Lrn Associates Ltd. (Great Neck)

Name: Lrn Associates Ltd.
Address: 40 Cuttermill Road, Great Neck, NY, 11021
Telephone: 516-883-7113

Lrn Associates Ltd. is a mid-sized advisory firm based in Great Neck. It manages $35.76 million of regulatory assets for 75 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Lrn Associates provides financial planning services, portfolio management for individuals and small businesses, educational seminars and workshops, and financial consultations. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lrn Associates: assets under management

The assets under management (AUM) of Lrn Associates Ltd. is $35.76 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.41 million in discretionary accounts and $25.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $315.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $603.65 thousand.

Lrn Associates has custody of $889.03 thousand in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lrn Associates Ltd. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lynn Renee Najman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lynn Renee Najman is high net worth individuals with 23 clients and $33.78 million of assets under management. Among the 1 most similar advisory firms, Lrn Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $34.59 million for 29 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lrn Associates doesn't advise any private funds.

Careers at Lrn Associates Ltd.

The company employs 1 person that is either a part- or full-time employee. 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
Lynn Renee Najman	President/cco	1 Jul 1999	75% - 100%	724958

Based in Great Neck

The principal office where Lrn Associates Ltd. performs its advisory services is located at 40 Cuttermill Road, Great Neck, NY 11021, 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 516-883-7113. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at lrnassociates.com.