Lotus Holdings LLC (Rye)

Lotus Holdings LLC is a mid-sized advisory firm based in Rye. It manages $45 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2014.

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

Lotus Holdings: assets under management

The assets under management (AUM) of Lotus Holdings LLC is $45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.88 million each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lotus Holdings 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 Lotus Holdings serves?

The only and largest group of clients of Lotus Holdings is high net worth individuals with 24 clients and $45 million of assets under management. Among the 3 most similar advisory firms, Lotus Holdings has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $45 million for 24 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.

Lotus Holdings doesn't advise any private funds.

Careers at Lotus Holdings LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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

Name	Entity	Date acquired	Ownership	Employer ID
David Brandman	Ceo, cco	1 Aug 2014	75% - 100%	6383578

Based in Rye

The principal office where Lotus Holdings LLC performs its advisory services is located at 80 Theodore Fremd Ave, Rye, NY 10580 2891 The mailing address of the firm is 25 Home Place, Greenwich, CT 06830 7106. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-208-8661 or by fax 888-346-7142. The normal business hours are 9am-5pm on Monday - Friday.