Further Lane Asset Management, LLC (New York)

Further Lane Asset Management, LLC is a mid-sized advisory firm based in New York. It manages $85.87 million of regulatory assets for 212 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Delaware, and 14 other states.

Further Lane Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Further Lane Asset Management: assets under management

The assets under management (AUM) of Further Lane Asset Management, LLC is $85.87 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.09 million in discretionary accounts and $4.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $438.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $177.31 thousand.

Further Lane Asset Management has custody of $458.6 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Further Lane Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Further Lane Asset Management, LLC

Joseph Michael Araiz has been acting as President since 1 Jun 1997. Steven Craig Jackson has served as the Chief Investment Officer since 1 Dec 2004. Trust U/I Joseph Michael Araiz joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Michael Araiz	President	1 Jun 1997	75% - 100%	1278925
Sandra Ramirezaraiz	Senior vice president and secretary	1 Feb 2000	Other	2303691
Matthew Gerard Bennett	Senior vice president	1 Feb 2000	Other	1331251
Robert H Schmidt	Senior vice president, manager	1 Feb 2000	Other	2127608
Julie Lyn Knauer	Vice president	1 Feb 2000	Other	2341983
Sandra Ramirez Araiz	Senior vice president and secretary	1 Feb 2000	Other	2303691
Julie Lynn Knauer	Vice president	1 Feb 2000	Other	2341983
Fred Ivan Goldberg	Senior vice president	1 Oct 2000	Other	1148858
Steven Craig Jackson	Chief investment officer	1 Dec 2004	Other	1450576
Marc Lowlicht	President of wealth management division	1 Apr 2005	Other	1848642
Lawrence Eichler	Chief investment officer of wealth managment division white plains	1 Apr 2005	Other	2634762
Kevin Bradley Miller	Portfolio manager	1 Jan 2008	Other	3263608
James Ira Midanek	Fund manager	1 Jul 2010	Other	1243042
Steven David Spence	Senior managing director	1 May 2012	Other	2667444
Aileen Marie Doherty	Chief compliance officer & trustee	1 Feb 2013	Other	2387895
Trust U/I Joseph Michael Araiz	Member	1 Nov 2013	75% - 100%	46-7114878

Based in New York

The principal office where Further Lane Asset Management, LLC performs its advisory services is located at 555 Madison Ave, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in East Hampton, NY. It doesn’t run an office outside of the United States.