Athena Capital Advisors LLC (Lincoln)

Name: Athena Capital Advisors LLC
Address: 55 Old Bedford Rd, Lincoln, MA, 01773
Telephone: 781-274-9300

Athena Capital Advisors LLC is a large advisory firm based in Lincoln. It manages $5.82 billion of regulatory assets for 429 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Massachusetts, and New York.

Athena Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and private placement management. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Athena Capital Advisors: assets under management

The assets under management (AUM) of Athena Capital Advisors LLC is $5.82 billion. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.21 billion in discretionary accounts and $610.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.98 million.

Athena Capital Advisors has custody of $2.22 billion in cash and securities for 663 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 30% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in pooled investment vehicles form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Athena Capital Advisors LLC for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients David Stephen Lynch serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of David Stephen Lynch is high net worth individuals with 36 clients and $4.75 billion of assets under management. Among the 9 most similar advisory firms, Athena Capital Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.28 billion for 44 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.

Athena Capital Advisors also advises several private funds. Namely, one hedge fund and six other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Athena Capital Advisors LLC

The company employs 50 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 16 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Stephen Lynch has been acting as President since 1 Jul 2015. Beth Lehman joined the executive team most recently as the Deputy General Counsel & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lisette Scott Cooper	President	1 Oct 1993	Other	1795128
Ann Creighton Burnham	Chief compliance officer	1 Apr 2004	Other	5031716
Kenneth William Cooperman	Managing director	1 Mar 2007	Other	1443557
Lisette Scott Cooper	Founder, ceo, cio	1 Dec 2007	Other	1795128
Inc Athena Capital Advisors	Member class a	1 Dec 2007	75% - 100%	94-3194271
Ned Investments Llc	Member class a	1 Dec 2007	Other	20-4387033
John T Grady	Managing director	1 Apr 2008	Other	4753871
Kimberly Rector Clouse	Managing director	1 Apr 2008	Other	2346017
Leonard Lawrence Lewin	Managing director	1 Apr 2008	Other	5624635
John Thomas Grady	Managing director	1 Apr 2008	Other	4753871
Leonard Lawrence Lewin	Managing partner & president, general counsel	1 Jan 2010	Other	5624635
Anne Marie Towle	Managing partner	1 Jan 2010	Other	5753823
David Stephen Lynch	Managing partner	1 Jan 2010	Other	5662812
Lisette Scott Cooper	Managing director	1 Jan 2010	Other	1795128
Zung Tri Nguyen	Managing director	1 Jan 2013	Other	1580657
Llc. Athena Equity Holdings	Class a member	1 Dec 2014	Other	47-2344959
Dana Keith O'brien	Vp legal affairs, chief compliance officer	1 Jan 2015	Other	5616775
Katharine Marshall Huntington	Managing director	1 Feb 2015	Other	5626060
John Howard Tyler	Managing director	1 Feb 2015	Other	6457675
John Tyler	Managing director	1 Feb 2015	Other	6457675
Ccm Aca Holdings Llc	Class a member	1 Mar 2015	Other	32--4593
Leonard Lawrence Lewin	Managing partner, vice chairman & general counsel	1 Jul 2015	Other	5624635
David Stephen Lynch	President	1 Jul 2015	Other	5662812
Dana Keith O'brien	Vp,deputy general counsel, chief compliance officer	1 Jul 2015	Other	5616775
Melissa Ann Mattison	Chief operating officer	1 Jul 2015	Other	6536137
William F Mccalpin	Managing partner	1 Nov 2016	Other	6278198
Amy Carpenter Spector	Vice president, chief financial officer	1 Jan 2017	Other	6776988
Tyler Perry Rodday	Managing director	1 Feb 2017	Other	4483709
Erick Roscoe Rawlings	Managing director	1 Feb 2017	Other	6004830
Alex Matthew Paul	Managing director	1 Feb 2017	Other	4493608
Amy Carpenter Spector	Chief financial officer	1 Feb 2017	Other	6776988
Douglas Matthew Cohen	Managing director	1 Apr 2017	Other	2510583
Todd Adam Burchett	Managing director	1 Apr 2017	Other	5030627
Bethanie B Bullock	Managing director	1 Jan 2018	Other	6932490
Bethanie B Bullock	Managing director	1 Feb 2018	Other	6932490
Beth Lehman	Deputy general counsel & chief compliance officer	1 Jul 2019	Other	5516572

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Robert Karp	Owner	1 Feb 2006	75% - 100%	5493290
Stephen Robert Karp	Managing member	1 Dec 2007	75% - 100%	5493290
Athena Capital Business Trust (Ma)	Member class a	1 Dec 2007	75% - 100%	94-3194271
Philip Alan Cooper	Trustee	1 Dec 2007	25% - 50%	3230116
Philip Alan Cooper	Managing member	1 Apr 2013	25% - 50%	3230116
Douglas Carl Grip	Managing member	1 Feb 2015	50% - 75%	1554683
Douglas Carl Grip	Managing member	1 Mar 2015	50% - 75%	1554683
Leonard Lawrence Lewin	Member	1 Dec 2016	25% - 50%	5624635

Based in Lincoln

The principal office where Athena Capital Advisors LLC performs its advisory services is located at 55 Old Bedford Rd, Lincoln, MA 01773, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-274-9300 or by fax 781-274-9190. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at athenacapital.com.