{"url":"https://nivawealth.com/firms/livian-and-co-153771","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/153771","regulatoryAum":152881318,"crd":"153771","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4380054","suffix":null,"lastName":"GLANZBERG","firstName":"PERLA","middleName":"B."},{"crd":"4537297","suffix":null,"lastName":"LIVIAN","firstName":"MICHAEL","middleName":"MOSHE"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-25","regulatoryAum":106348568,"clients":51,"employees":5,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":138422269,"clients":61,"employees":5,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":111518232,"clients":67,"employees":5,"offices":1},{"filedOn":"2024-05-28","regulatoryAum":123532294,"clients":67,"employees":5,"offices":1},{"filedOn":"2025-05-01","regulatoryAum":143667429,"clients":69,"employees":5,"offices":1},{"filedOn":"2026-04-30","regulatoryAum":152881318,"clients":70,"employees":5,"offices":1}],"secFileNumber":"801-71406","legalName":"Livian & Co., LLC","displayName":"Livian & Co.","slug":"livian-and-co-153771","website":"https://livianco.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/livian-&-co.---investment-and-wealth-management/","xUrl":"https://x.com/livianco","founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"450 7th Avenue, Suite 801","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10123"},"tradeNames":[],"registration":{"secApproved":"4 May 2010","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2178364.234042553,"staff":{"employees":5,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":152881318,"discretionary":127820238,"discretionaryAccounts":120,"nonDiscretionary":25061080,"nonDiscretionaryAccounts":11,"wrapProgram":null,"nonUsClientsPct":21,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":47,"regulatoryAum":102383119},{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":4950262},{"label":"Corporations and other businesses","clients":20,"regulatoryAum":45547937}],"feePrograms":[{"role":"other","program":"Consulting Services","summary":"Consulting services are charged an annual fee of 1% of advised assets.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032309","versionId":1032309,"submittedOn":"2026-03-30","documentName":"LIVIAN & CO. FORM ADV PART II (2A, 2B): FIRM BROCHURE AND SUPPLEMENTS"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T14:07:59.343525+00:00","documents":[{"name":"LIVIAN & CO. FORM ADV PART II (2A, 2B): FIRM BROCHURE AND SUPPLEMENTS","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032309","versionId":1032309,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Providence, RI","smaAssets":141801901}],"custodyNote":"Livian & Co. has custody of $20.6M in client assets for 12 clients.","otherCustodians":[],"leadership":[{"name":"Michael Livian","title":"Chief Executive Officer, Chief Compliance Officer, Class B","crd":"4537297"},{"name":"Alberto Kamkhaji","title":"Member, Class A","crd":"5866834"},{"name":"Michael Livian","title":"Managing Member, Class A","crd":"4537297"},{"name":"Edmond Safdie","title":"Member, Class A","crd":"5855658"}],"ownership":[{"label":"Michael Livian","detail":"Chief executive officer, chief compliance officer, class b in the 75% or more ownership band and a control person, since April 2010. Also managing member, class a in the 10% to 25% ownership band and a control person, since April 2010."},{"label":"GRS Children, LLC","detail":"Member, class a in the 10% to 25% ownership band, since November 2010."},{"label":"Gorjian Capital Group, LLC","detail":"Member, class a in the 25% to 50% ownership band, since November 2010."},{"label":"Danroy, LLC","detail":"Member, class a in the 25% to 50% ownership band, since November 2010."},{"label":"Alberto Kamkhaji","detail":"Member, class a in the 5% to 10% ownership band, since November 2010."},{"label":"Edmond Safdie","detail":"Member, class a in the 5% to 10% ownership band, since August 2014."},{"label":"David Safdie","detail":"Indirect owner: a managing member of GRS Children, LLC in the 25% to 50% band and a control person, since November 2008.","parent":"GRS Children, LLC"},{"label":"Danny Hakimian","detail":"Indirect owner: a managing member of Danroy, LLC in the 50% to 75% band and a control person, since November 2010.","parent":"Danroy, LLC"},{"label":"Justin Gorjian","detail":"Indirect owner: a managing member of Gorjian Capital Group, LLC in the 25% to 50% band and a control person, since September 2010.","parent":"Gorjian Capital Group, LLC"},{"label":"Gabriel Safdie","detail":"Indirect owner: managing member of GRS Children, LLC and a control person, since November 2008.","parent":"GRS Children, LLC"},{"label":"Cobby Gorjian","detail":"Indirect owner: a managing member of Gorjian Capital Group, LLC in the 25% to 50% band and a control person, since September 2010.","parent":"Gorjian Capital Group, LLC"},{"label":"Raquel Safdie","detail":"Indirect owner: a member of GRS Children, LLC in the 25% to 50% band and a control person, since November 2008.","parent":"GRS Children, LLC"},{"label":"Ruth Safdie","detail":"Indirect owner: a member of GRS Children, LLC in the 25% to 50% band and a control person, since November 2008.","parent":"GRS Children, LLC"},{"label":"Guidaon Gorjian","detail":"Indirect owner: a member of Gorjian Capital Group in the 25% to 50% band and a control person, since September 2010.","parent":"Gorjian Capital Group"},{"label":"Myron Gorjian","detail":"Indirect owner: a member of Gorjian Capital Group, LLC in the 25% to 50% band and a control person, since September 2010.","parent":"Gorjian Capital Group, LLC"},{"label":"Roy Hakimian","detail":"Indirect owner: a managing member of Danroy, LLC in the 50% to 75% band and a control person, since November 2010.","parent":"Danroy, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"450 7th Avenue, Suite 801","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-319-8900","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":37},{"label":"U.S. government/agency bonds","percent":9},{"label":"Securities issued by registered investment companies or business development companies","percent":46},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":3},"sources":{"adv1FilingDate":"30 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/153771/PDF/153771.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032309","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Livian & Co. have?","answer":"Livian & Co. has 70 clients and manages $153 million for them, as of April 2026. They include 47 high-net-worth individuals, 20 corporations and other businesses, and 3 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Livian & Co. offer?","answer":"Livian & Co. provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Livian & Co. use?","answer":"Livian & Co.’s separately managed account assets are held at Fidelity Brokerage Services LLC (Providence, RI), with $142M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Livian & Co. have?","answer":"Livian & Co. has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Livian & Co. invest in?","answer":"At the end of its last fiscal year, Livian & Co.’s separately managed accounts held 46% registered funds (mutual funds, ETFs, BDCs), 37% exchange-traded equities, 9% U.S. government and agency bonds and 7% cash and equivalents. It advises 3 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Livian & Co.?","answer":"Livian & Co. is owned through holding companies by David and Raquel and Ruth Safdie, Danny and Roy Hakimian, and Justin and Cobby and Myron Gorjian. Its direct owners are Michael Livian (75% or more), GRS Children, LLC (10% to 25%), Gorjian Capital Group, LLC (25% to 50%), Danroy, LLC (25% to 50%), Alberto Kamkhaji (5% to 10%), Edmond Safdie (5% to 10%) and Guidaon Gorjian (25% to 50%).","source":"Form ADV Part 1A, Schedules A and B, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Livian & Co. get paid?","answer":"Livian & Co. is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Livian & Co.?","answer":"Livian & Co.’s main office is at 450 7th Avenue, Suite 801, New York, NY 10123. Its phone number is 212-319-8900. Its website is livianco.com.","source":"Form ADV Part 1A, Item 1.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}