Lvz Advisors (Holland)

Name: Lvz Advisors
Address: 240 South River Avenue, Holland, MI, 49423
Telephone: 616-394-4994

Lvz Advisors is a large advisory firm based in Holland. It manages $509.85 million of regulatory assets for 3,682 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 24 other states.

Lvz Advisors provides financial planning services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lvz Advisors: assets under management

The assets under management (AUM) of Lvz Advisors is $509.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1799% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $509.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $138.47 thousand each.

Lvz Advisors has custody of $159.27 million in cash and securities for 58 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 29% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lvz Advisors for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Phillip Lorence serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of James Phillip Lorence is individuals with 1,847 clients and $380.25 million of assets under management. Among the 9 most similar advisory firms, Lvz Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $509.85 million for 1,950 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.

Lvz Advisors doesn't advise any private funds.

Careers at Lvz Advisors

The company employs 12 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 66 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.

James Phillip Lorence has been acting as President since 1 Apr 1989. Nathan Louis Baumann joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Phillip Lorence	President	1 Apr 1989	50% - 75%	1354331
Ryan J Vanderzwart	Chief compliance officer/sr vice president	1 Jan 2000	25% - 50%	2621911
Michael Neil Warren	Partner	1 Jul 2009	Other	2007724
Nathan Louis Baumann	Vice president	1 Jan 2011	Other	5409584

Based in Holland

The principal office where Lvz Advisors performs its advisory services is located at 240 South River Avenue, Holland, MI 49423, 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 616-394-4994 or by fax 616-394-5986. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at lvzadvisors.com.