LMCG Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 2 private funds.
LMCG Investments reports 968 clients. They include 725 high-net-worth individuals, 168 individual clients and 37 charitable organizations. Of its assets, 97.9% ($6.69B across 1,955 accounts) are managed with discretion; $141M across 10 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 17% | <1% |
| High-net-worth individuals | 75% | 36% |
| Banking or thrift institutions | 0% | 0% |
| Investment companies | <1% | 4% |
| Pooled investment vehicles | <1% | 36% |
| Other client typesPension and profit-sharing plans; Charitable organizations; State or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | 7% | 24% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 168 | $57.8M | 0.8% | $344K |
| High-net-worth individuals | 725 | $2.46B | 36.1% | $3.4M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Investment companies | 1 | $251M | 3.7% | $251M |
| Pooled investment vehicles | 2 | $2.45B | 35.8% | $1.22B |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | 37 | $221M | 3.2% | $5.96M |
| State or municipal government entities | 4 | $1.17B | 17.1% | $293M |
| Other investment advisers | 7 | $132M | 1.9% | $18.9M |
| 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 | 24 | $89.5M | 1.3% | $3.73M |
| Total | 968 | $6.83B | 100% | — |
- Clients
- 168
- Regulatory AUM
- $57.8M
- AUM share
- 0.8%
- Avg. per client
- $344K
- Clients
- 725
- Regulatory AUM
- $2.46B
- AUM share
- 36.1%
- Avg. per client
- $3.4M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 1
- Regulatory AUM
- $251M
- AUM share
- 3.7%
- Avg. per client
- $251M
- Clients
- 2
- Regulatory AUM
- $2.45B
- AUM share
- 35.8%
- Avg. per client
- $1.22B
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 37
- Regulatory AUM
- $221M
- AUM share
- 3.2%
- Avg. per client
- $5.96M
- Clients
- 4
- Regulatory AUM
- $1.17B
- AUM share
- 17.1%
- Avg. per client
- $293M
- Clients
- 7
- Regulatory AUM
- $132M
- AUM share
- 1.9%
- Avg. per client
- $18.9M
- 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
- 24
- Regulatory AUM
- $89.5M
- AUM share
- 1.3%
- Avg. per client
- $3.73M
Total
- Clients
- 968
- Regulatory AUM
- $6.83B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
LMCG Investments is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Kenneth Swan is CEO; the leadership team includes Chief Operating Officer John Despotopulos and Chief Compliance Officer Brooke Regan. It has 46 employees, 16 of them in advisory roles.
Staff
- 46 employees
- 16 in advisory functions
- 9 state-registered reps
- 1 soliciting firm
- Owns 10% to 25% of LMCG Investments, LLC
Kenneth Swan
Control person · since July 2009
- Owns 10% to 25% of LMCG Investments, LLC
Temperance Wealth Partners LP
since March 2022
- Owns 75% or more of Temperance Wealth Partners LP
Temperance Partners Inc.
Control person · since October 2015
- Owns 75% or more of Temperance Partners Inc.
Temperance Partners (Canada) Limited Partnership II
Control person · since October 2015
- Owns 75% or more of Temperance Partners (Canada) Limited Partnership II
JDS TPLP Trust
Control person · since October 2014
- Owns 25% to 50% of JDS TPLP Trust
Julia Sorbara
Control person · since March 2011
- Owns 25% to 50% of JDS TPLP Trust
Thomas Sorbara
Control person · since March 2011
Temperance Partners GP I Limited
General partner · Control person · since June 2015
- Owns 25% to 50% of Temperance Partners Inc.
Paul Sorbara
Control person · since October 2015
Jason Seltzer
Vice president, temperance partners inc. · Control person · since October 2019
Kevin Tice
President, temperance partners inc. · Control person · since October 2015
Temperance Wealth Partners Inc.
General partner · Control person · since October 2015
- Owns 5% to 10% of LMCG Investments, LLC
Joseph F Tower
Control person · since May 2009
- Owns 5% to 10% of LMCG Investments, LLC
John Layton
since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
David Weeks
Control person · since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
Ajit Kumar
since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
Nan-Marie Jaeger
since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
Andreas Eckner
since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
Guillaume Horel
since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
Edwin Tsui
since March 2022
- Owns 5% to 10% of LMCG Investments, LLC
Richard Ganong
Control person · since March 2022
LMCG Investments’ regulatory assets grew from $6.48B (January 2021) to $6.83B (April 2026); clients fell from 2,702 to 968 and employees from 61 to 46.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $6.83B | 968 | 46 | 2 |
| Mar 2025March 2025 | $6.55B | 1,062 | 45 | 2 |
| Jul 2024July 2024 | $5.76B | 1,527 | 42 | 2 |
| Mar 2023March 2023 | $4.05B | 1,241 | 40 | 2 |
| Apr 2022April 2022 | $4.29B | 1,138 | 40 | 2 |
| Jan 2021January 2021 | $6.48B | 2,702 | 61 | 2 |
Besides its headquarters, LMCG Investments has 1 office, with 2 listed addresses across 2 states.
Massachusetts · 1 listed address
- One Boston Place, 201 Washington Street, 29th Floor, BostonHQ
New York · 1 listed address
- 650 5th Avenue, New York
Contact and registration details
- Legal name
- LMCG Investments, LLC
- Headquarters
- One Boston Place, 201 Washington Street, 29th Floor, Boston, MA 02108
- Website
- lmcg.com
- Phone
- 617-380-5600
- @lmcginvestments
- SEC file
- 801-70357
- Structure
- Delaware LLC
- Fiscal year end
- December
LMCG Investments’ named custodians for separately managed accounts include SEI Trust ($1.01B, 29%), Charles Schwab ($846M, 24%) and The Bank of New York Mellon ($823M, 24%). LMCG Investments has custody of $887M for 132 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $846M24%
- SEI TrustSEI Trust Company · Oaks, PA · $1.01B29%
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $823M24%
- FidelityFidelity Investments · Cincinnati, OH · $772M22%
At year end, LMCG Investments’ separately managed accounts were largely in bonds (45%) and stocks (34%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.87B across 225 positions; the largest are Apple Inc. (4.0%), Alphabet Inc. (3.8%) and Microsoft Corp. (3.0%).
What the accounts hold
- Stocks34%
- Funds1%
- Bonds45%
- U.S. government and agency bonds27%
- State and local bonds10%
- Investment grade corporate bonds8%
- Cash15%
- Other5%
- Derivatives5%
How many clients does LMCG Investments have?
LMCG Investments has 968 clients and manages $6.83 billion for them, as of April 2026. They include 725 high-net-worth individuals, 168 individual clients and 37 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 April 2026
What services does LMCG Investments offer?
LMCG Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, 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
Which custodians does LMCG Investments use?
LMCG Investments’ separately managed account assets are held at SEI Trust Company (Oaks, PA), with $1.01B, Charles Schwab & Co., Inc. (San Francisco, CA), with $846M, The Bank of New York Mellon Corporation (New York, NY), with $823M and Fidelity Investments (Cincinnati, OH), with $772M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 April 2026
How many financial advisors does LMCG Investments have?
LMCG Investments has 9 investment adviser representatives registered with state securities authorities, out of 46 employees, and 16 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
What does LMCG Investments invest in?
At the end of its last fiscal year, LMCG Investments’ separately managed accounts held 34% exchange-traded equities, 27% U.S. government and agency bonds, 15% cash and equivalents, 10% state and local bonds, 8% investment grade corporate bonds, 5% derivatives and 1% pooled vehicles (private funds and similar). It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns LMCG Investments?
LMCG Investments is owned through a chain of holding companies by Paul Sorbara and Julia and Thomas Sorbara. Its direct owners are Joseph F Tower, Kenneth Swan, John Layton, David Weeks, Ajit Kumar, Nan-Marie Jaeger, Andreas Eckner, Guillaume Horel, Edwin Tsui, Richard Ganong and Temperance Wealth Partners LP, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 9 April 2026
How does LMCG Investments get paid?
LMCG Investments 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
How do I contact LMCG Investments?
LMCG Investments’ main office is at One Boston Place, 201 Washington Street, 29th Floor, Boston, MA 02108. Its phone number is 617-380-5600. Its website is lmcg.com.
