Laura Lee Addington (Cypress Springs Village)

Name: Laura Lee Addington
Address: 510 Boiler Point Road, Cypress Springs Village, TX, 75480
Telephone: 866-220-7788

Laura Lee Addington is a large advisory firm based in Cypress Springs Village. It manages $108.74 million of regulatory assets for 299 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Colorado and Texas.

Laura Lee Addington provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Laura Lee Addington: assets under management

The assets under management (AUM) of Laura Lee Addington is $108.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 211% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.68 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Laura Lee Addington 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 Laura Lee Addington serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Laura Lee Addington is high net worth individuals with 29 clients and $88.72 million of assets under management. Among the 13 most similar advisory firms, Laura Lee Addington has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.74 million for 65 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.

Laura Lee Addington doesn't advise any private funds.

Careers at Laura Lee Addington

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
Laura Lee Addington	Sole proprietor/chief compliance officer	1 Feb 1987	75% - 100%	1611339

Based in Cypress Springs Village

The principal office where Laura Lee Addington performs its advisory services is located at 510 Boiler Point Road, Cypress Springs Village, TX 75480 The mailing address of the firm is P.O. Box 143, Winnsboro, TX 75494. An additional office of the firm is in Durango, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-220-7788 or by fax 214-242-2442. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at addingtonfg.com.