Laidlaw Wealth Management LLC

CRD#150040
Investment Advisor Firm

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Learn more about Laidlaw Wealth Management LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Laidlaw Wealth Management LLC operates as an advisory company that has its headquarters in New York, New York. Laidlaw Wealth Management LLC handles $886.5 million in assets throughout 2,351 client accounts, making it one of the larger financial advisory firms in the country by assets under management (AUM). The firm has an average-sized team, including 29 financial advisors. Laidlaw Wealth Management LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments such as stocks, bonds and options.

    Laidlaw Wealth Management LLC manages more than half of its accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by an investment advisor without needing client consent. It also administers 522 non-discretionary accounts totaling $158.6 million in assets. The advisory firm administers about $377,081 in assets for each account. The typical financial advisor at Laidlaw Wealth Management LLC oversees about 81 client accounts.

    Laidlaw Wealth Management LLC's headquarters is at 521 Fifth Ave, New York, New York 10175. The company is allowed to serve investors throughout 25 U.S. states and territories.

    Assets Under Management

    $886.5 million

    Number of Advisors

    29

    Disclosures

    No

    Office Location

    521 Fifth Ave
    New York, NY 10175

    Laidlaw Wealth Management LLC by the Numbers

    Total Assets Under Management

    $886.5 million

    National Average: $8.6 billion
    Total Number of Employees

    43

    National Average: 64
    Total Number of Accounts

    2,351

    National Average: 375,227
    Average Account Size

    $377.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Laidlaw Wealth Management LLC provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the prior fiscal year, the company provided 1-10 of its clients with financial planning services. Laidlaw Wealth Management LLC does not sell products or offer services other than investment advisory services to its investment advisory customers. The firm is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees typically depend on which service is offered. However, fees charged by the company can be comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Laidlaw Wealth Management LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      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.

    • Offered by 21% of firms

      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.

    • Offered by 32% of firms

      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.

    Unavailable

    • 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

      Show Explanation

      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 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

    The firm caters to retail investors, high net worth investors and corporations. Out of its 2,351 customers, Laidlaw Wealth Management LLC's biggest client is retail investors, although it also serves 222 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 22.96%
    • Other Individuals - 75.39%
    • Corporations - 1.65%
    • 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

    Laidlaw Wealth Management LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Laidlaw Wealth Management LLC

    Marc Morgan
    New York, NY
    Jack Peters
    New Port Richey, FL
    Patrick Ceccacci
    New York, NY
    John Watkins
    Naples, FL
    Brian Solomon
    New York, NY
    Mathew Moschovas
    New York, NY
    Sachin Kumar
    New York, NY
    Mark Cassidy
    New York, NY
    John Mcdermott
    New York, NY

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