The L. Warner Companies provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, retirement plan services, tax planning, and tax preparation. Financial planning was provided to 101–250 clients last fiscal year.
The L. Warner Companies reports 465 clients. They include 180 high-net-worth individuals, 172 individual clients, and 100 pension and profit-sharing plans. Of its assets, 100.0% ($802M across 381 accounts) are managed with discretion. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 37% | 8% |
| High-net-worth individuals | 39% | 85% |
| Banking or thrift institutions | Fewer than 5 | 0% |
| Pension and profit-sharing plans | 22% | 3% |
| Charitable organizations | 1% | 2% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | 2% | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 172 | $67.1M | 8.4% | $390K |
| High-net-worth individuals | 180 | $678M | 84.5% | $3.77M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | 100 | $27.6M | 3.4% | $276K |
| Charitable organizations | 5 | $15.3M | 1.9% | $3.06M |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| 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 | Fewer than 5 | $14.2M | 1.8% | $4.73M |
| Other | 5 | $0 | 0.0% | $0 |
| Total | 465 | $802M | 100% | — |
- Clients
- 172
- Regulatory AUM
- $67.1M
- AUM share
- 8.4%
- Avg. per client
- $390K
- Clients
- 180
- Regulatory AUM
- $678M
- AUM share
- 84.5%
- Avg. per client
- $3.77M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 100
- Regulatory AUM
- $27.6M
- AUM share
- 3.4%
- Avg. per client
- $276K
- Clients
- 5
- Regulatory AUM
- $15.3M
- AUM share
- 1.9%
- Avg. per client
- $3.06M
- 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
- 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
- Fewer than 5
- Regulatory AUM
- $14.2M
- AUM share
- 1.8%
- Avg. per client
- $4.73M
- Clients
- 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 465
- Regulatory AUM
- $802M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
The L. Warner Companies charges up to 1.50% a year for its Investment supervisory fees. 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
- Financial planning fees typically range from $1,000 to $25,000, negotiable, and may exceed $25,000 for larger engagements; written plans are paid in two installments.
Foundation Risk Partners, Corp. owns 75% or more of The L. Warner Companies and is in turn owned by FRP Parent, Corp. (75% or more). Edwin Killinger is CEO. It has 38 employees, 9 of them in advisory roles.
Leadership
- Edwin KillingerChief Executive Officer / Chief Compliance Officer
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
Staff
- 38 employees
- 9 in advisory functions
- 9 state-registered reps
- 14 broker-dealer reps
- 27 insurance agents
- 2 soliciting firms
- Owns 75% or more of The L. Warner Companies, Inc
Foundation Risk Partners, Corp.
Control person · since May 2021
- Owns 75% or more of Foundation Risk Partners, Corp.
FRP Parent, Corp.
Control person · since May 2021
- Owns 75% or more of FRP Parent, Corp.
FRP Holdings, Corp.
Control person · since May 2021
- Owns 75% or more of FRP Holdings, Corp.
FRP Parent II, Corp.
Control person · since September 2022
- Owns 75% or more of FRP Parent II, Corp.
FRP Investors II, LP
Control person · since September 2022
The L. Warner Companies’ regulatory assets grew from $539M (March 2021) to $802M (August 2026); clients rose from 271 to 465 and employees fell from 55 to 38.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $802M | 465 | 38 | 4 |
| March 2025 | $745M | 448 | 42 | 4 |
| May 2024 | $657M | 300 | 43 | 4 |
| April 2023 | $606M | 308 | 43 | 3 |
| April 2022 | $682M | 322 | 46 | 3 |
| March 2021 | $539M | 271 | 55 | 2 |
Besides its headquarters, The L. Warner Companies has 3 offices, with 4 listed addresses across 4 states.
California · 1 listed address
- 9100 Wilshire BLVD., Beverly Hills
Maryland · 1 listed address
- 9690 Deereco Road, Suite 650, TimoniumHQ
Massachusetts · 1 listed address
- 459 Washington Street, Duxbury
New Jersey · 1 listed address
- 21 Euclid Ave, Haddonfield
Contact and registration details
- Legal name
- The L. Warner Companies, Inc
- Headquarters
- 9690 Deereco Road, Suite 650, Timonium, MD 21093
- Website
- lwarner.com
- Phone
- 410-252-0808
- SEC file
- 801-56965
- Founded
- 1992
- Structure
- Maryland corporation
- Fiscal year end
- December
The L. Warner Companies uses Charles Schwab ($19.5M) as custodian for its separately managed accounts. The L. Warner Companies has custody of $16.7M in client assets for 11 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $19.5M100%
At year end, The L. Warner Companies’ separately managed accounts were mostly in stocks (60%) and bonds (35%).
What the accounts hold
- Stocks60%
- Funds5%
- Bonds35%
- State and local bonds13%
- U.S. government and agency bonds12%
- Investment grade corporate bonds10%
How many clients does The L. Warner Companies have?
The L. Warner Companies has 465 clients and manages $802 million for them, as of August 2026. They include 180 high-net-worth individuals, 172 individual clients, and 100 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026
What services does The L. Warner Companies offer?
The L. Warner Companies provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, retirement plan services, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does The L. Warner Companies charge?
The L. Warner Companies charges up to 1.50% a year for its Investment supervisory fees. The fee is billed in advance and is negotiable.
Which custodians does The L. Warner Companies use?
The L. Warner Companies’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $19.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026
How many financial advisors does The L. Warner Companies have?
The L. Warner Companies has 9 investment adviser representatives registered with state securities authorities, out of 38 employees, and 9 perform investment advisory functions. 14 employees are registered representatives of a broker-dealer and 27 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 The L. Warner Companies invest in?
At the end of its last fiscal year, The L. Warner Companies’ separately managed accounts held 60% exchange-traded equities, 13% state and local bonds, 12% U.S. government and agency bonds, 10% investment grade corporate bonds and 5% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The L. Warner Companies?
The L. Warner Companies is owned through a chain of holding companies by FRP Investors II, LP. Its direct owner is Foundation Risk Partners, Corp. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 August 2026
How does The L. Warner Companies get paid?
The L. Warner Companies 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
How do I contact The L. Warner Companies?
The L. Warner Companies’ main office is at 9690 Deereco Road, Suite 650, Timonium, MD 21093. Its phone number is 410-252-0808. Its website is lwarner.com.