Lucas Capital Management, L.L.C. (Red Bank)

Lucas Capital Management, L.L.C provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lucas Capital Management, L.L.C: assets under management

The assets under management (AUM) of Lucas Capital Management, L.L.C. is $182.29 million. The firm's AUM has grown by 431% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $181.35 million in discretionary accounts and $944 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $570.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $188.8 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lucas Capital Management, L.L.C. 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 Lucas Capital Management, L.L.C 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 Lucas Capital Management, L.L.C is individuals with 307 clients and $118.12 million of assets under management. Among the 9 most similar advisory firms, Lucas Capital Management, L.L.C has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $182.29 million for 323 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lucas Capital Management, L.L.C doesn't advise any private funds.

Careers at Lucas Capital Management, L.L.C.

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers

Based in Red Bank

The principal office where Lucas Capital Management, L.L.C. performs its advisory services is located at 2 Bridge Ave, Suite 221, Red Bank, NJ 07701, 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 732-758-1004 or by fax 732-741-3270. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at lucascapital.com.

Registered investment advisers similar to Lucas Capital Management, L.L.C.

• River Associates Investments
• Blair William Capital Management
• Talis Advisory Services
• Frontpoint Management (Uk)
• Disciplined Equity Management
• Lifeway Financial Corporation
• Fountainhead Am
• Pw Advisers
• Covalent Partners
• Gedi
• Greenwich Harbour Capital
• T2 Am
• Paradiem
• Wynn Capital Management
• Dara Capital Us