Lehner Capital is a registered investment advisor formed in February 2026 and located in Lakeville, Connecticut. The firm is wholly owned by Stephen Lehner, who serves as the managing member. Lehner Capital offers discretionary investment management services focused exclusively on a single long-only equity investment strategy called the Lehner Focus Strategy, which invests in publicly traded equities without using leverage or derivatives. The firm does not tailor portfolios to individual client objectives, does not accept client-imposed restrictions, and does not provide financial, retirement, tax, or estate planning services. Client accounts are maintained at Interactive Brokers, which acts as the qualified custodian. The firm charges asset-based management fees, and for clients who meet specific wealth or investment thresholds, performance-based fees may apply.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Annual asset-based management fees typically range from 1.00% to 2.00% of assets under management. Eligible qualified clients may also be charged performance-based fees ranging from 10.00% to 20.00% of net investment gains.