Lombard Advisers provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Lombard Advisers reports 985 clients. They include 867 individual clients, 74 high-net-worth individuals, and 27 pension and profit-sharing plans. Of its assets, 36.6% ($245M across 640 accounts) are managed with discretion; $425M across 816 accounts are not. A wrap fee program the firm both sponsors and manages holds $579M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 88% | 53% |
| High-net-worth individuals | 8% | 23% |
| Pension and profit-sharing plans | 3% | 14% |
| Charitable organizations | 2% | 9% |
| 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) | 867 | $357M | 53.3% | $412K |
| High-net-worth individuals | 74 | $155M | 23.1% | $2.09M |
| Pension and profit-sharing plans | 27 | $95.4M | 14.2% | $3.54M |
| Charitable organizations | 15 | $62.7M | 9.4% | $4.18M |
| Corporations and other businesses | Fewer than 5 | $256K | 0.0% | $128K |
| Total | 985 | $670M | 100% | — |
- Clients
- 867
- Regulatory AUM
- $357M
- AUM share
- 53.3%
- Avg. per client
- $412K
- Clients
- 74
- Regulatory AUM
- $155M
- AUM share
- 23.1%
- Avg. per client
- $2.09M
- Clients
- 27
- Regulatory AUM
- $95.4M
- AUM share
- 14.2%
- Avg. per client
- $3.54M
- Clients
- 15
- Regulatory AUM
- $62.7M
- AUM share
- 9.4%
- Avg. per client
- $4.18M
- Clients
- Fewer than 5
- Regulatory AUM
- $256K
- AUM share
- 0.0%
- Avg. per client
- $128K
Total
- Clients
- 985
- Regulatory AUM
- $670M
- 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
Lombard Advisers is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Held Away Asset Management
- Negotiated annual fee on market value with the same maximum bands (1.70%, 1.00%, 0.75%), or a negotiated fixed annual subscription fee.
Lombard Securities Incorporated owns 75% or more of Lombard Advisers. Charles Fox is CEO; the leadership team includes Chief Financial Officer William Socha and Chief Compliance Officer Terry Donlan Welker. It has 41 employees, 30 of them in advisory roles.
Leadership
- Charles FoxChief Executive Officer
- William SochaChief Financial Officer
- Terry Donlan WelkerChief Compliance Officer
Investment adviser representatives
33 representatives listed in the SEC register as of 9 October 2026.
Staff
- 41 employees
- 30 in advisory functions
- 30 state-registered reps
- 32 broker-dealer reps
- 26 insurance agents
- Owns 75% or more of Lombard Advisers Incorporated
Lombard Securities Incorporated
Control person · since August 1994
- Owns 75% or more of Lombard Advisers Incorporated
Lombard Securities
Control person · since August 1994
Lombard Advisers’ regulatory assets grew 3.3× from $202M (May 2021) to $670M (March 2026); clients rose from 616 to 985 and employees were 41 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $670M | 985 | 41 | 24 |
| March 2025 | $567M | 955 | 42 | 26 |
| March 2024 | $366M | 855 | 44 | 22 |
| August 2023 | $258M | 767 | 43 | 22 |
| May 2022 | $255M | 729 | 44 | 26 |
| May 2021 | $202M | 616 | 42 | 24 |
Besides its headquarters, Lombard Advisers has 23 offices (9 private residences, listed without an address), with 15 listed addresses across 9 states.
Pennsylvania · 4 listed addresses
- 600 Germantown Pike, Plymouth Meeting
- 1938 Security Drive, York
- 6235 Hamilton BLVD., Allentown
- 652 West 38th Street, Eerie
Virginia · 3 listed addresses
- 24 Watergate Terrace, Newport News
- 106 Wadsworth Street, Radford
- 40 Village Springs Drive, Hardy
Maryland · 2 listed addresses
- 1820 Lancaster St, BaltimoreHQ
- 2805 Chevy Chase Circle, Jefferson
Florida · 1 listed address
- 4923 S. West Shore BLVD., Tampa
Illinois · 1 listed address
- 139 West Vienna Street, Anna
Louisiana · 1 listed address
- 115 West Nazpique Road, Jennings
Missouri · 1 listed address
- 812 Clay Street, Chillicothe
North Carolina · 1 listed address
- 130 Library Lane, Mathews
Texas · 1 listed address
- 1195 CR 1650, Chico
Other business names
Lombard Advisers has reported 12 other business names to the SEC.
- Byrd Wealth Management
- Cornerstone Portfolios, LLC
- Corto Financial Group, LLC
- Cox Wealth Advisors
- Dabareiner Wealth Management
- Gary Collier & Associates
- Hundley & Associates
- Kochel Wealth Management
- Lockridge Legacy Financial, LLC
- Slagle Investments, LLC
- West Virginia Wealth Advisors
- Whitehouse Financial Group
Contact and registration details
- Legal name
- Lombard Advisers Incorporated
- Headquarters
- 1820 Lancaster St, Baltimore, MD 21231
- Website
- golombard.com
- Phone
- 410-342-1300
- SEC file
- 801-114981
- Structure
- Maryland corporation
- Fiscal year end
- December
Lombard Advisers uses Wells Fargo Clearing Services ($579M) as custodian for its separately managed accounts. Lombard Advisers does not have custody of client assets.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $579M100%
At year end, Lombard Advisers’ separately managed accounts were mostly in stocks (66%) and funds (29%).
What the accounts hold
- Stocks66%
- Funds29%
- Bonds2%
- U.S. government and agency bonds1%
- High-yield corporate bonds1%
- Cash3%
How many clients does Lombard Advisers have?
Lombard Advisers has 985 clients and manages $670 million for them, as of March 2026. They include 867 individual clients, 74 high-net-worth individuals, and 27 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Lombard Advisers offer?
Lombard Advisers provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Lombard Advisers use?
Lombard Advisers’ separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $579M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Lombard Advisers have?
Lombard Advisers has 30 investment adviser representatives registered with state securities authorities, out of 41 employees, and 30 perform investment advisory functions. 32 employees are registered representatives of a broker-dealer and 26 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 Lombard Advisers invest in?
At the end of its last fiscal year, Lombard Advisers’ separately managed accounts held 66% exchange-traded equities, 29% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents, 1% U.S. government and agency bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lombard Advisers?
Lombard Advisers’ direct owners are Lombard Securities Incorporated (75% or more) and Lombard Securities (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Lombard Advisers get paid?
Lombard Advisers is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or 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 Lombard Advisers registered with the SEC?
Yes, Lombard Advisers has been registered with the SEC as an investment adviser since 12 April 2019. Its CRD number is 108231 and its SEC file number is 801-114981.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Lombard Advisers?
Lombard Advisers’ main office is at 1820 Lancaster St, Baltimore, MD 21231. Its phone number is 410-342-1300. Its website is golombard.com.