Lion Street Advisors, LLC

CRD#167610
Investment Advisor Firm

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Learn more about Lion Street Advisors, LLC

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

    • Overview

    Lion Street Advisors, LLC operates as a financial advisory company based in Austin, Texas. The company controls $1.4 billion in assets throughout 4,709 client accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). Lion Street Advisors, LLC has a large group, including 136 financial advisors. Lion Street Advisors, LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as bonds, options and stocks.

    Lion Street Advisors, LLC manages 1,732 of its accounts on a discretionary basis. Discretionary management is a structure in which buy and sell judgments for the client's account are made by an investment advisor without requiring the customer's approval. The firm also has 2,977 non-discretionary accounts totaling $521.3 million in assets. The firm's average account size is $297,543. The typical financial advisor at Lion Street Advisors, LLC administers about 35 client accounts, placing it towards the middle in terms of personalization.

    Lion Street Advisors, LLC's headquarters is located at 515 Congress Ave, Austin, Texas 78701. The company is allowed to serve customers across 50 U.S. states and territories.

    Assets Under Management

    $1.4 billion

    Number of Advisors

    136

    Disclosures

    No

    Office Location

    515 Congress Ave
    Austin, TX 78701

    Lion Street Advisors, LLC by the Numbers

    Total Assets Under Management

    $1.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    146

    National Average: 64
    Total Number of Accounts

    4,709

    National Average: 375,227
    Average Account Size

    $297.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Lion Street Advisors, LLC offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the last fiscal year, the firm provided financial planning services to 101-250 of its customers. The company does not sell products or offer services other than investment advice to its investment advisory clients. It is affiliated with a number of other companies 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

    A financial advisor's fees typically vary depending on which services the firm provides the client. However, fee types billed by the firm can include some combination of the following fee structures: asset-based, hourly or fixed. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    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

    It caters to retail investors, high net worth investors and pension plans. Out of its 4,709 clients, Lion Street Advisors, LLC's largest client group by number of accounts is retail investors, but it also manages money for 172 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $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 non-U.S. persons.

    • High-Net-Worth Individuals* - 7.71%
    • Other Individuals - 91.48%
    • Corporations - 0.81%
    • 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

    Lion Street Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Lion Street Advisors, LLC

    John Burmeister
    Austin, TX
    Nicholas Bowman
    Austin, TX
    George Papanier
    Philadelphia, PA
    Mallory Hall
    Bellevue, WA
    Michael Fennessy
    Lake Oswego, OR
    Elizabeth Husserl
    San Ramon, CA
    Nichole Zahner
    Eugene, OR
    David Condensa
    San Ramon, CA
    Miguel Delgado
    Austin, TX

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