Wealth manager, independent · SAN Diego, CA
LM Advisors LLC
SEC-registered investment adviser · CRD 153940 · SEC 801-72170
At a glance
LM Advisors LLC is an SEC-registered investment adviser based in SAN Diego, California, with $2.9 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 540 individual clients. By Form ADV it is a wealth manager, ranked 548th of 8,915 wealth managers and 2,902nd of 17,210 SEC-registered advisers by assets.
Main office 619-814-1400lmadvisors.comAs filed on Form ADV
- Regulatory AUM
- $2.9B
- Rank among wealth managers
- #548 of 8,915
- Rank among all SEC RIAs
- #2,902 of 17,210
- Rank in California
- #330 of 1,873
- Individual clients
- 540
- High-net-worth clients
- 295
- Accounts
- 1,466
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 8
- Offices
- 2
Owners and executives on its Form ADV
- Luis MaizelManaging Member
- Leonardo SimpserManaging Member
- Jonathan L. ChatfieldChief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 295 | $2.3B | 81% |
| Insurance companies | 21 | $336M | 12% |
| Individuals | 245 | $94M | 3% |
| Pooled investment vehicles | 1 | $77M | 3% |
| Pension and profit sharing plans | 20 | $27M | <1% |
| Charitable organizations | 3 | $9M | <1% |
Private funds
LM Advisors LLC reports 1 private funds with $77M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
LM Advisors LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗lmadvisors.com ↗
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The full record on LM Advisors LLC
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 1,403 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does LM Advisors LLC manage?
LM Advisors LLC reports $2.9 billion in regulatory assets under management across 1,466 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is LM Advisors LLC?
LM Advisors LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are LM Advisors LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($2.3 billion, 295 clients); insurance companies ($336 million, 21 clients); individuals ($94 million, 245 clients).
Does LM Advisors LLC manage private funds?
Yes. It reports 1 private funds with $77 million in gross assets, including other private funds.
Does LM Advisors LLC have any disciplinary history?
LM Advisors LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is LM Advisors LLC’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 (2026-03-30), 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 →