Lem Capital, L.P. (Philadelphia)

Name: Lem Capital, L.P.
Address: 2400 Market Street, Philadelphia, PA, 19103 3031
Telephone: 215-557-9600

Lem Capital, L.P. is a large advisory firm based in Philadelphia. It manages $669.73 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.

Lem Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lem Capital: assets under management

The assets under management (AUM) of Lem Capital, L.P. is $669.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $669.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $133.95 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lem Capital, L.P. for their services and products based on a percentage of assets under management and performance-based 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 Lem Capital serves?

The only and largest group of clients of Lem Capital is pooled investment vehicles with 5 clients and $669.73 million of assets under management. Among the 10 most similar advisory firms, Lem Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $669.73 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Lem Capital also advises several private funds. Namely, five real estate funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Lem Capital, L.P.

The company employs 19 people that are either part- or full-time employees. 74 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 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 Lem Management Gp	General partner	1 Apr 2002	Other	02-0557297
Jay Joel Eisner	Limited partner	1 Apr 2002	25% - 50%	6012186
Jr. Herbert Lohrman Miller	Limited partner	1 Apr 2002	25% - 50%	2209530
Lp Lubert Adler	Limited partner	1 Apr 2002	25% - 50%	04-3641598
Robert Eric Emrich	Chief financial officer	1 Sep 2002	Other	4268645
Vincent Paul Mcdevitt	Chief compliance officer	1 Feb 2012	Other	3143367
Michelle Woods Vaughn	Chief compliance officer	1 Aug 2012	Other	1979315
David Marc Lazarus	Limited partner	1 Jul 2015	Other	4944971
Bradley Adam Nemzer	Chief financial officer	1 Dec 2015	Other	5114628

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Lubert Adler	Member	1 Apr 2002	25% - 50%	04-3641598
Llc Lubert Adler	General partner	1 Apr 2002	Other	04-3641611
Dean Stewart Adler	Limited partner	1 Apr 2002	25% - 50%	1443469
Ira Mark Lubert	Limited partner	1 Apr 2002	50% - 75%	2516958

Based in Philadelphia

The principal office where Lem Capital, L.P. performs its advisory services is located at 2400 Market Street, Philadelphia, PA 19103 3031, 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 215-557-9600 or by fax 215-557-9606. The normal business hours are 9 am - 5pm est on Monday - Friday. You can find more information about the New York firm at lemcapital.com.