Lotusgroup Advisors, LLC (Denver)

Name: Lotusgroup Advisors, LLC
Address: 299 Milwaukee Street, Denver, CO, 80206
Telephone: 720.593.9861

Lotusgroup Advisors, LLC is a large advisory firm based in Denver. It manages $142.59 million of regulatory assets for 710 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Colorado, New Hampshire, New York, and Texas.

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

Lotusgroup Advisors: assets under management

The assets under management (AUM) of Lotusgroup Advisors, LLC is $142.59 million. The firm's AUM has grown by 1598% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $74.7 million in discretionary accounts and $67.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $129.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $510.43 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lotusgroup Advisors, LLC for their services and products based on a percentage of assets under management. 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 Lotusgroup Advisors serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Lotusgroup Advisors is high net worth individuals with 34 clients and $87.38 million of assets under management. Among the 11 most similar advisory firms, Lotusgroup Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $142.59 million for 203 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.

Lotusgroup Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Lotusgroup Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raphael Andre Martorello	Managing partner, cco	1 Jan 2007	75% - 100%	4768833
Andleib Seth	Partner	1 Jan 2007	Other	5296525
Amanda Nicole Cohen	Chief compliance officer	1 Jan 2018	Other	6305176
Nicholas Stewart Pirnack	Partner, senior advisor	1 Jan 2019	Other	5717464
Stephanie Laura Schlemeyer	Partner, product manager	1 Jan 2019	Other	5795426

Based in Denver

The principal office where Lotusgroup Advisors, LLC performs its advisory services is located at 299 Milwaukee Street, Denver, CO 80206, 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 720.593.9861 or by fax 815-301-2669. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at lgadvisors.com/.