LPf Advisors, LLC (Sarasota)

Name: LPf Advisors, LLC
Address: 2601 Cattlemen Road, Sarasota, FL, 34232
Telephone: (941) 907-0101

LPf Advisors, LLC is a large advisory firm based in Sarasota. It manages $103.09 million of regulatory assets for 398 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, North Carolina, and Texas.

LPf Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

LPf Advisors: assets under management

The assets under management (AUM) of LPf Advisors, LLC is $103.09 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $102.98 million in discretionary accounts and $113.77 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $113.77 thousand.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay LPf Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients LPf Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of LPf Advisors is individuals with 391 clients and $95.23 million of assets under management. Among the 7 most similar advisory firms, LPf Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $103.09 million for 398 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

LPf Advisors doesn't advise any private funds.

Careers at LPf Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Andrew Lurz	Member	1 Jul 2018	25% - 50%	1767462
Mark Armand Picchi	Member	1 Jul 2018	25% - 50%	2228311
Kristopher Scott Flammang	Managing member & chief compliance officer	1 Jul 2018	25% - 50%	3189194

Based in Sarasota

The principal office where LPf Advisors, LLC performs its advisory services is located at 2601 Cattlemen Road, Sarasota, FL 34232, which is also the mailing address of the firm. An additional office of the firm is in Venice, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (941) 907-0101 or by fax 941-556-0016. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/generic-advisory-firm/.