L.S.Y., Inc (San Ramon)

Name: L.S.Y., Inc
Address: 2440 Camino Ramon, Suite 103, San Ramon, CA, 94583
Telephone: 925-866-2882

L.S.Y., Inc is a large advisory firm based in San Ramon. It manages $408.7 million of regulatory assets for 1,802 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

L.S.Y. provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

L.S.Y.: assets under management

The assets under management (AUM) of L.S.Y., Inc is $408.7 million. The firm's AUM has grown by 533% since the beginning of its operation, and $1.15 million of the total AUM is attributable to clients outside of the United States.

The firm manages $385.22 million in discretionary accounts and $23.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $250.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $88.93 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 46% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay L.S.Y., Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients L.S.Y. serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of L.S.Y. is individuals with 795 clients and $207.61 million of assets under management. Among the 11 most similar advisory firms, L.S.Y. has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $392.98 million for 929 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.

L.S.Y. doesn't advise any private funds.

Careers at L.S.Y., Inc

The company employs 46 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 44 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Clarence Yee	President, cfo, coo, chief compliance officer, treasurer, secretary	1 Mar 1973	25% - 50%	474356
Larry Chaiya Lee	Chairman of the board	1 Mar 1973	50% - 75%	305344
Nicholas Cowles Cochran	Vice-president	1 Apr 1992	Other	713570

Based in San Ramon

The principal office where L.S.Y., Inc performs its advisory services is located at 2440 Camino Ramon, Suite 103, San Ramon, CA 94583 The mailing address of the firm is Po Box 1307, San Ramon, CA 94583. An additional office of the firm is in Piedmont, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-866-2882 or by fax 925-866-8989. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at americaninvestorsco.com.