Lji Wealth Management, LLC (Indianapolis)

Name: Lji Wealth Management, LLC
Address: 6569 Carrollton Avenue, Indianapolis, IN, 46220
Telephone: 317-466-9702

Lji Wealth Management, LLC is a large advisory firm based in Indianapolis. It manages $244.04 million of regulatory assets for 1,593 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Illinois, Indiana, and Pennsylvania.

Lji Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as mortgage broker.

Lji Wealth Management: assets under management

The assets under management (AUM) of Lji Wealth Management, LLC is $244.04 million. The firm's AUM has grown by 542% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $241.2 million in discretionary accounts and $2.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $472.73 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% 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 Lji Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Layton Leon John serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Layton Leon John is individuals with 559 clients and $144.74 million of assets under management. Among the 11 most similar advisory firms, Lji Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $244.04 million for 613 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.

Lji Wealth Management doesn't advise any private funds.

Careers at Lji Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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 don’t receive compensation from other entities for client referrals.

Layton Leon John has been acting as President since 1 Oct 2008. Joshua David John joined the executive team most recently as the Investment Adviser Representative.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ann Marie John	Managing member and chief compliance officer	1 Oct 2007	75% - 100%	5438036
Layton Leon John	President	1 Oct 2008	75% - 100%	2510251
Bradley Heath Owens	Chief compliance officer	1 Oct 2008	Other	2514692
Bradley Heath Owens	Chief compliance officer	1 Feb 2012	Other	2514692
Joshua David John	Investment adviser representative	1 Aug 2016	Other	4408231
Daniel Keith Lucas	Investment adviser representative	1 Aug 2016	Other	5019712
Jonathan William Russell	Investment adviser representative	1 Aug 2016	Other	6101846

Based in Indianapolis

The principal office where Lji Wealth Management, LLC performs its advisory services is located at 6569 Carrollton Avenue, Indianapolis, IN 46220, which is also the mailing address of the firm. An additional office of the firm is in Canonsburg, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-466-9702 or by fax 317-466-9706. The normal business hours are 8:00 a.m. to 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at ljiwm.com.