LPs Financial LLC (New York)

Name: LPs Financial LLC
Address: 61 Broadway, New York, NY, 10006
Telephone: 212.328.7876

LPs Financial LLC is a mid-sized advisory firm based in New York. It manages $41.66 million of regulatory assets for 312 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Illinois, Indiana, and 9 other states.

LPs Financial provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

LPs Financial: assets under management

The assets under management (AUM) of LPs Financial LLC is $41.66 million. The firm's AUM has grown by 0% since the beginning of its operation, and $296.02 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $394.01 thousand in discretionary accounts and $41.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $134 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay LPs Financial LLC 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 LPs Financial serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of LPs Financial is high net worth individuals with 54 clients and $24.26 million of assets under management. Among the 5 most similar advisory firms, LPs Financial has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $41.66 million for 186 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

LPs Financial doesn't advise any private funds.

Careers at LPs Financial LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Aron [Nmn] Pinson	Managing member - cco	1 Jun 2013	25% - 50%	4730525
Tamir [Nmn] Shabat	Silent/passive owner	1 Jun 2013	Other	4799909
Danny Zvi Spiegel	Managing member	1 Jun 2013	25% - 50%	4191462
Gaurav Chand Lall	Managing member	1 Jun 2013	25% - 50%	4738175
Aron Pinson	Managing member - cco	1 Jun 2013	25% - 50%	4730525
Tamir Shabat	Silent/passive owner	1 Jun 2013	Other	4799909
Danny Z Spiegel	Managing member	1 Jun 2013	25% - 50%	4191462
Gaurav Lall	Managing member	1 Jun 2013	25% - 50%	4738175
Tamir [Nmn] Shabat	Chief compliance officer	1 Feb 2018	25% - 50%	4799909
Tamir [Nmn] Shabat	Managing member	1 Jul 2019	25% - 50%	4799909

Based in New York

The principal office where LPs Financial LLC performs its advisory services is located at 61 Broadway, New York, NY 10006, 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 212.328.7876 or by fax 212.328.7877. The normal business hours are 8:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at lpsfinancial.com/.