Lvw Advisors, LLC (Pittsford)

Name: Lvw Advisors, LLC
Address: 67 B Monroe Avenue, Pittsford, NY, 14534
Telephone: 585-267-4900

Lvw Advisors, LLC is a large advisory firm based in Pittsford. It manages $1.79 billion of regulatory assets for 1,717 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Lvw 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lvw Advisors: assets under management

The assets under management (AUM) of Lvw Advisors, LLC is $1.79 billion. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.33 billion in discretionary accounts and $465.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $879.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.24 million.

Lvw Advisors has custody of $381.59 million in cash and securities for 162 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in pooled investment vehicles form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lvw 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 Lvw Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Lvw Advisors is high net worth individuals with 158 clients and $844.55 million of assets under management. Among the 11 most similar advisory firms, Lvw Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.75 billion for 380 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.

Lvw Advisors doesn't advise any private funds.

Careers at Lvw Advisors, LLC

The company employs 18 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 receive compensation from other entities for client referrals.

Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	Member (manager)	1 Oct 2011	75% - 100%	20-8161914
Lori Ann Van Dusen	Chief executive officer	1 Oct 2011	Other	1556941
Richard H Van Kuren	Chief operation officer	1 Oct 2011	Other	2521644
Christine Mary Porter	Chief compliance officer	1 Oct 2011	Other	2900052
Kim Congdon Pugliese	Chief compliance officer	1 Jun 2012	Other	1272725
Victoria Ann Hemiup	Chief compliance officer	1 Sep 2013	Other	2445365
Joseph Patrick Zappia	Principal and chief compliance officer	1 May 2014	Other	1768589
Adam N. Magee	Chief compliance officer	1 Aug 2015	Other	6628600
Llc Lvw Flynn	Member (manager)	1 Jan 2017	75% - 100%	81-5156384

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3568448
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
Llc Focus Operating	Member	1 Jan 2017	75% - 100%	20816194
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Pittsford

The principal office where Lvw Advisors, LLC performs its advisory services is located at 67 B Monroe Avenue, Pittsford, NY 14534, 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 585-267-4900 or by fax 888-444-8063. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at lvwadvisors.com and its LinkedIn profile.