L&L Partners Wealth Management, LLC (Suffern)

Name: L&L Partners Wealth Management, LLC
Address: 74 Lafayette Avenue, Suite 101, Suffern, NY, 10901
Telephone: 845-368-1103

L&L Partners Wealth Management, LLC is a mid-sized advisory firm based in Suffern. It manages $49.81 million of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of New Jersey and New York.

L&L Partners Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

L&L Partners Wealth Management: assets under management

The assets under management (AUM) of L&L Partners Wealth Management, LLC is $49.81 million. The firm's AUM has grown by 12% since the beginning of its operation, and $36 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $49.8 million in discretionary accounts and $14.13 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $360.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.13 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 35% of the firm’s portfolio. Investments in exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay L&L Partners Wealth Management, 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 L&L Partners Wealth Management serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of L&L Partners Wealth Management is high net worth individuals with 38 clients and $33.14 million of assets under management. Among the 1 most similar advisory firms, L&L Partners Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $49.81 million for 66 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

L&L Partners Wealth Management doesn't advise any private funds.

Careers at L&L Partners Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dagan Alexander Lacorte	Managing member/chief compliance officer	1 Mar 2006	50% - 75%	4396486
Alberto Giovanni Libertini	Managing member	1 Mar 2006	50% - 75%	2703609

Based in Suffern

The principal office where L&L Partners Wealth Management, LLC performs its advisory services is located at 74 Lafayette Avenue, Suite 101, Suffern, NY 10901, 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 845-368-1103. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at llpartnerswealth.com.