Lumbard & Kellner, LLC (Hollis)

Name: Lumbard & Kellner, LLC
Address: 5 Hutchings Drive, Hollis, NH, 03049 0749
Telephone: 603-465-7700

Lumbard & Kellner, LLC is a large advisory firm based in Hollis. It manages $176.88 million of regulatory assets for 204 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Illinois, Massachusetts, New Hampshire, and Texas.

Lumbard & Kellner provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lumbard & Kellner: assets under management

The assets under management (AUM) of Lumbard & Kellner, LLC is $176.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $867.05 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lumbard & Kellner, LLC 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 Lumbard & Kellner serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lumbard & Kellner is high net worth individuals with 60 clients and $143.47 million of assets under management. Among the 10 most similar advisory firms, Lumbard & Kellner has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $167.16 million for 112 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.

Lumbard & Kellner doesn't advise any private funds.

Careers at Lumbard & Kellner, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
John Ashmore Lumbard	Manager	1 Apr 1990	25% - 50%	852824
Jean Ashmore Lumbard	Member	1 Apr 1990	Other	4512638
Gordon Alan Russell	Member	1 Apr 1990	Other	4512707
Michael Allen Collora	Member	1 Apr 1990	Other	4512729
Peter Boyd Coz	Member	1 Apr 1990	Other	4512739
Drew Dawson Kellner	Member, chief compliance officer	1 Jun 2005	Other	4923489
Anne Russell	Member	1 Jun 2013	Other	6313796

Based in Hollis

The principal office where Lumbard & Kellner, LLC performs its advisory services is located at 5 Hutchings Drive, Hollis, NH 03049 0749 The mailing address of the firm is Post Office Box 749, Hollis, NH 03049 0749. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-465-7700 or by fax 603-465-7774. The normal business hours are 9:00 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lumbard.com.