Lamco Advisory Services Inc. (Lake Mary)

Name: Lamco Advisory Services Inc.
Address: 1525 International Parkway, Lake Mary, FL, 32746
Telephone: 407-585-1169

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.

Lamco Advisory Services: assets under management

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 firm manages $1.61 billion in discretionary accounts and $1.14 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.95 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $21.89 million.

Investments

The firm invests in state and local bonds the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio.

Fees & Commissions

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.

What kind of clients Mark Lamoriello serves?

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.

Careers at Lamco Advisory Services Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. The Lamco Group	Shareholder	1 Oct 1991	75% - 100%	59-3432804
Mark Lamoriello	Executive v.p.	1 Apr 1993	Other	2106993
Sally Ann Hanley Whitworth	Chief compliance officer	1 Sep 2004	Other	2030758
Nicholas James Lamoriello	Vice president	1 Jan 2006	Other	1956301
Mark Lamoriello	President	1 Jan 2006	Other	2106993

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Nicholas James Lamoriello	Shareholder, president	1 Oct 1991	75% - 100%	1956301

Based in Lake Mary

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.