L
Lehmann, Livian, Fridson Advisors, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$83,606,541
This total excludes 2 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
51
100% high-net worth
Advisors
1
of 2 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
51
TypicalAverage account size
$1,639,344
About
Lehmann, Livian, Fridson Advisors, LLC provides discretionary portfolio management and related advisory services primarily to high‑net‑worth individuals and family clients, generally charging fees based on a percentage of assets under management. The firm’s brochure states it manages client portfolios with ongoing investment selection, asset allocation and rebalancing for roughly 51 clients and approximately $84 million in assets.
LLFA’s investment process is oriented to customized portfolio construction and active supervision rather than reliance on an automated platform; the brochure discloses that the firm discontinued its LIVX Digital Portfolios program run through Schwab Intelligent Portfolios in 2025 and transitioned those accounts to portfolios managed directly by the firm. The firm describes ongoing oversight activities including security selection, tactical allocation adjustments, and periodic rebalancing under its advisory agreements.
Notably, the brochure indicates LLFA acts as a sponsor or syndicator of at least one pooled investment vehicle and is affiliated with other registered investment advisers, characteristics that are uncommon among similarly sized supported firms. The firm also limits its individual client roster to high‑net‑worth investors and does not provide services to non‑high‑net‑worth individual clients, concentrating its practice on a narrower client demographic.
Client services
Portfolio management
Consulting services
Expertise
Wealth management
Main office location
Lehmann, Livian, Fridson Advisors, LLC
450 7 Th Avenue, Suite 801
New York NY 10123, United States
Number of offices
1
Most active in
Lehmann, Livian, Fridson Advisors, LLC has reported serving >5 clients in these states in the last 12 months.
California · Florida · New York · Texas
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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