Bourne Lent Asset Managament, Inc

CRD#111114
Investment Advisor Firm

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Overview

Bourne Lent Asset Managament, Inc is a financial advisor firm headquartered in Pawling, New York. The firm manages $256.4 million in assets across 178 accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). Bourne Lent Asset Managament, Inc has a small team, including 2 financial advisors. Bourne Lent Asset Managament, Inc is not a registered broker-dealer, signifying that the advisor 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 company to do so. Securities are defined as tradable fiscal investments such as bonds, equities and options.

Bourne Lent Asset Managament, Inc manages more than half of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without needing client authorization. It also oversees one non-discretionary accounts with a total of $2.0 million in assets under management. The firm's typical account size is $1.4 million. The typical advisor at Bourne Lent Asset Managament, Inc administers about 89 client accounts.

The company's central office is located at 3 Memorial Avenue, Pawling, New York 12564. Bourne Lent Asset Managament, Inc is allowed to serve customers throughout 7 states, including Connecticut, Florida, Maine, Nebraska, New Jersey, New York and Texas.

Assets Under Management

$256.4 million

Number of Advisors

2

Disclosures

No

Office Location

3 Memorial Avenue
Pawling, NY 12564

Bourne Lent Asset Managament, Inc by the Numbers

Total Assets Under Management

$256.4 million

National Average: $8.6 billion
Total Number of Employees

4

National Average: 64
Total Number of Accounts

178

National Average: 375,227
Average Account Size

$1.4 million

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors are based on which service is provided. Fees billed by the company typically consist of the following fee type: asset-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

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    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Bourne Lent Asset Managament, Inc caters to retail investors, high net worth investors and charitable organizations. Out of its 178 customers, Bourne Lent Asset Managament, Inc's largest client type is high net worth investors, although it also serves 51 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 60.71%
  • Other Individuals - 33.33%
  • Corporations - 0%
  • Charitable Organizations - 5.95%

* 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

Bourne Lent Asset Managament, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Bourne Lent Asset Managament, Inc

John Lent
Montclair, NJ
Donald Bourne
Pawling, NY

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