Johnson Lyman, Inc. (Los Altos)

Name: Johnson Lyman, Inc.
Address: One First Street, Los Altos, CA, 94022
Telephone: 650-494-2733

Johnson Lyman, Inc. is a large advisory firm based in Los Altos. It manages $183.11 million of regulatory assets for 120 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of California.

Johnson Lyman provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Johnson Lyman: assets under management

The assets under management (AUM) of Johnson Lyman, Inc. is $183.11 million. The firm's AUM has grown by 69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $179.73 million in discretionary accounts and $3.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.51 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.38 million.

Johnson Lyman has custody of $98.03 million in cash and securities for 93 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 84% of the total AUM. The second-largest asset type is state and local bonds, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Johnson Lyman, Inc. for their services and products based on a percentage of assets under management and fixed 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 Catherine C Lyman serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Catherine C Lyman is high net worth individuals with 55 clients and $139.19 million of assets under management. Among the 10 most similar advisory firms, Johnson Lyman has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $183.11 million for 120 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.

Johnson Lyman doesn't advise any private funds.

Careers at Johnson Lyman, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Catherine C Lyman has been acting as President since 1 Jul 2014. Stephen Donald Johnson joined the executive team most recently as the Director, Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Donald Johnson	Shareholder, director, president & chief compliance officer	1 Apr 2009	50% - 75%	2417740
Robert A Lyman	Shareholder, director & chief financial officer	1 Apr 2009	50% - 75%	4697601
Stephen Donald Johnson	Shareholder, director, chairman & chief compliance officer	1 Jul 2012	50% - 75%	2417740
Robert A Lyman	Shareholder, director & president	1 Jul 2012	50% - 75%	4697601
Stephen Donald Johnson	Director, chairman	1 Jul 2014	Other	2417740
Robert A Lyman	Shareholder, president, director & chief compliance officer	1 Jul 2014	75% - 100%	4697601
Catherine C Lyman	Director	1 Jul 2014	Other	6369880

Based in Los Altos

The principal office where Johnson Lyman, Inc. performs its advisory services is located at One First Street, Los Altos, CA 94022, 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 650-494-2733 or by fax 650-494-2431. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at jlwealth.com.