Lgl Partners, LLC

CRD#289784
Investment Advisor Firm

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Overview

Lgl Partners, LLC is a financial advisor company located in Conshohocken, Pennsylvania. The firm has $1.8 billion in assets over 400 customer accounts, placing it among the largest firms in the United States by assets under management (AUM). The firm has a small team of 24 employees, of which 13 are financial advisors. Lgl Partners, LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, bonds and equities.

Lgl Partners, LLC oversees most of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction decisions for the client's account without requiring the customer's authorization. The firm also administers 135 non-discretionary accounts totaling $1.1 billion in assets under management. The company's average account size is $4.4 million. The average advisor at Lgl Partners, LLC oversees about 31 client accounts, making it about average in terms of personalization.

The company's central office is located at One Tower Bridge, Conshohocken, Pennsylvania 19428. Lgl Partners, LLC is permitted to provide services to investors throughout 3 states, including Florida, New York and Pennsylvania.

Assets Under Management

$1.8 billion

Number of Advisors

13

Disclosures

No

Office Location

One Tower Bridge
Conshohocken, PA 19428

Lgl Partners, LLC by the Numbers

Total Assets Under Management

$1.8 billion

National Average: $3.3 billion
Total Number of Employees

24

National Average: 31
Total Number of Accounts

400

National Average: 1,935
Average Account Size

$4.4 million

National Average: $1.7 million

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Products and Services

Lgl Partners, LLC provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles and selection of other advisers. In the prior financial year, the company provided financial planning services to 101-250 of its accounts. Lgl Partners, LLC does not sell products or offer services apart from investment advice to its investment advisory customers.

Core Advisor Services

  • Offered by 44% 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 61% of firms

    Portfolio Management

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

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    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 23% of firms

    Selection of Other Advisors

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

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors largely depend on which service is provided. However, fees charged by the company likely are comprised of any blend of the following fee structures: asset-based or fixed. The company does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 72% 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 39% 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 35% 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 2% 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.

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    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 1% 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 12% 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

Lgl Partners, LLC caters to retail investors, high net worth investors and pooled investment vehicles. Out of its 400 clients, Lgl Partners, LLC's biggest client by number of accounts is high net worth investors, although it also manages money for 76 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $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 accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 86.36%
  • Other Individuals - 11.36%
  • Corporations - 2.27%
  • 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

Lgl Partners, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA