Lyell Wealth Management LP (Menlo Park)

Name: Lyell Wealth Management LP
Address: 3000 Sand Hill Road, Menlo Park, CA, 94025
Telephone: 650-353-3692

Lyell Wealth Management LP is a large advisory firm based in Menlo Park. It manages $387.6 million of regulatory assets for 157 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Oregon, and Vermont.

Lyell Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, educational seminars and workshops, and tax advice. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lyell Wealth Management: assets under management

The assets under management (AUM) of Lyell Wealth Management LP is $387.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 78% since the beginning of its operation, and $3.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $387.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.47 million each.

Lyell Wealth Management has custody of $209.24 million in cash and securities for 79 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in pooled investment vehicles form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lyell Wealth Management LP 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 Lyell Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Lyell Wealth Management is high net worth individuals with 111 clients and $368.28 million of assets under management. Among the 7 most similar advisory firms, Lyell Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $387.6 million for 157 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Lyell Wealth Management doesn't advise any private funds.

Careers at Lyell Wealth Management LP

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lyell Wealth Management Llc	General partner	1 Mar 2016	Other	81-1698144

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Philip Connell	Managing member	1 Mar 2016	25% - 50%	6634556
Matthew Isaac Bennitt	Managing member	1 Mar 2016	25% - 50%	2603362
Jeffrey Garvin Berry	Managing member	1 Mar 2016	25% - 50%	2320205
Nancy Falkenberg Tuck	Managing member	1 Mar 2016	25% - 50%	1299478

Based in Menlo Park

The principal office where Lyell Wealth Management LP performs its advisory services is located at 3000 Sand Hill Road, Menlo Park, CA 94025, 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 650-353-3692 or by fax 650-681-9832. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at lyellwealth.com.