Lincoln Sparrow Advisors, LLC (Williamsville)

Name: Lincoln Sparrow Advisors, LLC
Address: 5920 Main Street, Williamsville, NY, 14221
Telephone: 716-650-7180

Lincoln Sparrow Advisors, LLC is a mid-sized advisory firm based in Williamsville. It manages $28.63 million of regulatory assets for 153 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Lincoln Sparrow Advisors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lincoln Sparrow Advisors: assets under management

The assets under management (AUM) of Lincoln Sparrow Advisors, LLC is $28.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $28.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $187.14 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lincoln Sparrow Advisors, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Lincoln Sparrow Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lincoln Sparrow Advisors is individuals with 121 clients and $15.8 million of assets under management. Among the 5 most similar advisory firms, Lincoln Sparrow Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $28.63 million for 153 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.

Lincoln Sparrow Advisors doesn't advise any private funds.

Careers at Lincoln Sparrow Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Michael Joseph Cudlipp	Managing member	1 Mar 2013	50% - 75%	4745636
Joshua Burch Heims	Managing member	1 Mar 2013	50% - 75%	4676576
Joshua Burch Heims	Managing member and chief compliance officer	1 Mar 2014	50% - 75%	4676576

Based in Williamsville

The principal office where Lincoln Sparrow Advisors, LLC performs its advisory services is located at 5920 Main Street, Williamsville, NY 14221, 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 716-650-7180 or by fax 716-408-3282. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at lincolnsparrow.com.