SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Lehmann, Livian, Fridson Advisors, LLC
New York, NY
CRD 169980
Firm filing updated April 30, 2026 ·
- $84.2MAssets
- 2Advisory staff
- 108Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- High net worth individuals51
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | 51 | $83.6 million |
| Corporations or other businesses not listed above | Fewer than 5 clients | $574,391 |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Other: "CONSULTING SERVICES"
- Portfolio management for individuals and/or small businesses
- Other: "CONSULTING SERVICES"
Assets and accounts
- Regulatory assets$84.2 million
- Accounts108
- Discretionary$80.1 million · 104 accounts
- Non-discretionary$4.1 million · 4 accounts
People
- Employees2
- Advisory staff2
- Broker-dealer reps0
- Licensed insurance agents0
- Planning clients0
Registration details
- SEC-registered investment advisor. CRD 169980, SEC file 801-79372.
- Registered with the SEC as an investment advisor (status date on record: April 3, 2014).
Is Lehmann, Livian, Fridson Advisors, LLC a fiduciary?
Short answer: Lehmann, Livian, Fridson Advisors, LLC is registered with the SEC as an investment advisor.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.