Lafayette Advisors LLC (Norfolk)

Lafayette Advisors LLC is a related adviser based in Norfolk. It manages $66.66 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of North Carolina, South Carolina, and Virginia.

Lafayette Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lafayette Advisors: assets under management

The assets under management (AUM) of Lafayette Advisors LLC is $66.66 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $66.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $66.66 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lafayette 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 Lafayette Advisors serves?

The only and largest group of clients of Lafayette Advisors is pooled investment vehicles with 1 clients and $66.66 million of assets under management. Among the 3 most similar advisory firms, Lafayette Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $66.66 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Lafayette Advisors doesn't advise any private funds.

Careers at Lafayette Advisors LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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
Wayne Freeman Wilbanks	President, class a manager	1 Jul 2012	Other	1039562
Smith & Thomas Asset Management Llc Wilbanks	Member	1 Jul 2012	50% - 75%	106060
Jennifer Marie Belshe	Vice president & class b manager	1 Aug 2013	Other	5730000
David James Kyle Elliott	Assistant vice president	1 Mar 2014	Other	2488959
Roger Herman Scheffel	Assistant vice president	1 Mar 2014	Other	4298675
Christopher George Connelly	Assistant vice president	1 Mar 2014	Other	4458247
Sarah Elizabeth Larkin	Chief compliance officer	1 Apr 2014	Other	6329983
Theresa Ann Garber	Chief financial officer	1 Apr 2014	Other	5636592
Sherri Lynn Smith	Chief financial officer	1 Aug 2014	Other	6400451
Sherri L Smith	Chief financial officer	1 Aug 2014	Other	6400451
Matthew Ashley Swendiman	Chief compliance officer	1 Feb 2017	Other	2849367
Patrick Daniel Hayes	Chief compliance officer	1 Sep 2017	Other	6571587
Novus Advisors	Member	1 Aug 2103	50% - 75%	157908

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Falcon Mezzanine Investments Ii	General partner	1 Apr 2005	Other	20-2506131
Llc Wealthtrust	Member	1 Nov 2006	25% - 50%	20-5389611
Wealthtrust Holdings Company	Member	1 Nov 2006	75% - 100%	20-5576278
Wealthtrust Holdings Llc	Shareholder	1 Nov 2006	75% - 100%	20-5493778
Falcon Mezzanine Partners Ii Lp	Member	1 Nov 2006	75% - 100%	20-2506252
Wayne Freeman Wilbanks	Member	1 Dec 2009	75% - 100%	1039562
Llc Wilbanks Family	Member	1 Jan 2010	25% - 50%	vascc312417-1
Jennifer Marie Belshe	Member	1 Mar 2011	50% - 75%	5730000
Christopher George Connelly	Member	1 Mar 2011	50% - 75%	4458247
Emmet Francis Martin	Member	1 Mar 2011	25% - 50%	3053367
Affiliated Wealth Partners Holdings Llc	Member-managed	1 Sep 2015	75% - 100%	47-4536791
Awp Ii Llc	Member-managed	1 Sep 2015	75% - 100%	47-4845839
Awp I Lp	Member-managed	1 Sep 2015	75% - 100%	47-5311229
Lp Rosemont Partners Iii	Member	1 Sep 2016	25% - 50%	27-3667035

Based in Norfolk

The principal office where Lafayette Advisors LLC performs its advisory services is located at 150 West Main Street, Norfolk, VA 23510, which is also the mailing address of the firm. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 757-623-3676 or by fax 757-627-2943. The normal business hours are 8:00am - 5:00pm on Monday - Friday.