LNS Operations provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
LNS Operations reports 612 clients. They include 367 individual clients, 240 high-net-worth individuals, and 4 corporations and other businesses. Of its assets, 86.0% ($651M across 1,718 accounts) are managed with discretion; $106M across 127 accounts are not. A wrap fee program the firm both sponsors and manages holds $706M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 81% |
| High-net-worth individuals | 39% | 18% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 367 | $614M | 81.1% | $1.67M |
| High-net-worth individuals | 240 | $137M | 18.1% | $570K |
| Charitable organizations | Fewer than 5 | $4M | 0.5% | $4M |
| Corporations and other businesses | Fewer than 5 | $1.79M | 0.2% | $448K |
| Total | 612 | $757M | 100% | — |
- Clients
- 367
- Regulatory AUM
- $614M
- AUM share
- 81.1%
- Avg. per client
- $1.67M
- Clients
- 240
- Regulatory AUM
- $137M
- AUM share
- 18.1%
- Avg. per client
- $570K
- Clients
- Fewer than 5
- Regulatory AUM
- $4M
- AUM share
- 0.5%
- Avg. per client
- $4M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.79M
- AUM share
- 0.2%
- Avg. per client
- $448K
Total
- Clients
- 612
- Regulatory AUM
- $757M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
LNS Operations charges up to 2.50% a year for its Asset management. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Flat fees based on scope and complexity, not to exceed $75,000 a year; waived for households with over $2,000,000 under management.
Zachary Larson owns 25% to 50% of LNS Operations. It has 16 employees, 6 of them in advisory roles.
Leadership
- Zachary LarsonCo-Founder
- Jacob SchatzPartner, CCO
- Corey SchmidtCo-Founder
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
Staff
- 16 employees
- 6 in advisory functions
- 6 state-registered reps
- 6 broker-dealer reps
- 2 soliciting firms
- Owns 25% to 50% of LNS Operations, LLC
Zachary Larson
Control person · since May 2026
- Owns 25% to 50% of LNS Operations, LLC
Corey Schmidt
Control person · since May 2026
Besides its headquarters, LNS Operations has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 1460 Bond St, NapervilleHQ
Other business names
LNS Operations has reported 1 other business name to the SEC.
- Intentgen Financial Partners, LLC
Contact and registration details
- Legal name
- LNS Operations, LLC
- Headquarters
- 1460 Bond St, Naperville, IL 60563
- Website
- intentgen.com
- Phone
- 630-821-6990
- @intentgen
- SEC file
- 801-136284
- Structure
- Illinois LLC
- Fiscal year end
- December
LNS Operations uses Fidelity ($743M) as custodian for its separately managed accounts. LNS Operations has custody of $359M in client assets for 272 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $743M100%
At year end, LNS Operations’ separately managed accounts were mostly in stocks (65%) and funds (28%).
What the accounts hold
- Stocks65%
- Funds28%
- Bonds3%
- Cash3%
- Other1%
- Short term certificates of deposit1%
How many clients does LNS Operations have?
LNS Operations has 612 clients and manages $757 million for them, as of September 2026. They include 367 individual clients, 240 high-net-worth individuals, and 4 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 September 2026
What services does LNS Operations offer?
LNS Operations provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does LNS Operations charge?
LNS Operations charges up to 2.50% a year for its Asset management. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A - FIRM BROCHURE, filed 15 September 2026
Which custodians does LNS Operations use?
LNS Operations’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $743M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 September 2026
How many financial advisors does LNS Operations have?
LNS Operations has 6 investment adviser representatives registered with state securities authorities, out of 16 employees, and 6 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 0 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 LNS Operations invest in?
At the end of its last fiscal year, LNS Operations’ separately managed accounts held 65% exchange-traded equities, 28% registered funds (mutual funds, ETFs, BDCs), 3% U.S. government and agency bonds, 3% cash and equivalents and 1% other. The 1% other category is described as: Short Term Certificates of Deposit.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns LNS Operations?
LNS Operations’ direct owners are Zachary Larson and Corey Schmidt, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 15 September 2026
How does LNS Operations get paid?
LNS Operations is paid through a percentage of assets under management, 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
Is LNS Operations registered with the SEC?
Yes, LNS Operations has been registered with the SEC as an investment adviser since 15 May 2026. Its CRD number is 341913 and its SEC file number is 801-136284.
Source: Form ADV Part 1A, Item 1, filed 15 September 2026; IAPD firm record
How do I contact LNS Operations?
LNS Operations’ main office is at 1460 Bond St, Naperville, IL 60563. Its phone number is 630-821-6990. Its website is intentgen.com.