Goldman Lancaster, Inc. (Long Beach)


Goldman Lancaster, Inc. is a large advisory firm based in Long Beach. It manages $202.88 million of regulatory assets for 344 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Nevada, Texas, and Washington.

Goldman Lancaster provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Goldman Lancaster: assets under management

The assets under management (AUM) of Goldman Lancaster, Inc. is $202.88 million. The firm's AUM has grown by 67% since the beginning of its operation, and $543.71 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $188.11 million in discretionary accounts and $14.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $563.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.48 million.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goldman Lancaster, 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 Goldman Lancaster serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Goldman Lancaster is high net worth individuals with 54 clients and $107.62 million of assets under management. Among the 8 most similar advisory firms, Goldman Lancaster has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $202.88 million for 344 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.

Goldman Lancaster doesn't advise any private funds.

Careers at Goldman Lancaster, Inc.

The company employs 3 people that are either part- or full-time employees. 100 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 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Glenn Robert Goldman President & chief compliance officer 1 Feb 1994 50% - 75% 1541201
Bradley Reagan Lancaster Vice president 1 Feb 1994 50% - 75% 1678782

Based in Long Beach

The principal office where Goldman Lancaster, Inc. performs its advisory services is located at 301 East Ocean Blvd., Long Beach, CA 90802, 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 562-432-0234 or by fax 562-432-0221. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at goldmanlancaster.com.