Lenox Wealth Advisors, Inc. is a large advisory firm based in New York. It manages $1.12 billion of regulatory assets for 1,493 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.
Lenox Wealth Advisors 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.
The assets under management (AUM) of Lenox Wealth Advisors, Inc. is $1.12 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1457% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Lenox Wealth Advisors, Inc. 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of David M Carter is high net worth individuals with 1,464 clients and $1.11 billion of assets under management. Among the 6 most similar advisory firms, Lenox Wealth Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.12 billion for 1,493 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.
Lenox Wealth Advisors doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
David M Carter has been acting as President since 1 Jan 2012. Lwa Holdings Llc joined the executive team most recently as the Shareholder.
The principal office where Lenox Wealth Advisors, Inc. performs its advisory services is located at 530 Fifth Ave., New York, NY 10036, 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 212-231-9062 or by fax 212-231-9069. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at lenox-wealth.com.