Lion Street Advisors, LLC is a large advisory firm based in Austin. It manages $820.89 million of regulatory assets for 3,174 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Lion Street Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.
The assets under management (AUM) of Lion Street Advisors, LLC is $820.89 million. The firm's AUM has grown by 1543% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Lion Street 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of John Michael Lefferts is individuals with 1,565 clients and $549.05 million of assets under management. Among the 7 most similar advisory firms, Lion Street Advisors has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $820.89 million for 1,580 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.
Lion Street Advisors doesn't advise any private funds.
The company employs 85 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 71 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.
John Michael Lefferts has been acting as President since 1 May 2013. Kyle Newt Wardlaw joined the executive team most recently as the Director Of Sales Supervision.
The principal office where Lion Street Advisors, LLC performs its advisory services is located at 515 Congress Ave, Austin, TX 78701, which is also the mailing address of the firm. An additional office of the firm is in Fargo, ND. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 512-776-8400 or by fax 512-776-8401. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at lionstreet.com.