Lumbard & Kellner, LLC
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Overview
Lumbard & Kellner, LLC operates as a financial advisor firm that has its headquarters in Hollis, New Hampshire. The company has $303.0 million in assets throughout 124 client accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). It has a small team, including 4 financial advisors. Lumbard & Kellner, LLC does not act as a registered broker-dealer, signifying that the advisor 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 exchangable financial assets like options, stocks and bonds.
Lumbard & Kellner, LLC administers all of the firm's client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by an investment advisor without requiring the client's consent. The investment advisory firm manages roughly $2.4 million in assets for every customer account. The typical advisor at Lumbard & Kellner, LLC oversees about 31 client accounts, placing it towards the middle in terms of personalization.
The company's central office is located at 5 Hutchings Drive, Hollis, New Hampshire 03049-0749. The company is permitted to serve clients across 5 states, including California, Illinois, Massachusetts, Texas and New Hampshire.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lumbard & Kellner, LLC by the Numbers
$303.0 million
4
124
$2.4 million
Fee Structure
Financial management fees largely are based on which services the firm provides the client. However, fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Lumbard & Kellner, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to retail investors and high net worth investors. Out of its 124 clients, Lumbard & Kellner, LLC's largest client is high net worth investors, but it also manages money for 80 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 67.23%
- Other Individuals - 32.77%
- Corporations - 0%
- Charitable Organizations - 0%
* 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
Lumbard & Kellner, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Lumbard & Kellner, LLC
Hollis, NH
Hollis, NH
Hollis, NH
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