Lesjak Planning, LLC (Westlake)
Lesjak Planning, LLC is a large advisory firm based in Westlake. It manages $250 million of regulatory assets for 356 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida and Ohio.
Lesjak Planning provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
Lesjak Planning: assets under management
The assets under management (AUM) of Lesjak Planning, LLC is $250 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.
Investments
The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Lesjak Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Michael Joseph Lesjak serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Joseph Lesjak is high net worth individuals with 61 clients and $126 million of assets under management. Among the 8 most similar advisory firms, Lesjak Planning has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $245 million for 353 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.
Lesjak Planning doesn't advise any private funds.
Careers at Lesjak Planning, LLC
The company employs 7 people that are either part- or full-time employees. 71 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.
Michael Joseph Lesjak has been acting as President since 1 Jan 2018. Marc Christian Thomas joined the executive team most recently as the Chief Operating Officer.
Direct owners and executive officers
Based in Westlake
The principal office where Lesjak Planning, LLC performs its advisory services is located at 1991 Crocker Rd, Westlake, OH 44145, 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 440-871-9500 or by fax 440-871-3607. The normal business hours are 8:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at lesjakplanning.com/.
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