LFS RIA, LLC

LFS RIA, LLC is a registered investment adviser that provides wealth and income planning, financial planning, consulting, and portfolio management to individuals, families, pension and profit‑sharing plans, trusts, estates, charitable organizations and small businesses. As of December 31, 2023 the firm reported roughly $13.2 million in assets under management across 28 client households and frequently works with clients seeking coordinated income streams, including retirees and recipients of lump‑sum payouts.

The firm builds asset‑allocation portfolios using an efficient‑frontier framework with objectives ranging from conservative income to growth, implementing strategies primarily with no‑load or load‑waived mutual funds and ETFs and, when appropriate, individual securities, covered‑call overlays, and alternative or illiquid “non‑standard” assets. LFS offers both discretionary and non‑discretionary management, typically consults with clients before trades, and uses third‑party platforms and multi‑manager solutions (Charles Schwab custody, AssetMark, and Schwab Managed Account Select) to access outside managers and model allocations.

Notable distinctions in the brochure include that the adviser is licensed to place life, fixed annuity and health insurance and may receive commissions for non‑securities recommendations, a practice the firm discloses along with a stated policy of not charging an asset‑management fee on commissionable investments until five years after the last commission; the firm also notes it may offer non‑standard investments at a discount (net of commissions). The brochure also discloses a 2019 disciplinary action by the Texas State Securities Board related to sales of pension income streams, for which the firm paid $88,933.12 in restitution.