Water Oak Advisors, LLC (Winter Park)

Name: Water Oak Advisors, LLC
Address: 145 Lincoln Avenue, Winter Park, FL, 32789 3836
Telephone: 407-567-2956

Water Oak Advisors, LLC is a large advisory firm based in Winter Park. It manages $1.97 billion of regulatory assets for 1,959 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, California, Delaware, and 15 other states.

Water Oak Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and use of sub advisors. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Water Oak Advisors: assets under management

The assets under management (AUM) of Water Oak Advisors, LLC is $1.97 billion. The firm's AUM has grown by 175% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.82 billion in discretionary accounts and $149.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.02 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $882.3 thousand.

Water Oak Advisors has custody of $568.27 million in cash and securities for 204 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 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Water Oak Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lance Clarke Lemons serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Lance Clarke Lemons is high net worth individuals with 407 clients and $1.45 billion of assets under management. Among the 11 most similar advisory firms, Water Oak Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.97 billion for 631 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.

Water Oak Advisors doesn't advise any private funds.

Careers at Water Oak Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Lance Clarke Lemons has been acting as President since 1 May 2006. Gregory Joseph Mendoza joined the executive team most recently as the Chief Compliance Officer/Manager Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lance Clarke Lemons	President	1 May 2006	75% - 100%	2740208
Christopher Henry Hylen	Vice president & chief compliance officer	1 May 2006	Other	2298614
Stephen Armfield Curley	Director & cco	1 Feb 2010	Other	4684173
Scott Joseph Macaione	Director	1 May 2011	Other	2814678
Stephen Armfield Curley	Chief compliance officer	1 Jul 2011	Other	4684173
Gregory Joseph Mendoza	Chief compliance officer/manager of operations	1 Mar 2016	Other	4199892
Gregory J Mendoza	Chief compliance officer/manager of operations	1 Mar 2016	Other	4199892

Based in Winter Park

The principal office where Water Oak Advisors, LLC performs its advisory services is located at 145 Lincoln Avenue, Winter Park, FL 32789 3836, 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 407-567-2956 or by fax 407-622-1799. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wateroak.com.