{"url":"https://nivawealth.com/firms/the-l-warner-companies-108001","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108001","regulatoryAum":802359348,"crd":"108001","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1897303","suffix":null,"lastName":"ANDERSON","firstName":"MICHAEL","middleName":"THOMAS"},{"crd":"6750638","suffix":null,"lastName":"Dixon","firstName":"Edward","middleName":"A"},{"crd":"2322693","suffix":null,"lastName":"GRAMIGNA","firstName":"THOMAS","middleName":"JOSEPH"},{"crd":"2426783","suffix":null,"lastName":"KILLINGER","firstName":"EDWIN","middleName":"SCOTT"},{"crd":"5837723","suffix":null,"lastName":"PENZI","firstName":"RAYMOND","middleName":null},{"crd":"3196798","suffix":null,"lastName":"SALCMAN","firstName":"ILENE","middleName":null},{"crd":"6641865","suffix":null,"lastName":"SMOCHINSKY","firstName":"ALA","middleName":null},{"crd":"1062792","suffix":null,"lastName":"SPIVEY","firstName":"RICHARD","middleName":"DEAN"},{"crd":"3025932","suffix":null,"lastName":"TRUSS","firstName":"TIMOTHY","middleName":"JOSEPH"}],"total":9,"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":"2021-03-31","regulatoryAum":538754564,"clients":271,"employees":55,"offices":2},{"filedOn":"2022-04-01","regulatoryAum":681964136,"clients":322,"employees":46,"offices":3},{"filedOn":"2023-04-03","regulatoryAum":605992825,"clients":308,"employees":43,"offices":3},{"filedOn":"2024-05-08","regulatoryAum":657425933,"clients":300,"employees":43,"offices":4},{"filedOn":"2025-03-28","regulatoryAum":744609071,"clients":448,"employees":42,"offices":4},{"filedOn":"2026-08-05","regulatoryAum":802359348,"clients":465,"employees":38,"offices":4}],"secFileNumber":"801-56965","legalName":"The L. 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Warner Companies","slug":"the-l-warner-companies-108001","website":"https://lwarner.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1992","organization":"Maryland corporation","fiscalYearEnd":"December","headquarters":{"street":"9690 Deereco Road, Suite 650","city":"Timonium","state":"MD","stateName":"Maryland","country":"United States","postalCode":"21093"},"tradeNames":[],"registration":{"secApproved":"25 September 1999","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2117173.602272727,"staff":{"employees":38,"advisory":9,"brokerDealerReps":14,"insuranceAgents":27,"promoters":2},"aum":{"regulatory":802359348,"discretionary":802359348,"discretionaryAccounts":381,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":172,"regulatoryAum":67072060},{"label":"High-net-worth individuals","clients":180,"regulatoryAum":678173048},{"label":"Banking or thrift institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Pension and profit-sharing plans","clients":100,"regulatoryAum":27623954},{"label":"Charitable organizations","clients":5,"regulatoryAum":15303858},{"label":"State or municipal government entities","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":3,"fewerThan5":true,"regulatoryAum":14186428},{"label":"Other","clients":5,"regulatoryAum":0}],"feePrograms":[{"role":"main","program":"Investment supervisory fees","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035591","versionId":1035591,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"ADV PART 2 A&B","fee_rate_low":null,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035591","versionId":1035591,"submittedOn":"2026-03-31","documentName":"ADV PART 2 A&B"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T06:01:23.979827+00:00","documents":[{"name":"ADV PART 2 A&B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035591","versionId":1035591,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":19454487}],"custodyNote":"The L. Warner Companies has custody of $16.7M in client assets for 11 clients.","otherCustodians":[],"leadership":[{"name":"Edwin Killinger","title":"Chief Executive Officer / Chief Compliance Officer","crd":"2426783"}],"ownership":[{"label":"Foundation Risk Partners, Corp.","detail":"Owner in the 75% or more ownership band and a control person, since May 2021."},{"label":"FRP Parent, Corp.","detail":"Indirect owner: a owner of Foundation Risk Partners, Corp. in the 75% or more band and a control person, since May 2021.","parent":"Foundation Risk Partners, Corp."},{"label":"FRP Holdings, Corp.","detail":"Indirect owner: a owner of FRP Parent, Corp. in the 75% or more band and a control person, since May 2021.","parent":"FRP Parent, Corp."},{"label":"FRP Investors II, LP","detail":"Indirect owner: a owner of FRP Parent II, Corp. in the 75% or more band and a control person, since September 2022.","parent":"FRP Parent II, Corp."},{"label":"FRP Parent II, Corp.","detail":"Indirect owner: a owner of FRP Holdings, Corp. in the 75% or more band and a control person, since September 2022.","parent":"FRP Holdings, Corp."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"9100 Wilshire BLVD.","city":"Beverly Hills"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"9690 Deereco Road, Suite 650","city":"Timonium","headquarters":true}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"459 Washington Street","city":"Duxbury"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"21 Euclid Ave","city":"Haddonfield"}]}],"brochureServices":["education planning","estate planning","insurance","retirement plan services","tax planning","tax preparation"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"410-252-0808","stateRegisteredReps":9,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Commissions"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":60},{"label":"U.S. government/agency bonds","percent":12},{"label":"U.S. state and local bonds","percent":13},{"label":"Investment grade corporate bonds","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"5 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108001/PDF/108001.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035591","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does The L. Warner Companies have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does The L. Warner Companies offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does The L. Warner Companies charge?","answer":"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.","source":"ADV PART 2 A&B, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does The L. Warner Companies use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does The L. Warner Companies have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does The L. Warner Companies invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns The L. Warner Companies?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does The L. Warner Companies get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact The L. Warner Companies?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 5 August 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."}