Lephew Financial Services, Inc. (Rock Hill)

Name: Lephew Financial Services, Inc.
Address: 452 Lakeshore Parkway, Rock Hill, SC, 29730
Telephone: 803-329-5125

Lephew Financial Services, Inc. is a large advisory firm based in Rock Hill. It manages $205.46 million of regulatory assets for 691 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Georgia, North Carolina, and 3 other states.

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

Lephew Financial Services: assets under management

The assets under management (AUM) of Lephew Financial Services, Inc. is $205.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 569% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $205.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $297.34 thousand each.

Lephew Financial Services has custody of $140.74 million in cash and securities for 193 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 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lephew Financial Services, 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 Marsha Garvin Lephew serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Marsha Garvin Lephew is high net worth individuals with 88 clients and $152.46 million of assets under management. Among the 10 most similar advisory firms, Lephew Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $205.46 million for 215 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.

Lephew Financial Services doesn't advise any private funds.

Careers at Lephew Financial Services, Inc.

The company employs 7 people that are either part- or full-time employees. 100 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Marsha Garvin Lephew has been acting as President since 1 Jun 1999. Pauleen M Young joined the executive team most recently as the Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marsha Garvin Lephew	President	1 Jun 1999	75% - 100%	4900859
Marsha G Lephew	President	1 Jun 1999	75% - 100%	4900859
Pauleen M Young	Cco	1 Nov 2004	Other	4935525
Carol B Goodwin	Cco	1 Jan 2006	Other	5122726
Pauleen M Young	Chief operating officer/chief compliance officer	1 Apr 2010	Other	4935525

Based in Rock Hill

The principal office where Lephew Financial Services, Inc. performs its advisory services is located at 452 Lakeshore Parkway, Rock Hill, SC 29730, 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 803-329-5125 or by fax 803-980-0968. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lephew.com.