Lederer & Associates Investment Counsel
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Overview
Lederer & Associates Investment Counsel operates as an advisory company headquartered in Long Beach, California. It manages $202.1 million in assets over 78 accounts, making it a mid-tier firm in the United States by assets under management (AUM). The firm has a small team, including 2 financial advisors. Lederer & Associates Investment Counsel is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as stocks, options and bonds.
Lederer & Associates Investment Counsel oversees all of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by a portfolio manager without needing to seek the client's approval. The company's average account size is $2.6 million. The average financial advisor at Lederer & Associates Investment Counsel oversees around 39 client accounts, placing it towards the middle in terms of personalization.
The firm's central office is located at 5305 East 2Nd Street, Long Beach, California 90803-5317. The company is registered to provide services to clients in the state of California.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lederer & Associates Investment Counsel by the Numbers
$202.1 million
3
78
$2.6 million
Fee Structure
Fees charged by financial advisors usually are based on which service is provided. However, fees charged by Lederer & Associates Investment Counsel most likely are comprised of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm provides services to retail investors, high net worth investors and charitable organizations. Out of its 78 clients, Lederer & Associates Investment Counsel's biggest client type by number of accounts is high net worth investors, though it also manages money for 44 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 56.41%
- Other Individuals - 37.18%
- Corporations - 0%
- Charitable Organizations - 6.41%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Lederer & Associates Investment Counsel does not have any disclosures.
Please visit its Form ADV for more details.
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