Lugano Financial Advisors S.A. (Lugano Ticino)

Name: Lugano Financial Advisors S.A.
Address: Via F. Pelli 3, Lugano Ticino, 6900
Telephone: +41.91.921.2533

Lugano Financial Advisors S.A. is a large advisory firm based in Lugano Ticino. It manages $795.12 million of regulatory assets for 250 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, Hawaii, and 10 other states.

Lugano Financial Advisors provides portfolio management for individuals and small businesses and global reporting & risk analyses of client portfolios including assets not under management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lugano Financial Advisors: assets under management

The assets under management (AUM) of Lugano Financial Advisors S.A. is $795.12 million. The firm's AUM has grown by 894% since the beginning of its operation, and $22.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $396.57 million in discretionary accounts and $398.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.74 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.77 million.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lugano Financial Advisors S.A. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lugano Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lugano Financial Advisors is high net worth individuals with 97 clients and $513.68 million of assets under management. Among the 8 most similar advisory firms, Lugano Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $570.82 million for 216 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Lugano Financial Advisors doesn't advise any private funds.

Careers at Lugano Financial Advisors S.A.

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 10 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lugano Financial Advisors S.A. is owned by Gianpaolo Bonalumi. Alessandro Conrad has served as the Chief Investment Officer since 1 Apr 2014 and Giampaolo Bonalumi is the Chief Executive Officer of Lugano Financial Advisors S.A. family office. Pietro Villani joined the executive team most recently as the Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gianpaolo Bonalumi	Owner	1 Jan 2010	25% - 50%	5751011
Siro Spellini	Owner	1 Jan 2010	25% - 50%	2554474
Francesco Bernasconi	Owner	1 Jan 2010	25% - 50%	5751009
Dirk Klitsch	Chief compliance officer	1 Jan 2010	Other	5751081
Francesco Bernasconi	Chief executive officer / chief financial officer	1 Jan 2011	Other	5751009
Lfg Holding Sa	Owner	1 Jan 2011	75% - 100%	foreign
Gianpaolo Bonalumi	Officer	1 Jan 2011	Other	5751011
Cristina Luiselli	Chief compliance officer	1 Jan 2011	Other	5904772
Luca Bosia	Chief investment officer	1 Jan 2011	Other	5904776
Lugano Financial Group Sa	Owner	1 Jan 2011	75% - 100%	foreign
Giampaolo Bonalumi	Officer	1 Jan 2011	Other	5751011
Siro Spellini	Executive officer	1 Sep 2012	Other	2554474
Patrick Borradori	Portfolio manager	1 Sep 2012	Other	6126294
Hans Wihler	Managing director	1 Jan 2013	Other	6162727
Giampaolo Bonalumi	Chief executive officer	1 Jan 2013	Other	5751011
Luca Bosia	Relationship manager	1 Jan 2014	Other	5904776
Alessandro Conrad	Chief investment officer	1 Apr 2014	Other	6446571
Michel Philippe Guignard	Relationship manager	1 Jul 2014	Other	4755637
Niccolo Badoglio	Portfolio manager	1 Nov 2014	Other	6446570
Elisabetta Foresti	Chief compliance officer	1 Jan 2015	Other	6446569
Deen Sheik Fareed	Relationship manager	1 Mar 2015	Other	6458886
Cristina Luiselli	Chief compliance officer	1 Sep 2015	Other	5904772
Niccolo Badoglio	Chief investment officer	1 Mar 2016	Other	6446570
Paolo Panza	Junior portfolio manager	1 Mar 2016	Other	6629159
Luca Bosia	Senior investment advisor	1 Sep 2016	Other	5904776
Paolo Panza	Senior investment advisor	1 Sep 2016	Other	6629159
Rene Marty	Chief executive officer / member of the board	1 Jun 2017	Other	4877270
Niccolo Badoglio	Senior portfolio manager	1 Sep 2017	Other	6446570
Massimo Borghesi	Chief investment officer	1 Sep 2017	Other	6859078
Monica Casillo	Chief compliance officer	1 Jan 2018	Other	6900712
Mattia Ostinelli	Risk manager	1 Jan 2018	Other	7070949
Paolo Panza	Senior relationship manager	1 Sep 2018	Other	6629159
Pietro Villani	Portfolio manager	1 Sep 2019	Other	7171982

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Siro Spellini	Shareholder	1 Jan 2011	25% - 50%	2554474
Michele Vanossi	Shareholder	1 Jan 2013	25% - 50%	6162729

Based in Lugano Ticino

The principal office where Lugano Financial Advisors S.A. performs its advisory services is located at Via F. Pelli 3, Lugano Ticino, 6900, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +41.91.921.2533 or by fax +41.91.921.3809. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at lfa.ch.