Layline Advisors, LLC (Rochester)

Name: Layline Advisors, LLC
Address: 17 Prince St., Rochester, NY, 14607
Telephone: (585)210-8222

Layline Advisors, LLC is a mid-sized advisory firm based in Rochester. It manages $31.74 million of regulatory assets for 159 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Maine, New York, and Texas.

Layline Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Layline Advisors: assets under management

The assets under management (AUM) of Layline Advisors, LLC is $31.74 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $27.18 million in discretionary accounts and $4.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $146.97 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Layline Advisors, 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 Layline Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Layline Advisors is high net worth individuals with 22 clients and $25.15 million of assets under management. Among the 1 most similar advisory firms, Layline Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $31.74 million for 55 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.

Layline Advisors doesn't advise any private funds.

Careers at Layline Advisors, 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.

Based in Rochester

The principal office where Layline Advisors, LLC performs its advisory services is located at 17 Prince St., Rochester, NY 14607, which is also the mailing address of the firm. An additional office of the firm is in Topsham, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (585)210-8222. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at laylineadvisors.com and its LinkedIn profile.