Lgc&D Wealth Management, LLC (Providence)


Lgc&D Wealth Management, LLC is an adviser based in Providence. It manages $29.69 million of regulatory assets for 59 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Massachusetts and Rhode Island.

Lgc&D Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lgc&D Wealth Management: assets under management

The assets under management (AUM) of Lgc&D Wealth Management, LLC is $29.69 million. The firm's AUM has gone down by -19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.93 million in discretionary accounts and $6.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $177.89 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lgc&D Wealth Management, 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.

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jerrold Ned Dorfman Shareholder 1 Dec 1990 25% - 50% 4652630
Richard J. Derienzo Shareholder 1 Dec 1990 25% - 50% 4657026
Stephen W. Geremia Shareholder 1 Dec 1990 25% - 50% 4657027

Based in Providence

The principal office where Lgc&D Wealth Management, LLC performs its advisory services is located at 10 Weybosset Street, Providence, RI 02903, 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 401-421-4800 or by fax 401-421-0643. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.