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.
LM Advisors LLC
San Diego, CA
CRD 153940
Firm filing updated March 30, 2026 ·
- $2.9BAssets
- 8Advisory staff
- 1,466Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- OtherYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
Who the firm serves
- High net worth individuals295
- Individuals245
- Insurance companies21
- Pension and profit sharing plans20
- Pooled vehicles1
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 245 | $94.3 million |
| High net worth individuals | 295 | $2.3 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $76.7 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $27.0 million |
| Charitable organizations | Fewer than 5 clients | $9.3 million |
| Insurance companies | 21 | $336.4 million |
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
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$2.9 billion
- Accounts1,466
- Discretionary$2.9 billion · 1,461 accounts
- Non-discretionary$14.4 million · 5 accounts
People
- Employees22
- Advisory staff8
- Broker-dealer reps0
- Licensed insurance agents0
Advisors
3 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 153940, SEC file 801-72170.
- Registered with the SEC as an investment advisor (status date on record: April 25, 2011).
Is LM Advisors LLC a fiduciary?
Short answer: LM 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.