Lumbard & Kellner manages investment portfolios for high-net-worth individuals, trusts, estates, and charitable organizations. Founded in 1990, the firm operates as a value investor, carefully examining a company's earnings, stock price multiples, and dividends when picking stocks. Lumbard & Kellner also analyzes fixed income securities for income and potential price appreciation. The firm manages all client accounts with full authority to make trades without asking first, focusing strictly on portfolio and investment management rather than comprehensive financial planning.
Assets Under Management$440M
Clients321
Advisors3
Avg. per Client$1.4M
Avg. per Advisor$150M
Fee Structure
Minimum Investment:$1.5M
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.10% |
| $500K - $1.5M | 0.80% |
| $1.5M+ | 0.50% |
Fees are generally not negotiable, but the firm reserves the right to make special arrangements under certain circumstances.
Fee Estimator
Your Portfolio Value
$500K
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Estimated Annual Fee
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