Lombard Advisers Incorporated (Baltimore)

Name: Lombard Advisers Incorporated
Address: 1820 Lancaster St, Baltimore, MD, 21231
Telephone: 410-342-1300

Lombard Advisers Incorporated is a large advisory firm based in Baltimore. It manages $112.55 million of regulatory assets for 690 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Florida, Illinois, and 11 other states.

Lombard Advisers Incorporated provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Lombard Advisers Incorporated: assets under management

The assets under management (AUM) of Lombard Advisers Incorporated is $112.55 million. 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 $51.26 million in discretionary accounts and $61.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $141.86 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lombard Advisers Incorporated 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 Lombard Advisers Incorporated serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Lombard Advisers Incorporated is individuals with 489 clients and $81.7 million of assets under management. Among the 11 most similar advisory firms, Lombard Advisers Incorporated has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $112.55 million for 511 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.

Lombard Advisers Incorporated doesn't advise any private funds.

Careers at Lombard Advisers Incorporated

The company employs 38 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 29 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 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
Lombard Securities Incorporated	100% owner of lombard advisers incorporated	1 Aug 1994	75% - 100%	27954
William Stephen Socha	Chief financial officer	1 Nov 2000	Other	712323
Charles Curtis Fox	Chief compliance officer	1 Jan 2007	Other	1201770

Based in Baltimore

The principal office where Lombard Advisers Incorporated performs its advisory services is located at 1820 Lancaster St, Baltimore, MD 21231, which is also the mailing address of the firm. An additional office of the firm is in Orefield, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-342-1300 or by fax 410-732-0303. The normal business hours are 08.00 - 16.00 on Monday - Friday. You can find more information about the New York firm at golombard.com.