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SEC-registered adviser

L••• I••••••••• C••••••

Independent wealth managerPasadena, CaliforniaCRD 106635SEC 801-24322websiteIAPD
Legal name L••••••• W• K•••• • A••••••••• I•••
Latest filing Mar 26, 2026
First filing on the tape Mar 27, 2012 · 20 filings
SEC status approved since Aug 16, 1985
RAUM
$540M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$535M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$270M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$540M as of Mar 26, 2026
Mar 27, 2012$625M then
HNW client RAUM$526M as of Mar 26, 2026
Mar 26, 2018$719M then
State-registered IARs (5.B.3)2 as of Mar 26, 2026
Mar 27, 20120 then
Employees (5.A)5 as of Mar 26, 2026
Mar 26, 20136 then
Private funds: no history
RAUM +1.8% over the last fiscal year+7.0% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$270MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
39derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$8.6MderivedHNW RAUM over HNW clients
Average account
$6.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.8%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$526M97%
  • Individuals$9.8M1.8%
  • Charitable organizations$4.7M0.9%
Individual clients
17reported
HNW clients
61reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
83reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
N••••••• J• W••••Chartered Financial AnalystPasadena, CaApr 5, 200531 y1
M•••••• C••• S••••••Chartered Financial AnalystPasadena, CaJan 4, 201124 y3
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • S••••••• M••••••• C••• · Chief Compliance Officercontrol
      since 09/2013 · owns less than 5%
    • W••••• N•••••••• J• · Chief Executive Officer, Director And Shareholdercontrol
      since 10/2004 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Pasadena, Ca · principal200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 86 to 83
      Mar 26, 2025 to Mar 26, 2026
    • HNW clients · 63 to 61
      Mar 26, 2025 to Mar 26, 2026
    • Individual clients · 18 to 17
      Mar 26, 2025 to Mar 26, 2026
    • Discretionary RAUM · $530M to $540M
      Mar 26, 2025 to Mar 26, 2026
    • HNW RAUM · $514M to $526M
      Mar 26, 2025 to Mar 26, 2026
    • Individual RAUM · $10.2M to $9.8M
      Mar 26, 2025 to Mar 26, 2026
    • RAUM · $530M to $540M
      Mar 26, 2025 to Mar 26, 2026
    • RAUM · $510M to $530M
      Mar 29, 2024 to Mar 26, 2025
    • Accounts · 88 to 86
      Mar 29, 2024 to Mar 26, 2025
    • HNW clients · 68 to 63
      Mar 29, 2024 to Mar 26, 2025
    • Individual clients · 15 to 18
      Mar 29, 2024 to Mar 26, 2025
    • Financial planning clients · unset to
      Mar 29, 2024 to Mar 26, 2025
    • Discretionary RAUM · $510M to $530M
      Mar 29, 2024 to Mar 26, 2025
    • HNW RAUM · $496M to $514M
      Mar 29, 2024 to Mar 26, 2025
    • Individual RAUM · $8.1M to $10.2M
      Mar 29, 2024 to Mar 26, 2025
    • Accounts · 90 to 88
      Mar 29, 2023 to Mar 29, 2024
    • HNW clients · 72 to 68
      Mar 29, 2023 to Mar 29, 2024
    • Individual clients · 13 to 15
      Mar 29, 2023 to Mar 29, 2024
    • Discretionary RAUM · $441M to $510M
      Mar 29, 2023 to Mar 29, 2024
    • HNW RAUM · $429M to $496M
      Mar 29, 2023 to Mar 29, 2024
    • Individual RAUM · $5.9M to $8.1M
      Mar 29, 2023 to Mar 29, 2024
    • RAUM · $441M to $510M
      Mar 29, 2023 to Mar 29, 2024
    • Accounts · 84 to 90
      Mar 31, 2022 to Mar 29, 2023
    • Advisory employees · 3 to 2
      Mar 31, 2022 to Mar 29, 2023
    • HNW clients · 64 to 72
      Mar 31, 2022 to Mar 29, 2023
    • Individual clients · 15 to 13
      Mar 31, 2022 to Mar 29, 2023
    • Employees · 6 to 5
      Mar 31, 2022 to Mar 29, 2023
    • State-registered IARs · 3 to 2
      Mar 31, 2022 to Mar 29, 2023
    • Discretionary RAUM · $610M to $441M
      Mar 31, 2022 to Mar 29, 2023
    • HNW RAUM · $595M to $429M
      Mar 31, 2022 to Mar 29, 2023
    • Individual RAUM · $7.2M to $5.9M
      Mar 31, 2022 to Mar 29, 2023
    • RAUM · $610M to $441M
      Mar 31, 2022 to Mar 29, 2023
    • Accounts · 81 to 84
      Mar 31, 2021 to Mar 31, 2022
    • HNW clients · 60 to 64
      Mar 31, 2021 to Mar 31, 2022
    • Individual clients · 16 to 15
      Mar 31, 2021 to Mar 31, 2022
    • Discretionary RAUM · $509M to $610M
      Mar 31, 2021 to Mar 31, 2022
    • HNW RAUM · $495M to $595M
      Mar 31, 2021 to Mar 31, 2022
    • Individual RAUM · $6.5M to $7.2M
      Mar 31, 2021 to Mar 31, 2022
    • RAUM · $509M to $610M
      Mar 31, 2021 to Mar 31, 2022
    • Accounts · 79 to 81
      Jun 30, 2020 to Mar 31, 2021
    Signals
    4 dated events
    • L••• I••••••••• C•••••• reported RAUM $440.6M, down 28% from $609.8M (2022-03-31 to 2023-03-29)
      Mar 29, 2023 · RAUM change · derived
    • L••• I••••••••• C•••••• reported RAUM $508.5M, down 45% from $929.2M (2020-06-30 to 2021-03-31)
      Mar 31, 2021 · RAUM change · derived
    • Wayne Lawrence Kelly (Chairman, Director) no longer on Schedule A of L••• I••••••••• C•••••• (listed 2020-06-30, absent 2021-03-31)
      Mar 31, 2021 · Control person left · inference
    • L••• I••••••••• C•••••• reported RAUM $932.2M, up 28% from $727.1M (2018-03-26 to 2019-03-28)
      Mar 28, 2019 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Business phone
    626-449-9500reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    626-449-9566reportedpublished by the firm, firm site, Sep 15, 2026
    Website
    l•••••••••.comreportedpublic record, Form ADV, Sep 21, 2026
    Principal office phone
    626/449-9500reportedpublic record, Form ADV, Mar 26, 2026
    Contact form
    l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    l•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $270Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026