Lc Advisors, LLC (San Francisco)

Name: Lc Advisors, LLC
Address: 71 Stevenson St, San Francisco, CA, 94105 2985
Telephone: 415-632-5600

Lc Advisors, LLC is a large advisory firm based in San Francisco. It manages $90 million of regulatory assets for 116 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Delaware, Massachusetts, and 4 other states.

Lc Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lc Advisors: assets under management

The assets under management (AUM) of Lc Advisors, LLC is $90 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $90 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $775.86 thousand each.

Lc Advisors has custody of $83.05 million in cash and securities for 116 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lc Advisors, 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.

Careers at Lc Advisors, LLC

The company employs 41 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Renaud Laplanche has been acting as President since 1 Jan 2013. Fergal Joseph Stack joined the executive team most recently as the Controller.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lendingclub Corporation	Managing member, sole member	1 Oct 2010	75% - 100%	51-0605731
Carrie Louise Dolan	Cfo	1 Oct 2010	Other	4577384
Jason Robert Altieri	Chief compliance officer	1 Oct 2010	Other	5859906
Joseph Lawrence Toms	Managing director	1 Oct 2010	Other	1100278
Bradley Gene Pattelli	President	1 Sep 2011	Other	2043914
Russell Scott Elmer	Chief compliance officer	1 Sep 2012	Other	4223687
Renaud Laplanche	President	1 Jan 2013	Other	6154999
Jason Robert Altieri	Chief compliance officer	1 Feb 2014	Other	5859906
Timothy Paul Bogan	Chief compliance officer	1 Dec 2015	Other	2911404
Raman Suri	President	1 Oct 2016	Other	3074408
Russell Scott Elmer	Secretary	1 Oct 2016	Other	4223687
William Nicholas Steiner	Chief compliance officer	1 Oct 2016	Other	6177042
Bradley Lawrence Coleman	Controller	1 Oct 2016	Other	4152617
Matthew Stephen Hardin	Chief compliance officer	1 Apr 2017	Other	2366634
Brian David Beck	Secretary, general counsel	1 Jul 2017	Other	6883682
Fergal Joseph Stack	Controller	1 Aug 2017	Other	4766209

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Norwest Venture Partners X	Indirect owner	1 Apr 2010	25% - 50%	20-4641819
L.P. Cannan Vii	Indirect owner	1 Apr 2010	25% - 50%	04-3813723

Based in San Francisco

The principal office where Lc Advisors, LLC performs its advisory services is located at 71 Stevenson St, San Francisco, CA 94105 2985, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-632-5600 or by fax 415-632-5608. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at lc-advisors.com.