Lovett Advisors LLC (Wilmington)

Name: Lovett Advisors LLC
Address: 62 Rockford Road,, Wilmington, DE, 19806
Telephone: 302-250-4740

Lovett Advisors LLC is a large advisory firm based in Wilmington. It manages $115 million of regulatory assets for 384 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Delaware, Maryland, and Pennsylvania.

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

Lovett Advisors: assets under management

The assets under management (AUM) of Lovett Advisors LLC is $115 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $299.48 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is investment and business development companies, which make up 13% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lovett Advisors LLC 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.

What kind of clients Lovett Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lovett Advisors is high net worth individuals with 30 clients and $66.01 million of assets under management. Among the 9 most similar advisory firms, Lovett Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115 million for 120 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.

Lovett Advisors doesn't advise any private funds.

Careers at Lovett Advisors LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kim Winkelman Lovett	Managing member/chief compliance officer	1 May 2016	Other	1874496
Klfa Llc	Owner	1 May 2016	75% - 100%	27-0624317

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kim Winkelman Lovett	Managing member	1 Aug 2009	75% - 100%	1874496

Based in Wilmington

The principal office where Lovett Advisors LLC performs its advisory services is located at 62 Rockford Road,, Wilmington, DE 19806, 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 302-250-4740 or by fax 302-380-3334. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lovettadvisors.com.