Lgim America
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Overview
Lgim America operates as an advisory company located in Chicago, Illinois. Lgim America manages $209.0 billion in total assets across 551 customer accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). The company has a large group, including 75 financial advisors. Lgim America does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as bonds, equities and options.
Lgim America oversees more than half of its accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make transaction decisions for the client's account without requiring client permission. Lgim America also oversees one non-discretionary accounts totaling $901.7 million in assets. The firm's typical account size is $379.3 million. The typical financial advisor at Lgim America manages around seven client accounts, placing it among the more individualized financial advisor firms in the country.
The firm's central office is at 71 South Wacker Drive, Chicago, Illinois 60606. Lgim America is legally registered to provide services to investors across 4 states, including Colorado, Illinois, Texas and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lgim America by the Numbers
$209.0 billion
271
551
$379.3 million
Fee Structure
Fees for financial management typically vary depending on the type of financial services provided. Fee types billed by Lgim America most likely are comprised of any blend of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company does business with a number of different customers. The company provides services to investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations and other. Out of its 551 customers, Lgim America's biggest client group by number of accounts is pension plans. Just 5% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 98.99%
- Charitable Organizations - 1.01%
* 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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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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