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 $100K | 2.75% |
| $100K - $500K | 2.50% |
| $500K - $1000K | 2.25% |
| $1M+ | 2.00% |
Fees are negotiable.
Fee Estimator
Lantern Wealth Advisors offers wrap fee programs where you pay a single fee covering investment advice, brokerage, and custodial services. The annual fee is based on your portfolio size. For both the Private Portfolio and Mutual Funds/ETFs programs, the fee is 2.75% for assets up to $99,999, 2.50% for $100,000-$499,999, 2.25% for $500,000-$999,999, and 2.00% for $1,000,000 and above. The minimum annual fee per account is $1,375. These fees are negotiable. Additional fees may apply for certain services like wire transfers and paper statements.
Areas of Practice
Advisor Information
Office location
845 Third Avene Suite 1703, New York, NY, 10022-7513
Get directionsRegulatory History (1)
Customer Dispute
October 1996Other Business ActivitiesSells Insurance
Mario is the president of Herold Insurance Agency, Inc. since 1987, selling life insurance, and owns 1190 Hylan Realty Co. since 1992, managing real estate; these activities take minimal time. He also works as an Investment Advisor Representative for Herold Advisors (about half his time) and Lantern Wealth Advisors (a few hours per week).