Luther Forest Wealth Advisors, L.L.C. (Malta)

Name: Luther Forest Wealth Advisors, L.L.C.
Address: 2715 Route 9, Malta, NY, 12020
Telephone: 518-899-5904

Luther Forest Wealth Advisors, L.L.C. is a mid-sized advisory firm based in Malta. It manages $50.49 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida and New York.

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

Luther Forest Wealth Advisors, L.L.C: assets under management

The assets under management (AUM) of Luther Forest Wealth Advisors, L.L.C. is $50.49 million. The firm's AUM has grown by 36% since the beginning of its operation, and $1.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $50.47 million in discretionary accounts and $16.46 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $16.46 thousand.

Luther Forest Wealth Advisors, L.L.C has custody of $10.5 million in cash and securities for 38 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 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Luther Forest Wealth Advisors, L.L.C. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Luther Forest Wealth Advisors, L.L.C serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Luther Forest Wealth Advisors, L.L.C is individuals with 222 clients and $29.94 million of assets under management. Among the 2 most similar advisory firms, Luther Forest Wealth Advisors, L.L.C has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $48.75 million for 235 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Luther Forest Wealth Advisors, L.L.C doesn't advise any private funds.

Careers at Luther Forest Wealth Advisors, L.L.C.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Daniel Robert Kumlander	Member	1 Sep 2006	Other	4503688
Timothy William Pehl	Managing member	1 Sep 2006	50% - 75%	2981855
Robert Richard Roback	Member	1 Sep 2006	50% - 75%	4377634
Sr. Robert Richard Roback	Managing member	1 Sep 2006	50% - 75%	4377634
Kenneth Edward Hay	Member	1 Jan 2010	Other	5767383
Robert Richard Roback Jr.	Member	1 May 2011	Other	5924509
Robert Richard Roback Jr.	Member, chief compliance officer	1 Jan 2013	Other	5924509

Based in Malta

The principal office where Luther Forest Wealth Advisors, L.L.C. performs its advisory services is located at 2715 Route 9, Malta, NY 12020, 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 518-899-5904 or by fax 518-899-4974. The normal business hours are 8:30 to 4:30 on Monday - Friday. You can find more information about the New York firm at lutherforestwealthadvisors.com.