Lara, May & Associates, LLC (Falls Church)

Name: Lara, May & Associates, LLC
Address: 7600 Leesburg Pike, Falls Church, VA, 22043
Telephone: 703-827-2300

Lara, May & Associates, LLC is a large advisory firm based in Falls Church. It manages $424.03 million of regulatory assets for 1,166 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Virginia.

Lara, May & Associates provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lara, May & Associates: assets under management

The assets under management (AUM) of Lara, May & Associates, LLC is $424.03 million. The firm's AUM has grown by 16% since the beginning of its operation, and $935.08 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $150.56 million in discretionary accounts and $273.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $505.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $315.06 thousand.

Lara, May & Associates has custody of $422.28 million in cash and securities for 1,030 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 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lara, May & Associates, 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 Edward Ronald Lara serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Edward Ronald Lara is individuals with 701 clients and $342.18 million of assets under management. Among the 9 most similar advisory firms, Lara, May & Associates has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $420.6 million for 724 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.

Lara, May & Associates doesn't advise any private funds.

Careers at Lara, May & Associates, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 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.

Edward Ronald Lara has been acting as President since 1 Jan 2014. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	100 % owner	1 Oct 2007	75% - 100%	20-8161914
Scott Taylor Walker	Chief financial officer, finop	1 Jan 2010	Other	5720618
Edward Ronald Lara	Ceo	1 Jul 2010	Other	302498
Jennifer Lara Szaro	Chief compliance officer	1 Feb 2011	Other	4395464
Richard Ronald Romero	Chief operating officer	1 Jun 2012	Other	2381082
Jennifer Lara Szaro	Chief compliance officer, finop	1 May 2013	Other	4395464
Edward Ronald Lara	President	1 Jan 2014	Other	302498
Charles Ralph Shaw	Chief executive officer	1 Jan 2014	Other	2530142

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3568448
Summit Ventures Vi A L.P.	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Lp Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Falls Church

The principal office where Lara, May & Associates, LLC performs its advisory services is located at 7600 Leesburg Pike, Falls Church, VA 22043, which is also the mailing address of the firm. An additional office of the firm is in Frisco, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-827-2300 or by fax 703-827-2314. The normal business hours are 9:00am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at laramayllc.com/.