Laidlaw Asset Management, LLC (New York)

Name: Laidlaw Asset Management, LLC
Address: 521 Fifth Ave, New York, NY, 10175
Telephone: 212-697-5200

Laidlaw Asset Management, LLC is a large advisory firm based in New York. It manages $107.1 million of regulatory assets for 396 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

Laidlaw Asset Management 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.

Laidlaw Asset Management: assets under management

The assets under management (AUM) of Laidlaw Asset Management, LLC is $107.1 million. The firm's AUM has grown by 241% since the beginning of its operation, and $4.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $103.04 million in discretionary accounts and $4.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.14 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 47% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Laidlaw Asset Management, 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 Laidlaw Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Laidlaw Asset Management is individuals with 361 clients and $58.85 million of assets under management. Among the 7 most similar advisory firms, Laidlaw Asset Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $107.1 million for 396 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.

Laidlaw Asset Management doesn't advise any private funds.

Careers at Laidlaw Asset Management, LLC

The company employs 2 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
Plc Laidlaw Holdings	Owner	1 Apr 2009	75% - 100%	98-0536643
John Payson Tesei	Trustee of the buff trust	1 Apr 2009	Other	5504936
Alex Shtaynberger	National branch manager/cco	1 Apr 2009	Other	2077298

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Garnet Trust	Owner	1 Oct 2008	50% - 75%	36-7299031
Buff Trust	Owner	1 Oct 2008	50% - 75%	36-7299030

Based in New York

The principal office where Laidlaw Asset Management, LLC performs its advisory services is located at 521 Fifth Ave, New York, NY 10175, 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 212-697-5200 or by fax 212-697-1096. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at laidlawltd.com.