Landau Arnold Laufer Wealth Management, LLC (Babylon)

Name: Landau Arnold Laufer Wealth Management, LLC
Address: 406 Deer Park Avenue, Babylon, NY, 11702
Telephone: 631-226-9600

Landau Arnold Laufer Wealth Management, LLC is a mid-sized advisory firm based in Babylon. It manages $44.06 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of New York and Texas.

Landau Arnold Laufer Wealth Management provides financial planning services and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Landau Arnold Laufer Wealth Management: assets under management

The assets under management (AUM) of Landau Arnold Laufer Wealth Management, LLC is $44.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $44.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $629.46 thousand each.

Landau Arnold Laufer Wealth Management has custody of $6.8 million in cash and securities for 6 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 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Landau Arnold Laufer Wealth Management, LLC 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 Landau Arnold Laufer Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Landau Arnold Laufer Wealth Management is high net worth individuals with 15 clients and $37.85 million of assets under management. Among the 2 most similar advisory firms, Landau Arnold Laufer Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $44.06 million for 22 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.

Landau Arnold Laufer Wealth Management doesn't advise any private funds.

Careers at Landau Arnold Laufer Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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

Name	Entity	Date acquired	Ownership	Employer ID
Arnold Laufer Llp Landau	Owner	1 Oct 2014	75% - 100%	11-2512603
Paul Alotta	Director and chief compliance officer	1 Oct 2014	Other	1663195
Romeo Antonio Bertolini	Chief compliance officer	1 Sep 2017	Other	2650107

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Laufer	Owner	1 Jan 1991	Other	6463265

Based in Babylon

The principal office where Landau Arnold Laufer Wealth Management, LLC performs its advisory services is located at 406 Deer Park Avenue, Babylon, NY 11702, 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 631-226-9600 or by fax 631-822-1759. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at lalcpa.com/wealth.php.