Lionshead Wealth Management, LLC (New York)

Name: Lionshead Wealth Management, LLC
Address: 1212 Avenue Of The Americas, New York, NY, 10036
Telephone: 212-967-5466

Lionshead Wealth Management, LLC is a mid-sized advisory firm based in New York. It manages $79.63 million of regulatory assets for 261 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, New Jersey, and New York.

Lionshead Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and financial consulting services & micro family office services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lionshead Wealth Management: assets under management

The assets under management (AUM) of Lionshead Wealth Management, LLC is $79.63 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $63.81 million in discretionary accounts and $15.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $263.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $832.58 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in other assets form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lionshead Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed 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 Lionshead Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lionshead Wealth Management is high net worth individuals with 22 clients and $61.01 million of assets under management. Among the 2 most similar advisory firms, Lionshead Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $79.63 million for 74 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.

Lionshead Wealth Management doesn't advise any private funds.

Careers at Lionshead Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Scott David Lasky	Managing member and chief compliance officer	1 Apr 2017	75% - 100%	2681791

Based in New York

The principal office where Lionshead Wealth Management, LLC performs its advisory services is located at 1212 Avenue Of The Americas, New York, NY 10036, 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 212-967-5466 or by fax 212-954-5025. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at lionsheadwealth.com.