Lau Associates LLC (Greenville)

Name: Lau Associates LLC
Address: 20 Montchanin Road, Greenville, DE, 19807
Telephone: 302-792-5955

Lau Associates LLC is a large advisory firm based in Greenville. It manages $650 million of regulatory assets for 161 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Delaware, Florida, and 7 other states.

Lau Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax return preparation and bill pay service. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lau Associates: assets under management

The assets under management (AUM) of Lau Associates LLC is $650 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $650 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.04 million each.

Lau Associates has custody of $315.4 million in cash and securities for 105 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lau Associates LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jacob Dorsey Weaver serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jacob Dorsey Weaver is high net worth individuals with 113 clients and $626 million of assets under management. Among the 6 most similar advisory firms, Lau Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $650 million for 161 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.

Lau Associates doesn't advise any private funds.

Careers at Lau Associates LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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.

Jacob Dorsey Weaver has been acting as President since 1 Jan 2016. Thomas Martin Weary has served as the Chief Investment Officer since 1 Mar 2011 and Jorge Ramon Rueda is the Chief Executive Officer of Lau Associates LLC family office. Stephen Michael Wellman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Judith Wisdom Lau	Founder	1 Apr 1985	Other	2269961
Judith Lau	President	1 May 1985	75% - 100%	2269961
Judith Wisdom Lau	Chief compliance officer	1 Oct 2004	Other	2269961
Judith Lau	Chief compliance officer	1 Oct 2004	75% - 100%	2269961
Jnj Holdings Llc	Sole shareholder	1 Jan 2005	75% - 100%	54-2097531
Bryn Mawr Bank Corporation	Sole member	1 Jul 2008	75% - 100%	23-2434506
Judith Wisdom Lau	President and manager	1 Jul 2008	Other	2269961
Halberstadt L Geoffrey	Secretary and manager	1 Jul 2008	Other	5593944
Frederick Charles Peters	Chairman and manager	1 Jul 2008	Other	4357615
Francis J Leto	Chairman and manager	1 Jul 2008	Other	5775843
Lucinda Lea Peterson	Treasurer and manager	1 Nov 2008	Other	4405205
Thomas Martin Weary	Chief investment officer	1 Mar 2011	Other	1907096
Jorge Ramon Rueda	Chief executive officer	1 Sep 2011	Other	5014516
Harry Rosengarten Madeira	Director and manager	1 Dec 2014	Other	2559062
Jacob Dorsey Weaver	President	1 Jan 2016	Other	4791111
Laura Davlin Granger	Chief compliance officer	1 Mar 2017	Other	2603849
Stephen Michael Wellman	Chief compliance officer	1 Jul 2019	Other	2080023

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Judith Wisdom Lau	Sole shareholder	1 Jan 1985	75% - 100%	2269961
Lau & Associates Ltd.	Member	1 Apr 2003	75% - 100%	51-0285349
Judith Wisdom Lau	Sole shareholder	1 Apr 2003	75% - 100%	2269961

Based in Greenville

The principal office where Lau Associates LLC performs its advisory services is located at 20 Montchanin Road, Greenville, DE 19807, 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 302-792-5955 or by fax 302-792-1833. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at lauassociates.net.