Lara, Shull & May, LLC (Falls Church)


Lara, Shull & May, LLC is a large advisory firm based in Falls Church. It manages $375.43 million of regulatory assets for 1,288 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 32 other states.

Lara, Shull & May provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for approximately 700 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lara, Shull & May: assets under management

The assets under management (AUM) of Lara, Shull & May, LLC is $375.43 million. The firm's AUM has grown by 412% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.76 million in discretionary accounts and $359.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $301.99 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lara, Shull & May, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, 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.

Careers at Lara, Shull & May, LLC

Frank Taylor Iv Shull has been acting as President since 1 Feb 2011. Richard Ronald Romero joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Focus Operating Member 1 Oct 2007 75% - 100% 20-8161914
Edward Ronald Lara Chief compliance officer 1 Oct 2007 Other 302498
Frank Taylor Shull Vice president 1 Oct 2007 Other 2155094
Frank Taylor Iv Shull Vice president 1 Oct 2007 Other 2155094
Jennifer Lara Szaro Vice president 1 Jan 2008 Other 4395464
Jennifer Lara Szaro Vice president operations, finop 1 Sep 2008 Other 4395464
Frank Taylor Iv Shull Chief executive officer 1 Jul 2009 Other 2155094
Robert Steven Walterman Chief operating officer 1 Jan 2010 Other 803944
Scott Taylor Walker Chief financial officer, finop 1 Jan 2010 Other 5720618
Jennifer Lara Szaro Administrative officer 1 Jun 2010 Other 4395464
Edward Ronald Lara Ceo, chief compliance officer 1 Jul 2010 Other 302498
Frank Taylor Iv Shull Partner 1 Jul 2010 Other 2155094
Frank Taylor Iv Shull President 1 Feb 2011 Other 2155094
Jennifer Lara Szaro Chief administrative officer, chief compliance officer 1 Feb 2011 Other 4395464
Richard Ronald Romero Chief operating officer 1 Jun 2012 Other 2381082

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 135263
L.P. Summit Ventures Vi (Gp) General partner 1 Dec 2000 Other 04-3540852
L.P. Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 04-3540852
L.P. Summit Ventures Via Member 1 Jan 2006 50% - 75% 04-3540853
Summit Ventures Via Lp Member 1 Jan 2006 50% - 75% 04-3540853
Summit Ventures Vi A L.P. Member (manager) 1 Jan 2006 25% - 50% 04-3540853
L.P. Summit Partners Vi (Gp) General partner 1 Dec 2006 Other 04-3540852
Llc Focus Financial Partners Member 1 Jan 2007 75% - 100% 16-1728260
Llc Focus Financial Partners Member 1 Oct 2007 75% - 100% 16-1728260

Based in Falls Church

The principal office where Lara, Shull & May, LLC performs its advisory services is located at 7600 Leesburg Pike, Falls Church, VA 22043, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-827-2300 or by fax 703-827-2314. The normal business hours are 9:00am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at www.larashullmay.com.