The L. Warner Companies, Inc (Timonium)

Name: The L. Warner Companies, Inc
Address: 9690 Deereco Road, Timonium, MD, 21093
Telephone: 410-252-0808

The L. Warner Companies, Inc is a large advisory firm based in Timonium. It manages $421.18 million of regulatory assets for 296 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, District of Columbia, Florida, and 6 other states.

The L. Warner Companies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and business consulting and plan administration services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The L. Warner Companies: assets under management

The assets under management (AUM) of The L. Warner Companies, Inc is $421.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $421.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.42 million each.

The L. Warner Companies has custody of $16.62 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 72% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The L. Warner Companies, Inc for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lee William Warner serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Lee William Warner is high net worth individuals with 188 clients and $364.79 million of assets under management. Among the 11 most similar advisory firms, The L. Warner Companies has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $404.15 million for 292 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.

The L. Warner Companies doesn't advise any private funds.

Careers at The L. Warner Companies, Inc

The company employs 62 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 11 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.

Lee William Warner has been acting as President since 1 Sep 1999. Richard Dale Keidan joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lee William Warner	Chairman/chief executive officer	1 Sep 1999	75% - 100%	1008889
Edwin Scott Killinger	Chief compliance officer	1 Sep 1999	Other	2426783
Ilene Salcman	Vice president	1 Sep 1999	Other	3196798
Highland Capital Holding Corporation	Parent corporation	1 Sep 1999	75% - 100%	72-1373566
John Forrest Collier	Vice president & director	1 Sep 1999	Other	3278785
William Todd Carlisle	Vice president, secretary & director	1 Sep 1999	Other	3079719
Keith D Duke	Vice president, treasurer & director	1 Sep 1999	Other	3278795
Keith Dwayne Duke	Vice president, treasurer & director	1 Sep 1999	Other	3278795
Garland Russell Smith	Assistant treasurer	1 Jul 2000	Other	4371238
Peter Earl Barber	Assistant secretary	1 Feb 2001	Other	4371227
James Robert Shirley	Assistant treasurer	1 Oct 2002	Other	4070057
Richard Dale Keidan	Director	1 Mar 2004	Other	1173501

Based in Timonium

The principal office where The L. Warner Companies, Inc performs its advisory services is located at 9690 Deereco Road, Timonium, MD 21093, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-252-0808 or by fax 443-836-0507. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at lwarner.com.