LFA
LARAWAY FINANCIAL ADVISORS, INC. Legal Name
Adviser information for LFA last updated from Form ADV on March 5th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Minnesota, United States |
Employees
| Total Number of Employees | 7 |
|---|---|
| Investment Advisory/Research | 7 |
| Registered Broker-Dealer Representatives | 6 |
| Registered State Investment Advisers | 7 |
| Licensed Agents of an Insurance Company | 5 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 750 | $268.5M |
| Non-Discretionary | 4 | $11.4M |
| Total | 754 | $279.9M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 365 | $64.2M |
| HNW Individuals | 82 | $164.9M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 5 | $17.1M |
| Charitable organizations | <5 | $19.7M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 8 | $13.9M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 51-100 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting services |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
Identifiers
| SEC RIA File Number | 801-63115 |
|---|---|
| SEC ERA File Number | 801-63115 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 114674 |
| Legal Entity Identifier | None |
Principal Office
1219 - 33RD STREET SOUTHST. CLOUD
MN
United States
FRIDAY 8:00AM-3:00PM, MONDAY-THURSDAY 8:00AM TO 5:00PM
Tel: 320-253-2490, Fax: 320-259-0557
Websites
Chief Compliance Officer
KIMBERLY M. FOSTER
FINANCIAL ADVISOR/CHIEF COMPLIANCE OFFICER
1219 33RD STREET SOUTH
ST. CLOUD
MN
United States
Tel:
320-253-2490
Fax:
320-259-0557
K**@*****************M
(Full email address available in API data)
Regulatory Contact
CHRIS WAYNE
PRESIDENT/CEO
1219 33RD STREET SOUTH
ST. CLOUD
MN
United States
Tel:
320-253-2490
Fax:
320-259-0557
C****@*****************M
(Full email address available in API data)
Industry Affiliates
| LARAWAY INSURANCE SERVICES, INC. | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| LARAWAY, STEVEN, ALLAN | Individual | – | SECRETARY | 01/2020 | < 5% |
| SCHMITZ, JAMES, FRANCIS | Individual | – | VICE PRESIDENT, CHIEF OPERATIONS OFFICER | 01/2020 | 25-50% |
| FOSTER, KIMBERLY, MARIE | Individual | – | CHIEF COMPLIANCE OFFICER | 06/2014 | < 5% |
| WAYNE, CHRISTOPHER, L | Individual | – | PRESIDENT, CEO | 01/2020 | 50-75% |