Pearl Lane Advisors, LLC

CRD#172681
Investment Advisor Firm

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Overview

Pearl Lane Advisors, LLC operates as a financial advisory firm located in New York, New York. It oversees $38.6 million in total assets throughout three accounts. Pearl Lane Advisors, LLC has a small team, including 9 financial advisors. Pearl Lane Advisors, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like bonds, equities and options.

Pearl Lane Advisors, LLC manages all of its client assets in a discretionary manner. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without needing to seek client approval. Pearl Lane Advisors, LLC administers about $12.9 million in assets for every account. The average financial advisor at Pearl Lane Advisors, LLC oversees fewer than one client account, making it one of the most personalized financial advisor firms in the country.

The firm's main office is located at 88 Pine Street, New York, New York 10005. The company is legally permitted to provide services to clients across a number of states, including California and New York.

Assets Under Management

$38.6 million

Number of Advisors

9

Disclosures

No

Office Location

88 Pine Street
New York, NY 10005

Pearl Lane Advisors, LLC by the Numbers

Total Assets Under Management

$38.6 million

National Average: $8.6 billion
Total Number of Employees

16

National Average: 64
Total Number of Accounts

3

National Average: 375,227
Average Account Size

$12.9 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial management usually are based on the type of financial services provided. Fee types charged by the firm may include some combination of the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

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 26% of firms

    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.

  • Offered by 10% of firms

    Other

    Show Explanation

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

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 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.

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Types of Clients

Pearl Lane Advisors, LLC works with pooled investment vehicles. Out of its three clients, Pearl Lane Advisors, LLC's largest client group is pooled investment vehicles. None of the company's accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Pearl Lane Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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