Lmcg Investments, LLC
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Overview
Lmcg Investments, LLC operates as an advisory company based in Boston, Massachusetts. Lmcg Investments, LLC manages $4.0 billion in assets over 2,069 customer accounts, making it one of the largest investment advisory firms in the country by assets under management (AUM). The company has an average-sized group, including 13 financial advisors. Lmcg Investments, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like stocks, bonds and options.
Lmcg Investments, LLC administers the majority of its accounts in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by a portfolio manager without needing to seek the client's authorization. Lmcg Investments, LLC also has five non-discretionary accounts with a total of $89.3 million in assets. The advisory firm administers roughly $2.0 million for every account. An average financial advisor at Lmcg Investments, LLC administers around 159 client accounts.
Lmcg Investments, LLC's central office is at One Boston Place, Boston, Massachusetts 2108. Lmcg Investments, LLC is legally permitted to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lmcg Investments, LLC by the Numbers
$4.0 billion
40
2,069
$2.0 million
Products and Services
Lmcg Investments, LLC provides a variety of services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. It is involved in selling products or offering services aside from investment advice to its clients.
Core Advisor Services
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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.
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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.
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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
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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.
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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.
Fee Structure
Fees charged by financial advisors largely depend on which service is offered. However, fee types billed by the company may include the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
Unavailable
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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
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Find one of the 0% of firms that offer this fee type
Subscription
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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
The firm manages money for a broad range of customers. The company provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, state or municipal government entities, other investment advisers and corporations. Out of its 2,069 clients, Lmcg Investments, LLC's largest client is high net worth investors, but it also manages money for 587 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM 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). Just 1% of its customers are non-U.S. persons.
- High-Net-Worth Individuals* - 61.34%
- Other Individuals - 34.48%
- Corporations - 2.4%
- Charitable Organizations - 1.78%
* 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
Lmcg Investments, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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