Lm Waterhouse & Co., Inc. (Valhalla)


Lm Waterhouse & Co., Inc. is a large advisory firm based in Valhalla. It manages $300 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Lm Waterhouse & Co. provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lm Waterhouse & Co.: assets under management

The assets under management (AUM) of Lm Waterhouse & Co., Inc. is $300 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $150 million in discretionary accounts and $150 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $30 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30 million.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in government bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lm Waterhouse & Co., Inc. for their services and products based on a percentage of assets under management. 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.

Careers at Lm Waterhouse & Co., Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lawrence Michael Waterhouse Consultant of counsel 1 Feb 1981 75% - 100% 815434
Patrick Robert Waterhouse Co - chief executive officer 1 Sep 2000 Other 2092587
Kevin Charles Waterhouse Co-chief executive officer 1 Jan 2001 Other 2092305
Kyle Laning Groff Vice president - chief compliance officer 1 May 2005 Other 1546061

Based in Valhalla

The principal office where Lm Waterhouse & Co., Inc. performs its advisory services is located at 100 Summit Lake Drive Suite 140, Valhalla, NY 15095, 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 9149605635 or by fax NONE. The normal business hours are 9 - 5 on Monday - Friday. You can find more information about the New York firm at lmwaterhouse.com.

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