Lgl Partners, LLC (West Conshohocken)

Name: Lgl Partners, LLC
Address: One Tower Bridge, West Conshohocken, PA, 19428
Telephone: 610-545-6100

Lgl Partners, LLC is a large advisory firm based in West Conshohocken. It manages $1.77 billion of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

Lgl Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lgl Partners: assets under management

The assets under management (AUM) of Lgl Partners, LLC is $1.77 billion. The firm's AUM has grown by 1672% since the beginning of its operation, and $22.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $642.52 million in discretionary accounts and $1.13 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.37 million.

Lgl Partners has custody of $70.18 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in investment and business development companies form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lgl Partners, LLC for their services and products based on a percentage of assets under management 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 Lgl Partners serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Lgl Partners is high net worth individuals with 76 clients and $1.7 billion of assets under management. Among the 6 most similar advisory firms, Lgl Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.77 billion for 88 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.

Lgl Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Lgl Partners, LLC

The company employs 24 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No 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.

William David Luterman has served as the Chief Investment Officer since 1 Jul 2011 and Keith Mitchell Bloomfield is the Chief Executive Officer of Lgl Partners, LLC family office. Kathleen Elizabeth Keating joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Fearon Brown	Chief compliance officer	1 May 2010	Other	2014838
James Clement Mcgrath	Director of research	1 May 2010	Other	2977847
Paul Scott Gregorchuk	Managing member	1 May 2010	50% - 75%	2526437
William David Luterman	Managing member	1 May 2010	50% - 75%	2941036
Brook James Lenfest	Managing member	1 May 2010	25% - 50%	5936530
William David Luterman	Chief investment officer	1 Jul 2011	Other	2941036
Christopher Fearon Brown	Chief compliance officer	1 May 2012	Other	2014838
Christopher Leith Fagley	Chief operating officer	1 Jan 2017	Other	2107589
Llc Fwm Holdings	Direct owner of lgl partners	1 Jan 2017	75% - 100%	45-2754763
Paul Scott Gregorchuk	Executive chairman	1 Jan 2017	Other	2526437
Keith Mitchell Bloomfield	Chief executive officer	1 Jan 2017	Other	5256516
Kathleen Elizabeth Keating	Chief compliance officer	1 Sep 2018	Other	4586262

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Stuart Schwartz	Member	1 Jun 2008	75% - 100%	1415319
400 Acquisition Llc	Member	1 Jan 2017	25% - 50%	45-1211980
76 West Holdings Llc	Member	1 Jun 2017	25% - 50%	45-1706254
Llc Wealth Partners Capital Group	Member	1 Jul 2017	75% - 100%	1122334

Based in West Conshohocken

The principal office where Lgl Partners, LLC performs its advisory services is located at One Tower Bridge, West Conshohocken, PA 19428, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-545-6100 or by fax 610-545-6101. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at lglpartners.com and its LinkedIn profile.