L.s.y. provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
L.s.y. reports 766 clients. They include 548 individual clients, 211 high-net-worth individuals, and 7 corporations and other businesses. Of its assets, 99.7% ($629M across 1,548 accounts) are managed with discretion; $1.76M across 6 accounts are not. It advised 18 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 26% |
| High-net-worth individuals | 28% | 69% |
| Banking or thrift institutions | Fewer than 5 | 0% |
| Pension and profit-sharing plans | Fewer than 5 | 4% |
| Charitable organizations | Fewer than 5 | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | <1% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 548 | $163M | 25.9% | $298K |
| High-net-worth individuals | 211 | $434M | 68.8% | $2.06M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $25.3M | 4.0% | — |
| Charitable organizations | Fewer than 5 | $2.96M | 0.5% | — |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 7 | $4.9M | 0.8% | $700K |
| Other | Fewer than 5 | $117K | 0.0% | — |
| Total | 766 | $631M | 100% | — |
- Clients
- 548
- Regulatory AUM
- $163M
- AUM share
- 25.9%
- Avg. per client
- $298K
- Clients
- 211
- Regulatory AUM
- $434M
- AUM share
- 68.8%
- Avg. per client
- $2.06M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $25.3M
- AUM share
- 4.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $2.96M
- AUM share
- 0.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $4.9M
- AUM share
- 0.8%
- Avg. per client
- $700K
- Clients
- Fewer than 5
- Regulatory AUM
- $117K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 766
- Regulatory AUM
- $631M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 18
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
L.s.y. charges up to 2.00% a year for its Asset management; its fees and minimums are set out in its brochures on the SEC website.
Larry Chaiya Lee owns 50% to 75% of L.s.y.. The leadership team of L.s.y. includes President Nicholas Cowles Cochran and Chief Compliance Officer Emmanuel Sabale Comes. It has 32 employees.
Staff
- 32 employees
- 32 in advisory functions
- 30 state-registered reps
- 32 broker-dealer reps
- 19 insurance agents
- 1 soliciting firm
- Owns 50% to 75% of L.s.y., Inc
Larry Chaiya Lee
Control person · since March 1973
- Owns 25% to 50% of L.s.y., Inc
Elaine Joyce Yee
Control person · since April 2026
L.s.y.’s regulatory assets grew from $589M (June 2021) to $631M (June 2026); clients fell from 967 to 766 and employees from 41 to 32.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $631M | 766 | 32 | 13 |
| Jun 2025June 2025 | $578M | 762 | 30 | 13 |
| Jun 2024June 2024 | $617M | 901 | 32 | 14 |
| Jun 2023June 2023 | $511M | 976 | 37 | 15 |
| Jun 2022June 2022 | $598M | 974 | 39 | 16 |
| Jun 2021June 2021 | $589M | 967 | 41 | 17 |
Besides its headquarters, L.s.y. has 12 offices (4 private residences, listed without an address), with 9 listed addresses in 1 state.
California · 9 listed addresses
- 12667 Alcosta BLVD., Suite 160, San RamonHQ
- 2635 N First Street, Suite 230, San Jose
- 13620 Lincoln Way, Ste. 280, Auburn
- 6101 Bollinger Canyon RD, Suite 310, San Ramon
- 525 'J" Street, Ste. B, Los Banos
- 9825 Blue Larkspur Lane, Monterey
- 5701 Lonetree BLVD., Suite 215, Rocklin
- 4340 Redwood Hwy Ste 118, San Rafael
- 11856 Dublin BLVD., Dublin
Contact and registration details
- Legal name
- L.s.y., Inc
- Headquarters
- 12667 Alcosta BLVD., Suite 160, San Ramon, CA 94583
- Website
- americaninvestorsco.com
- Phone
- 925-866-2882
- SEC file
- 801-57838
- Structure
- California corporation
- Fiscal year end
- March
L.s.y.’s named custodians for separately managed accounts are Charles Schwab ($424M, 67%), Fidelity ($120M, 19%) and Fidelity ($86.3M, 14%). L.s.y. does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $120M19%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $86.3M14%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $424M67%
At year end, L.s.y.’s separately managed accounts were mostly in funds (61%) and stocks (34%).
What the accounts hold
- Stocks34%
- Funds61%
- Cash3%
- Other2%
- Includes fractional percentages of non-traded direct participation programs, cds, u.s. government/agency bonds, u.s. state and local bonds, investment grade corporate bonds, and derivatives categories above.2%
How many clients does L.s.y. have?
L.s.y. has 766 clients and manages $631 million for them, as of June 2026. They include 548 individual clients, 211 high-net-worth individuals, and 7 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 June 2026
What services does L.s.y. offer?
L.s.y. provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does L.s.y. charge?
L.s.y. charges up to 2.00% a year for its Asset management.
Which custodians does L.s.y. use?
L.s.y.’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $424M, National Financial Services LLC (Boston, MA), with $120M and Fidelity Brokerage Services LLC (Smithfield, RI), with $86.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 June 2026
How many financial advisors does L.s.y. have?
L.s.y. has 30 investment adviser representatives registered with state securities authorities, out of 32 employees, and 32 perform investment advisory functions. 32 employees are registered representatives of a broker-dealer and 19 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does L.s.y. invest in?
At the end of its last fiscal year, L.s.y.’s separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 34% exchange-traded equities, 3% cash and equivalents and 2% other. The 2% other category is described as: Includes Fractional Percentages of Non-Traded Direct Participation Programs, CDS, U.S. Government/Agency Bonds, U.S. State and Local Bonds, Investment Grade Corporate Bonds, and Derivatives Categories Above.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns L.s.y.?
L.s.y.’s direct owners are Larry Chaiya Lee (50% to 75%) and Elaine Joyce Yee (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 June 2026
How does L.s.y. get paid?
L.s.y. is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact L.s.y.?
L.s.y.’s main office is at 12667 Alcosta BLVD., Suite 160, San Ramon, CA 94583. Its phone number is 925-866-2882. Its website is americaninvestorsco.com.