Lesesne Capital Management Inc (Atlanta)


Lesesne Capital Management Inc is a large advisory firm based in Atlanta. It manages $715.38 million of regulatory assets for 1,575 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 4 other states.

Lesesne Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lesesne Capital Management: assets under management

The assets under management (AUM) of Lesesne Capital Management Inc is $715.38 million. The firm's AUM has grown by 836% since the beginning of its operation, and $284.07 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $700.11 million in discretionary accounts and $15.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $347.08 thousand.
Lesesne Capital Management has custody of $146.99 million in cash and securities for 133 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 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lesesne Capital Management Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Warren Wellington Wick serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Warren Wellington Wick is high net worth individuals with 205 clients and $550.74 million of assets under management. Among the 10 most similar advisory firms, Lesesne Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $689.45 million for 430 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.

Lesesne Capital Management doesn't advise any private funds.

Careers at Lesesne Capital Management Inc

The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Warren Wellington Wick has been acting as President since 1 Aug 2005. Charles Brandon Downs joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brannon Barclay Lesesne President 1 Jul 1969 75% - 100% 307213
Warren Wellington Wick Vice president 1 May 1995 Other 600232
Warren Wellington Wick President 1 Aug 2005 25% - 50% 600232
Brannon Barclay Lesesne Chairman,cco 1 Aug 2005 25% - 50% 307213
William Joseph Cohen Principal 1 Apr 2009 25% - 50% 4740829
William Joseph Cohen Principal/chief compliance officer 1 Mar 2010 50% - 75% 4740829
Brannon Barclay Lesesne Chairman 1 Mar 2010 Other 307213
Brannon Barclay Lesesne Chairman 1 Aug 2010 Other 307213
Jennifer Irene Storey Principal 1 Apr 2013 Other 3026941
Eric Bowen Toole Principal 1 Oct 2015 Other 4557002
Charles Brandon Downs Principal 1 Oct 2015 Other 5188953
Charles Brandon Downs Chief compliance officer 1 Aug 2017 Other 5188953

Based in Atlanta

The principal office where Lesesne Capital Management Inc performs its advisory services is located at 3630 Peachtree Road Ne, Atlanta, GA 30326, which is also the mailing address of the firm. An additional office of the firm is in Savannah, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-231-3414 or by fax 404-231-9732. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at oakbridgepartners.com.