L & S Advisors, Inc (Los Angeles)

Name: L & S Advisors, Inc
Address: 12121 Wilshire Blvd, Los Angeles, CA, 90025 1123
Telephone: 310-893-6060

L & S Advisors, Inc is a large advisory firm based in Los Angeles. It manages $840.38 million of regulatory assets for 1,398 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Arizona, California, and 15 other states.

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

L & S Advisors: assets under management

The assets under management (AUM) of L & S Advisors, Inc is $840.38 million. The firm's AUM has grown by 715% since the beginning of its operation, and $1.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $833.34 million in discretionary accounts and $7.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $612.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $190.35 thousand.

L & S Advisors has custody of $14.38 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is government bonds, which make up 13% of the firm’s portfolio. Investments in investment and business development companies form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay L & S Advisors, Inc for their services and products based on a percentage of assets under management. 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 Bennett Edward Gross serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bennett Edward Gross is high net worth individuals with 399 clients and $565.09 million of assets under management. Among the 11 most similar advisory firms, L & S Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $838.46 million for 1,385 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

L & S Advisors doesn't advise any private funds.

Careers at L & S Advisors, Inc

The company employs 18 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 14 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Bennett Edward Gross has been acting as President since 1 Jun 2016. 1987 The Scott Family Trust Dated July 27 joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sy Richard Lippman	President, chief executive officer, chief compliance officer, chief financial officer	1 May 2006	50% - 75%	2899932
Ralph Raymond Scott	Executive vice president, chief investment officer	1 May 2006	50% - 75%	2054556
1987 The Scott Family Trust Dated July 27	Shareholder	1 Jul 2015	50% - 75%	xxx-xx-xxxx
1996 The Lippman Family Trust Dated January 18	Shareholder	1 Jul 2015	50% - 75%	xxx-xx-xxxx
Helene Brenda Lippman	Trustee of the lippman family trust dated january 18, 1996	1 Jul 2015	50% - 75%	6647405
Phyllis F. Scott	Trustee of the the scott family trust dated july 27, 1987	1 Jul 2015	50% - 75%	6647410
Bennett Edward Gross	President	1 Jun 2016	Other	1420440

Based in Los Angeles

The principal office where L & S Advisors, Inc performs its advisory services is located at 12121 Wilshire Blvd, Los Angeles, CA 90025 1123, 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 310-893-6060 or by fax 310-893-6070. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at lsadvisor.com.