Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 1.55% |
| $250K - $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1M+ | 1.00% |
Fees are subject to negotiation.
Fee Estimator
LBA offers several managed account programs with different fee structures. Traditional LBA Managed Accounts have tiered fees based on assets under management. Financial planning and consulting services are available on a stand-alone basis, starting at $4,000 annually. The FMAX program charges a fee based on a percentage of assets in the account. Dollar Investment Club (DINC) has a different fee schedule. There is a minimum annual fee of $25 per account to be in the DINC program and IRAs will be charged $30 per year. Clients may also incur additional fees such as ticket charges, mutual fund expenses, and IRA fees.
Areas of Practice
Advisor Information
Office location
9 Albany Street, Cazenovia, NY, 13035
Get directionsRegulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Charles is a 50% owner of The Sovik Group, Inc., selling health, life, disability, and long-term care insurance, dedicating about half of his time to this activity. He also spends a few hours per week with Historic Boat Tours on Cazenovia Lake, which is not investment-related.