L & B Realty Advisors, LLP (Dallas)


L & B Realty Advisors, LLP is a large advisory firm based in Dallas. It manages $752.73 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Texas.

L & B Realty Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

L & B Realty Advisors: assets under management

The assets under management (AUM) of L & B Realty Advisors, LLP is $752.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $752.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $752.73 million each.
L & B Realty Advisors has custody of $17.32 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay L & B Realty Advisors, LLP for their services and products based on a percentage of assets under management and performance-based 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 L & B Realty Advisors serves?

The only and largest group of clients of L & B Realty Advisors is pooled investment vehicles with 1 clients and $752.73 million of assets under management. Among the 10 most similar advisory firms, L & B Realty Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $752.73 million for 1 clients. 5% of the firm’s clients are foreign persons or businesses.

L & B Realty Advisors doesn't advise any private funds.

Careers at L & B Realty Advisors, LLP

The company employs 89 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Daniel Livingston Plumlee Partner & chief compliance officer 1 Jul 2005 50% - 75% 4381357
George Andrews Smith Managing partner 1 Jul 2005 50% - 75% 2583678
Mark Rives Gerigk Evp 1 Jul 2005 Other 4381363

Based in Dallas

The principal office where L & B Realty Advisors, LLP performs its advisory services is located at 5910 North Central Expressway, Dallas, TX 75206, 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 214-989-0800 or by fax 214-989-0600. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at lbrealty.com.