Lau Associates LLC is a large advisory firm based in Greenville. It manages $650 million of regulatory assets for 161 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Delaware, Florida, and 7 other states.
Lau Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax return preparation and bill pay service. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lau Associates LLC is $650 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Lau Associates LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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 Jacob Dorsey Weaver is high net worth individuals with 113 clients and $626 million of assets under management. Among the 6 most similar advisory firms, Lau Associates has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $650 million for 161 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.
Lau Associates doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 38 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.
Jacob Dorsey Weaver has been acting as President since 1 Jan 2016. Thomas Martin Weary has served as the Chief Investment Officer since 1 Mar 2011 and Jorge Ramon Rueda is the Chief Executive Officer of Lau Associates LLC family office. Stephen Michael Wellman joined the executive team most recently as the Chief Compliance Officer.
The principal office where Lau Associates LLC performs its advisory services is located at 20 Montchanin Road, Greenville, DE 19807, 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 302-792-5955 or by fax 302-792-1833. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at lauassociates.net.