Lantern Wealth Advisors, LLC
Assets Under Management
$265.5M
Number of Clients
199
Number of Advisors
26
Average Client AUM
$1.3M
AUM per Advisor
$10.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Lantern Wealth Advisors provides discretionary investment management through its Lantern Advisor Select Plan, offering Private Portfolio and Mutual Funds/ETFs programs. They also sponsor the Lantern Select Plan, connecting clients with unaffiliated third-party investment advisers. Fees are negotiable and based on 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
Location
35 Pinelawn Road, Suite 101E, Melville, NY, 11747