Wealth manager, independent · LOS Angeles, CA
L & S Advisors, Inc
SEC-registered investment adviser · CRD 140923 · SEC 801-66849
At a glance
L & S Advisors, Inc is an SEC-registered investment adviser based in LOS Angeles, California, with $1.2B in regulatory assets under management as of its Form ADV filed September 23, 2026. It reports 1,054 individual clients, 186 of them high-net-worth, holding an average of about $0.9 million each, and 15 employees. That ranks it 943rd among the nation’s 5,657 independent wealth management RIAs and 112th of 714 in California. It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Wells Fargo and Fidelity.
Main office 310-893-6060lsadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #943 of 5,657
- Rank among all SEC RIAs
- #4,929 of 17,210
- Rank in California
- #112 of 714
- Individual clients
- 1,054
- High-net-worth clients
- 186
- Accounts
- 1,095
- Discretionary
- 100% of AUM
- Employees
- 15
- Advisory staff
- 9
- Offices
- 3
Owners and executives on its Form ADV
- Sy R. LippmanTrustee of the Lippman Family Trust Dated January 18, 1996; Executive Chairman (since 09/2026)
- Ralph R. ScottCIO, Trustee of the the Scott Family Trust Dated July 27, 1987; CEO (since 09/2026)
- Helene B. LippmanTrustee of the Lippman Family Trust Dated January 18, 1996
- Phyllis F. ScottTrustee of the the Scott Family Trust Dated July 27, 1987
- Jason J. ScottChief Compliance Officer (since 02/2020); General Counsel (since 02/2023)
- Ian K. ManongdoChief Operating Officer
- STEPHEN S. SEOPresident
Custody and brokerage
Broker-dealer
No broker-dealer ties
L & S Advisors, Inc reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 186 | $683M | 59% |
| Individuals | 868 | $252M | 22% |
| Corporations or other businesses | 26 | $124M | 11% |
| Charitable organizations | 13 | $100M | 9% |
| Pension and profit sharing plans | – | $4M | <1% |
Disciplinary disclosures
L & S Advisors, Inc reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗lsadvisors.com ↗
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The full record on L & S Advisors, Inc
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 3,140 peers of its type and size
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- 7 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Centura Wealth AdvisorySAN Diego | $1.2B | 574 |
| Moment Partners, LLCSAN Francisco | $1.2B | 412 |
| Cheviot Value Management, LLCBeverly Hills | $1.2B | 578 |
| Atlas Capital Advisors Inc.SAN Francisco | $1.1B | 137 |
| Ignite Planners LLCSAN Clemente | $1.1B | 4,605 |
| CLG LLCLong Beach | $1.1B | 1,434 |
Background
Questions
How much does L & S Advisors, Inc manage?
L & S Advisors, Inc reports $1.2B in regulatory assets under management across 1,095 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 23, 2026.
How many clients does L & S Advisors, Inc have?
It reports 1,054 individual clients: 186 high-net-worth individuals and 868 other individuals. Individuals account for about 80% of its regulatory assets.
Where is L & S Advisors, Inc headquartered?
Its main office is in LOS Angeles, California. It reports 3 offices in total and 15 employees, 9 of whom perform investment advisory functions.
How does L & S Advisors, Inc charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does L & S Advisors, Inc use?
It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Wells Fargo and Fidelity. On Schedule D of its Form ADV filed September 23, 2026, it reports these amounts held: Charles Schwab ($587M); Wells Fargo ($284M); Fidelity ($244M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is L & S Advisors, Inc a hybrid RIA with a broker-dealer?
L & S Advisors, Inc reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is L & S Advisors, Inc a fiduciary?
As an SEC-registered investment adviser, L & S Advisors, Inc owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is L & S Advisors, Inc’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →