{"url":"https://nivawealth.com/firms/lombard-advisers-108231","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108231","regulatoryAum":669830665,"crd":"108231","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3016175","suffix":null,"lastName":"BOYCE","firstName":"LESLIE","middleName":"MARVIN"},{"crd":"5408594","suffix":"JR","lastName":"BROWN","firstName":"JOHNNY","middleName":"G"},{"crd":"4270168","suffix":null,"lastName":"BUSSE","firstName":"CARRIE","middleName":"LYNN"},{"crd":"5202142","suffix":null,"lastName":"BYRD","firstName":"HARVEY","middleName":"CLIFFORD"},{"crd":"873890","suffix":null,"lastName":"COLLIER","firstName":"GARY","middleName":"CLEVELAND"},{"crd":"2537861","suffix":null,"lastName":"CORTO","firstName":"FRANK","middleName":"DOMINIC"},{"crd":"1241173","suffix":null,"lastName":"COX","firstName":"MICHAEL","middleName":"PRESTON"},{"crd":"8226586","suffix":null,"lastName":"Cox","firstName":"Zachary","middleName":"Allen"},{"crd":"1893076","suffix":null,"lastName":"Dabareiner","firstName":"Jon","middleName":"Mark"},{"crd":"7161950","suffix":"JR","lastName":"FOGAL","firstName":"RICHARD","middleName":"ALAN"},{"crd":"6999665","suffix":null,"lastName":"Gallo","firstName":"Arthur","middleName":"Graig"},{"crd":"1769051","suffix":null,"lastName":"GUENSCH","firstName":"DAVID","middleName":"FREDERICK"},{"crd":"1792140","suffix":"III","lastName":"HARRISON","firstName":"RAYMOND","middleName":"BALLARD"},{"crd":"730534","suffix":"JR","lastName":"HUNDLEY","firstName":"PERCY","middleName":"LEMAR"},{"crd":"3182100","suffix":null,"lastName":"JENKINS","firstName":"CHARLES","middleName":"M"},{"crd":"4735928","suffix":null,"lastName":"JOHNSON","firstName":"JAMES","middleName":"L"},{"crd":"803948","suffix":null,"lastName":"KING","firstName":"GARY","middleName":"ALLEN"},{"crd":"1051705","suffix":null,"lastName":"KIRKEBY","firstName":"KENNETH","middleName":"RAYMOND"},{"crd":"6717628","suffix":null,"lastName":"kochel","firstName":"Brent","middleName":"Alan"},{"crd":"7418730","suffix":null,"lastName":"MICHELSEN","firstName":"LYNDSEY","middleName":"Marie"},{"crd":"1180250","suffix":null,"lastName":"OATES","firstName":"DONALD","middleName":"EUGENE"},{"crd":"2078986","suffix":"JR","lastName":"PRICE","firstName":"DON","middleName":"ANDREW"},{"crd":"6482683","suffix":null,"lastName":"PRINDLE","firstName":"STEPHEN","middleName":"HARLOWE"},{"crd":"3226121","suffix":null,"lastName":"REITARS","firstName":"LAWRENCE","middleName":"IRA"},{"crd":"374634","suffix":"JR","lastName":"REYNOLDS","firstName":"EDWIN","middleName":"MAJOR"},{"crd":"2895570","suffix":null,"lastName":"Slagle","firstName":"Brian","middleName":"Lee"},{"crd":"2479370","suffix":"II","lastName":"SONNIER","firstName":"EDWARD","middleName":"DAVID"},{"crd":"8078685","suffix":null,"lastName":"Sonnier","firstName":"Joseph","middleName":"Carl"},{"crd":"7495163","suffix":null,"lastName":"Sutphin","firstName":"Joseph","middleName":"Matthew"},{"crd":"838288","suffix":null,"lastName":"SWITLICK","firstName":"STEVEN","middleName":"ROBERT"},{"crd":"1105863","suffix":null,"lastName":"WALLS","firstName":"THOMAS","middleName":"STEPHEN"},{"crd":"4813250","suffix":null,"lastName":"WATKINS","firstName":"MARILYN","middleName":"LEJEUNE"},{"crd":"4504077","suffix":null,"lastName":"WILKINSON","firstName":"PETER","middleName":"GRAHAM"}],"total":33,"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":"2021-05-10","regulatoryAum":202110713,"clients":616,"employees":42,"offices":24},{"filedOn":"2022-05-12","regulatoryAum":254530943,"clients":729,"employees":44,"offices":26},{"filedOn":"2023-08-02","regulatoryAum":257681888,"clients":767,"employees":43,"offices":22},{"filedOn":"2024-03-27","regulatoryAum":366417835,"clients":855,"employees":44,"offices":22},{"filedOn":"2025-03-27","regulatoryAum":567437959,"clients":955,"employees":42,"offices":26},{"filedOn":"2026-03-27","regulatoryAum":669830665,"clients":985,"employees":41,"offices":24}],"secFileNumber":"801-114981","legalName":"Lombard 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a negotiated fixed annual subscription fee.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028979","versionId":1028979,"submittedOn":"2026-03-27","documentName":"LOMBARD ADVISERS INCORPORATED FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T06:02:57.699032+00:00","documents":[{"name":"LOMBARD ADVISERS INCORPORATED FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028979","versionId":1028979,"submittedOn":"2026-03-27"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028980","versionId":1028980,"submittedOn":null}]},"custodians":[{"name":"Wells Fargo Clearing Services, LLC","shortName":"Wells Fargo Clearing Services","location":"St. Louis, MO","smaAssets":578805270}],"custodyNote":"Lombard Advisers does not have custody of client assets.","leadership":[{"name":"Charles Fox","title":"Chief Executive Officer","crd":"1201770"},{"name":"William Socha","title":"Chief Financial Officer","crd":"712323"},{"name":"Terry Donlan Welker","title":"Chief Compliance Officer","crd":"2825889"}],"ownership":[{"label":"Lombard Securities Incorporated","detail":"100% owner of lombard advisers incorporated in the 75% or more ownership band and a control person, since August 1994."},{"label":"Lombard Securities","detail":"100% owner of in the 75% or more ownership band and a control person, since August 1994."}],"filedOffices":{"otherThanPrincipal":23,"privateResidences":9},"listedOfficeAddresses":15,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"4923 S. West Shore BLVD.","city":"Tampa"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"139 West Vienna Street","city":"Anna"}]},{"state":"Louisiana","offices":1,"addresses":[{"street":"115 West Nazpique Road","city":"Jennings"}]},{"state":"Maryland","offices":2,"addresses":[{"street":"1820 Lancaster St","city":"Baltimore","headquarters":true},{"street":"2805 Chevy Chase Circle","city":"Jefferson"}]},{"state":"Missouri","offices":1,"addresses":[{"street":"812 Clay Street","city":"Chillicothe"}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"130 Library Lane","city":"Mathews"}]},{"state":"Pennsylvania","offices":4,"addresses":[{"street":"600 Germantown Pike","city":"Plymouth Meeting"},{"street":"1938 Security Drive","city":"York"},{"street":"6235 Hamilton BLVD.","city":"Allentown"},{"street":"652 West 38th Street","city":"Eerie"}]},{"state":"Texas","offices":1,"addresses":[{"street":"1195 CR 1650","city":"Chico"}]},{"state":"Virginia","offices":3,"addresses":[{"street":"24 Watergate Terrace","city":"Newport News"},{"street":"106 Wadsworth Street","city":"Radford"},{"street":"40 Village Springs Drive","city":"Hardy"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"410-342-1300","stateRegisteredReps":30,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":66},{"label":"U.S. government/agency bonds","percent":1},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":29},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108231/PDF/108231.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028979","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-26","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Lombard Advisers have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Lombard Advisers offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Lombard Advisers use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Lombard Advisers have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Lombard Advisers invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Lombard Advisers?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Lombard Advisers get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Lombard Advisers registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Lombard Advisers?","answer":"Lombard Advisers’ main office is at 1820 Lancaster St, Baltimore, MD 21231. Its phone number is 410-342-1300. Its website is golombard.com.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 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."}