Lion Street Advisors, LLC (Austin)

Name: Lion Street Advisors, LLC
Address: 515 Congress Ave, Austin, TX, 78701
Telephone: 512-776-8400

Lion Street Advisors, LLC is a large advisory firm based in Austin. It manages $820.89 million of regulatory assets for 3,174 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Lion Street Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Lion Street Advisors: assets under management

The assets under management (AUM) of Lion Street Advisors, LLC is $820.89 million. The firm's AUM has grown by 1543% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $549.05 million in discretionary accounts and $271.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $351.22 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lion Street Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients John Michael Lefferts serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Michael Lefferts is individuals with 1,565 clients and $549.05 million of assets under management. Among the 7 most similar advisory firms, Lion Street Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $820.89 million for 1,580 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.

Lion Street Advisors doesn't advise any private funds.

Careers at Lion Street Advisors, LLC

The company employs 85 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 71 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.

John Michael Lefferts has been acting as President since 1 May 2013. Kyle Newt Wardlaw joined the executive team most recently as the Director Of Sales Supervision.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Lion Street	Holding company	1 May 2013	75% - 100%	27-3142829
Carie Marie Heckler	Cco	1 May 2013	Other	4557559
John Michael Lefferts	President/ceo	1 May 2013	Other	1054988
Inc. Lionstreet	Holding company	1 May 2013	75% - 100%	12-3456789
John Fredrick Burmeister	President & ceo	1 Nov 2013	Other	4245451
Kyle Newt Wardlaw	Director of sales supervision	1 Mar 2014	Other	5493299

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Austin Ventures Fund X	Owner	1 Aug 2010	25% - 50%	26-3359982

Based in Austin

The principal office where Lion Street Advisors, LLC performs its advisory services is located at 515 Congress Ave, Austin, TX 78701, which is also the mailing address of the firm. An additional office of the firm is in Fargo, ND. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-776-8400 or by fax 512-776-8401. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at lionstreet.com.