Llbh Private Wealth Management, LLC (Westport)

Name: Llbh Private Wealth Management, LLC
Address: Riverside Plaza, Westport, CT, 06880
Telephone: 203-683-1530

Llbh Private Wealth Management, LLC is a large advisory firm based in Westport. It manages $2.1 billion of regulatory assets for 4,496 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Llbh Private Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Llbh Private Wealth Management: assets under management

The assets under management (AUM) of Llbh Private Wealth Management, LLC is $2.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 268% since the beginning of its operation, and $342.54 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $2.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $466.53 thousand each.

Llbh Private Wealth Management has custody of $118.04 million in cash and securities for 147 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 37% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Llbh Private Wealth Management, LLC for their services and products based on a percentage of assets under management 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 Llbh Private Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Llbh Private Wealth Management is high net worth individuals with 186 clients and $2.06 billion of assets under management. Among the 10 most similar advisory firms, Llbh Private Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.09 billion for 262 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.

Llbh Private Wealth Management doesn't advise any private funds.

Careers at Llbh Private Wealth Management, LLC

The company employs 20 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 15 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
Llc Focus Operating	Member (manager)	1 Dec 2009	75% - 100%	20-8161914
William Patrick Loftus	Manager	1 Dec 2009	Other	1453588
William Alan Lomas	Manager	1 Dec 2009	Other	1006226
James Kevin Pratt Heaney	Manager / chief executive officer / chief compliance officer	1 Dec 2009	Other	1514331
Kevin Gerard Burns	Manager	1 Dec 2009	Other	1043080
Patricia Elizabeth Perez	Director of compliance and operations	1 Mar 2010	Other	2150147
Jeffrey Marc Fuhrman	Chief operating officer	1 Jul 2013	Other	2773540

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Summit Partners Vi (Gp)	General partners	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
L.P. Summit Ventures Via	Member	1 Jan 2006	50% - 75%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Llc Focus Financial Partners	Member	1 Sep 2007	75% - 100%	16-1728260
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Managing member	1 Jul 2018	75% - 100%	47-4780811

Based in Westport

The principal office where Llbh Private Wealth Management, LLC performs its advisory services is located at Riverside Plaza, Westport, CT 06880, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-683-1530 or by fax 888-778-3892. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at llbhpwm.com.