Bourne Lent Asset Managament, Inc
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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
Number of Advisors
Disclosures
Office Location
Bourne Lent Asset Managament, Inc by the Numbers
$256.4 million
4
178
$1.4 million
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
Unavailable
-
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
-
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
-
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
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
Montclair, NJ
Pawling, NY
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