Lountzis Asset Management, LLC (Wyomissing)

Name: Lountzis Asset Management, LLC
Address: 60 Commerce Drive, Wyomissing, PA, 19610
Telephone: (610) 375-2585

Lountzis Asset Management, LLC is a large advisory firm based in Wyomissing. It manages $184.78 million of regulatory assets for 197 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of New Hampshire, New Jersey, New York, and Pennsylvania.

Lountzis Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lountzis Asset Management: assets under management

The assets under management (AUM) of Lountzis Asset Management, LLC is $184.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 156% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $184.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $937.98 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lountzis Asset Management, LLC 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 Lountzis Asset Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Lountzis Asset Management is high net worth individuals with 62 clients and $164.33 million of assets under management. Among the 11 most similar advisory firms, Lountzis Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $182.49 million for 87 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.

Lountzis Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Lountzis Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Apostolos John Lountzis	Managing member/chief compliance officer	1 Oct 2000	75% - 100%	2585248
John J (Nmn) Lountzis	Chief compliance officer	1 Oct 2004	Other	4924491

Based in Wyomissing

The principal office where Lountzis Asset Management, LLC performs its advisory services is located at 60 Commerce Drive, Wyomissing, PA 19610, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (610) 375-2585 or by fax (610) 375-3324. The normal business hours are 8:30 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at lountzis.com.