Lesko Securities Inc.

Lesko Securities, Inc. provides portfolio management and financial planning to individuals (including high‑net‑worth clients), trusts, estates, pension and profit‑sharing plans, charities, and corporate clients. The 12‑advisor firm manages about $728.5 million for roughly 1,166 clients and offers ongoing advisory services that include Investment Policy Statements, wrap‑fee program management, and advisory share class access for a college 529 program.

The firm uses a mix of analytical approaches — charting, cyclical, fundamental, modern portfolio theory, quantitative and technical analysis — and employs both long‑ and short‑term trading strategies while documenting client risk tolerances in written Investment Policy Statements. Historically LSI’s assets have been managed on a non‑discretionary basis (the brochure reports $0 discretionary and $728,519,170 non‑discretionary as of Dec 31, 2025), though the firm recently added an option for discretionary management and conducts periodic reviews with quarterly reporting via custodians.

Lesko’s structure is unusual for a multi‑team adviser in that it remains registered as a broker‑dealer (originating as a broker‑dealer in 1980 and registering as an investment adviser in 1989) and its supervised persons also act as registered broker‑dealer representatives and licensed insurance agents, accepting commissions for certain product sales (a conflict the firm discloses and documents). The firm also participates in Charles Schwab’s institutional program and may receive research and other custodial benefits, and it does not aggregate block trades for multiple clients, which the brochure notes can affect execution prices.