Lws Wealth Advisors, Inc. (Basking Ridge)


Lws Wealth Advisors, Inc. is a large advisory firm based in Basking Ridge. It manages $282.53 million of regulatory assets for 612 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Connecticut, and 5 other states.

Lws Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lws Wealth Advisors: assets under management

The assets under management (AUM) of Lws Wealth Advisors, Inc. is $282.53 million. The firm's AUM has grown by 167% since the beginning of its operation, and $25.91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $275.29 million in discretionary accounts and $7.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $459.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $556.79 thousand.
Lws Wealth Advisors has custody of $282.53 million in cash and securities for 138 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in other assets form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lws Wealth Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lws Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lws Wealth Advisors is high net worth individuals with 104 clients and $260.65 million of assets under management. Among the 8 most similar advisory firms, Lws Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $280.57 million for 138 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.

Lws Wealth Advisors doesn't advise any private funds.

Careers at Lws Wealth Advisors, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lance Alden Lipset President & chief compliance officer 1 May 2012 75% - 100% 4206300

Based in Basking Ridge

The principal office where Lws Wealth Advisors, Inc. performs its advisory services is located at 94 South Finley Avenue, Basking Ridge, NJ 07920, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-630-9237. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at lwswealthadvisors.com/.