Lexaurum Advisors, LLC (Overland Park)

Lexaurum Advisors, LLC is a large advisory firm based in Overland Park. It manages $315.48 million of regulatory assets for 2,109 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Florida, and 14 other states.

Lexaurum Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lexaurum Advisors: assets under management

The assets under management (AUM) of Lexaurum Advisors, LLC is $315.48 million. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $255.39 million in discretionary accounts and $60.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $136.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $252.49 thousand.

Lexaurum Advisors has custody of $66.17 million in cash and securities for 228 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lexaurum Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lexaurum Advisors serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Lexaurum Advisors is individuals with 751 clients and $182.65 million of assets under management. Among the 8 most similar advisory firms, Lexaurum Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $315.48 million for 846 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.

Lexaurum Advisors doesn't advise any private funds.

Careers at Lexaurum Advisors, LLC

The company employs 20 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 18 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Wellington Hughes	Ceo/cco	1 Apr 2016	75% - 100%	4216340
Joanne Lynn Hughes	Manager/member	1 Apr 2016	75% - 100%	6636986
Timothy John Hawkins	Member	1 Jan 2017	Other	4064503
Jon Michael Stanfield	Chief compliance officer	1 Sep 2018	Other	4955169

Based in Overland Park

The principal office where Lexaurum Advisors, LLC performs its advisory services is located at 6731 W 121 St Street, Suite 227, Overland Park, KS 66209, which is also the mailing address of the firm. An additional office of the firm is in Tulsa, OK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-735-5391 or by fax 913-312-5841. The normal business hours are by appointment on Monday - Friday.