Broker-dealer firm · Fort Washington, PA
Lincoln Investment
Lincoln Investment Planning, LLC · SEC-registered investment adviser · CRD 519 · SEC 801-14059
At a glance
Lincoln Investment is an SEC-registered investment adviser based in Fort Washington, Pennsylvania, with $22.0 billion in regulatory assets under management as of its Form ADV filed July 20, 2026. Its largest client group by assets is individuals, and it reports 138,132 individual clients. By Form ADV it is a broker-dealer firm, ranked 43rd of 391 broker-dealer firms and 821st of 17,210 SEC-registered advisers by assets.
Main office 215-887-8111lincolninvestment.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $22B
- Rank among broker-dealer firms
- #43 of 391
- Rank among all SEC RIAs
- #821 of 17,210
- Rank in Pennsylvania
- #27 of 564
- Individual clients
- 138,132
- High-net-worth clients
- 4,604
- Accounts
- 199,383
- Discretionary
- 59% of AUM
- Employees
- 1,238
- Advisory staff
- 874
- Offices
- 315
Owners and executives on its Form ADV
- Edward Samuel Jr ForstElected Manager
- Steven Neil FlaxExecutive Vice-President, Chief Human Resources Officer
- Karen Dougherty BuraVice-President, Controller
- Diane Mulherrin McCarthyExecutive Vice-President/chief Financial Officer/principal Financial Officer/elected Manager
- Shashi MehrotraSenior Vice-President, Chief Investment Officer
- Anthony Charles BuetiExecutive Vice-President, Chief Operating Officer
- Maureen Ann MattsonExecutive Vice-President, General Counsel & Chief Compliance Officer
- Susan Mary OberliesSenior Vice-President, Deputy General Counsel, Corporate Secretary and Head of Risk
- Kathleen Kinslow LeckeyCEO
- Daniel Sean AlexanderExecutive Vice-President, Chief Business Development Officer
- Jason Christopher EstesExecutive Vice-President, Chief Information & Technology Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Lincoln Investment is a hybrid RIA: 861 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 133,528 | $17B | 79% |
| High-net-worth individuals | 4,604 | $4.3B | 20% |
| Corporations or other businesses | 181 | $203M | <1% |
| Charitable organizations | 41 | $38M | <1% |
| Pension and profit sharing plans | 15 | $30M | <1% |
Disciplinary disclosures
Lincoln Investment answers yes to 12 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). 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
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗lincolninvestment.com ↗
AtlasMembers
The full record on Lincoln Investment
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
- Locked
- Growth over one, three and five years
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- Rank against 58 peers of its type and size
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- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Lincoln Investment manage?
Lincoln Investment reports $22.0 billion in regulatory assets under management across 199,383 accounts, 59% of it on a discretionary basis, on its Form ADV filed July 20, 2026.
What kind of firm is Lincoln Investment?
Lincoln Investment is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Lincoln Investment’s clients?
By assets, its largest client types are individuals ($17.4 billion, 133,528 clients); high-net-worth individuals ($4.3 billion, 4,604 clients); corporations or other businesses ($203 million, 181 clients).
Does Lincoln Investment have any disciplinary history?
Lincoln Investment answers yes to 12 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Lincoln Investment’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 (2026-07-20), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →