Lamco Advisory Services Inc. is a large advisory firm based in Lake Mary. It manages $2.74 billion of regulatory assets for 597 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, New Jersey, Rhode Island, and Texas.
Lamco Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and sub-advisory services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lamco Advisory Services Inc. is $2.74 billion. The firm's AUM has grown by 214% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Lamco Advisory Services Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mark Lamoriello is pension and profit sharing plans with 68 clients and $2.15 billion of assets under management. Among the 8 most similar advisory firms, Lamco Advisory Services has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $2.74 billion for 228 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.
Lamco Advisory Services doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Mark Lamoriello has been acting as President since 1 Jan 2006. Nicholas James Lamoriello joined the executive team most recently as the Vice President.
The principal office where Lamco Advisory Services Inc. performs its advisory services is located at 1525 International Parkway, Lake Mary, FL 32746, 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 407-585-1169 or by fax 407-585-1199. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at lamcoadvisory.com.