Lampe, Conway & Co. LLC (New York)

Name: Lampe, Conway & Co. LLC
Address: 680 Fifth Avenue Suite 1202, New York, NY, 10019 5429
Telephone: 212-581-8989

Lampe, Conway & Co. LLC is a mid-sized advisory firm based in New York. It manages $73.5 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2005.

Lampe, Conway & provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lampe, Conway &: assets under management

The assets under management (AUM) of Lampe, Conway & Co. LLC is $73.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -90% since the beginning of its operation, and $33 million of the total AUM is attributable to clients outside of the United States.

The firm manages $73.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.5 million each.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 70% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lampe, Conway & Co. LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Lampe, Conway & serves?

The only and largest group of clients of Lampe, Conway & is high net worth individuals with 0 clients and $6 million of assets under management. Among the 3 most similar advisory firms, Lampe, Conway & has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6 million for 0 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 50% of the firm’s clients are foreign persons or businesses.

Lampe, Conway & also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Lampe, Conway & Co. LLC

The company employs 5 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
Richard Francis Conway	Managing member	1 Oct 1999	50% - 75%	1038966
Steven George Lampe	Managing member	1 Oct 1999	50% - 75%	1730058
Eric Alexander Schaeffer	Chief compliance officer	1 Jan 2005	Other	2428930

Based in New York

The principal office where Lampe, Conway & Co. LLC performs its advisory services is located at 680 Fifth Avenue Suite 1202, New York, NY 10019 5429, 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 212-581-8989 or by fax 212-581-8999. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at lampeconway.com.