financial Group Hawaii, Inc. is a large advisory firm based in Honolulu. It manages $347.15 million of regulatory assets for 1,291 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Hawaii, Louisiana, and 6 other states.

Lee Financial Group Hawaii provides 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.

Lee Financial Group Hawaii: assets under management

The assets under management (AUM) of Lee Financial Group Hawaii, Inc. is $347.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $347.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $268.9 thousand each.

Lee Financial Group Hawaii has custody of $4.67 million in cash and securities for 140 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lee Financial Group Hawaii, Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 Lee Financial Group Hawaii serves?

The firm provides services to individuals, investment companies, high net worth individuals, and corporations or other businesses. The largest group of clients of Lee Financial Group Hawaii is investment companies with 1 clients and $163.21 million of assets under management. Among the 9 most similar advisory firms, Lee Financial Group Hawaii has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $346.17 million for 664 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.

Lee Financial Group Hawaii doesn't advise any private funds.

Careers at Lee Financial Group Hawaii, Inc.

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 10 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
Terrence Kwock Hing Lee	Director, president and ceo	1 May 1988	75% - 100%	1053119
Vivian Fong Lee	Shareholder	1 May 1988	Other	1874377
Charlotte Amiko Meyer	Director, vice president and asst. treasurer	1 Apr 1990	Other	1220785
Lugene Endo Lee	Director, vice president and secretary	1 Apr 1990	Other	1291294
Louis Frank Davanzo	Vice president and portfolio manager	1 May 1996	Other	1977718
Nora Bridget Foley	Vice president, treasurer and chief compliance officer	1 May 1996	Other	1102287

Based in Honolulu

The principal office where Lee Financial Group Hawaii, Inc. performs its advisory services is located at 3113 Olu Street, Honolulu, HI 96816 1425, which is also the mailing address of the firm. An additional office of the firm is in Provo, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 808-988-8088 or by fax 808-988-5770. The normal business hours are 8:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at leehawaii.com.