Lamia Financial Group, Inc. (Thousand Oaks)

Name: Lamia Financial Group, Inc.
Address: 100 E. Thousand Oaks Blvd. Suite 200, Thousand Oaks, CA, 91360
Telephone: 805-494-3416

Lamia Financial Group, Inc. is a large advisory firm based in Thousand Oaks. It manages $306.62 million of regulatory assets for 792 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Texas.

Lamia Financial Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lamia Financial Group: assets under management

The assets under management (AUM) of Lamia Financial Group, Inc. is $306.62 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 71% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $306.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $387.15 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is government bonds, which make up 13% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lamia Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Lamia Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lamia Financial Group is high net worth individuals with 161 clients and $228.25 million of assets under management. Among the 10 most similar advisory firms, Lamia Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $304.33 million for 295 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.

Lamia Financial Group doesn't advise any private funds.

Careers at Lamia Financial Group, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Lamia Financial Group, Inc. is owned by Jeffrey Arnold Borenstein. Christopher Anthony Lamia joined the executive team most recently as the President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Anthony Lamia	President and chief compliance officer	1 Mar 2008	75% - 100%	2374768
Jeffrey Arnold Borenstein	Owner	1 Jan 2014	Other	3181733

Based in Thousand Oaks

The principal office where Lamia Financial Group, Inc. performs its advisory services is located at 100 E. Thousand Oaks Blvd. Suite 200, Thousand Oaks, CA 91360, 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 805-494-3416 or by fax 805-725-3416. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at lamiafinancial.com.