Lws Wealth Advisors Of Colorado, Inc. (Basking Ridge)

Name: Lws Wealth Advisors Of Colorado, Inc.
Address: 94 South Finley Avenue, Basking Ridge, NJ, 07920
Telephone: 970-688-7310

Lws Wealth Advisors Of Colorado, Inc. is a related adviser based in Basking Ridge. It manages $30.25 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Colorado, New Jersey, New York, and Texas.

Lws Wealth Advisors Of Colorado provides financial planning services, portfolio management for individuals and small businesses, 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.

Lws Wealth Advisors Of Colorado: assets under management

The assets under management (AUM) of Lws Wealth Advisors Of Colorado, Inc. is $30.25 million. The firm's AUM has grown by 228% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.23 million in discretionary accounts and $4.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $270.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $366.09 thousand.

Lws Wealth Advisors Of Colorado has custody of $140.88 thousand in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

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 and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lws Wealth Advisors Of Colorado, Inc. 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 Lws Wealth Advisors Of Colorado serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lws Wealth Advisors Of Colorado is high net worth individuals with 22 clients and $24.18 million of assets under management. Among the 2 most similar advisory firms, Lws Wealth Advisors Of Colorado has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $30.25 million for 39 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.

Lws Wealth Advisors Of Colorado doesn't advise any private funds.

Careers at Lws Wealth Advisors Of Colorado, Inc.

The company employs 2 people that are either part- or full-time employees. 50 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
Lance Alden Lipset	President and cco	1 Jun 2013	75% - 100%	4206300

Based in Basking Ridge

The principal office where Lws Wealth Advisors Of Colorado, Inc. performs its advisory services is located at 94 South Finley Avenue, Basking Ridge, NJ 07920 The mailing address of the firm is 55 Charolais Circle, Edwards, CO 81632. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 970-688-7310. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at lwswealthadvisors.com/.