Ludwick & Shirman, LLC (Boulder)

Name: Ludwick & Shirman, LLC
Address: 3050 Broadway, Boulder, CO, 80304
Telephone: 303-444-1161

Ludwick & Shirman, LLC is a large advisory firm based in Boulder. It manages $123.77 million of regulatory assets for 463 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California and Colorado.

Ludwick & Shirman provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ludwick & Shirman: assets under management

The assets under management (AUM) of Ludwick & Shirman, LLC is $123.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 143% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $123.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.32 thousand each.

Investments

The firm invests in pooled investment vehicles the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ludwick & Shirman, LLC 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 Roy Carl Ludwick serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Roy Carl Ludwick is high net worth individuals with 57 clients and $91.79 million of assets under management. Among the 12 most similar advisory firms, Ludwick & Shirman has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $123.77 million for 141 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.

Ludwick & Shirman doesn't advise any private funds.

Careers at Ludwick & Shirman, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 don’t receive compensation from other entities for client referrals.

Roy Carl Ludwick has been acting as President since 1 Feb 1997. Gary Ross Shirman joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Ross Shirman	Vice president	1 Feb 1997	25% - 50%	1574194
Roy Carl Ludwick	President/chief compliance officer	1 Feb 1997	50% - 75%	1325901

Based in Boulder

The principal office where Ludwick & Shirman, LLC performs its advisory services is located at 3050 Broadway, Boulder, CO 80304, 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 303-444-1161 or by fax 303-444-5291. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at ludwickandshirman.com.