{
  "crd_number": 140923,
  "slug": "l-and-s-advisors-inc-los-angeles-ca-140923",
  "primary_business_name": "L & S ADVISORS, INC",
  "legal_name": "L & S ADVISORS, INC",
  "dbas": [],
  "city": "Los Angeles",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-06-05",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-09-23",
  "carried_forward": false,
  "raum_total": 1163055017.0,
  "raum_discretionary": 1163055017.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 15,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 100257467.0,
      "count": 13
    },
    "individuals": {
      "raum": 251994930.0,
      "count": 868
    },
    "pension_profit_sharing": {
      "raum": 3706853.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 683498570.0,
      "count": 186
    },
    "corporations_other_businesses": {
      "raum": 123597197.0,
      "count": 26
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IL",
    "LA",
    "MI",
    "NC",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "SC",
    "TX",
    "UT",
    "VA",
    "WA"
  ],
  "websites": [
    "https://facebook.com/LSADVISORSINC",
    "https://linkedin.com/company/l&s-advisors-inc.",
    "https://lsadvisor.com",
    "https://lsadvisors.com",
    "https://x.com/lsadvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140923",
  "city_as_filed": "LOS ANGELES",
  "url": "https://advisorcensus.com/firm/l-and-s-advisors-inc-los-angeles-ca-140923",
  "display_name": "L & S Advisors, Inc",
  "summary": "L & S Advisors, Inc is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 23, 2026.",
  "citation": "AdvisorCensus. L & S Advisors, Inc (CRD 140923): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is L & S Advisors, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), L & S Advisors, Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "How much does L & S Advisors, Inc charge?",
      "a": "Its Form ADV Part 2A brochure dated June 8, 2026 states: Hourly rate: $500 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is L & S Advisors, Inc located?",
      "a": "L & S Advisors, Inc's principal office is in Los Angeles, CA, according to its Form ADV."
    },
    {
      "q": "Is L & S Advisors, Inc registered with the SEC or a state?",
      "a": "L & S Advisors, Inc is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 140923."
    },
    {
      "q": "How much does L & S Advisors, Inc manage?",
      "a": "L & S Advisors, Inc reports $1,163,055,017 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have L & S Advisors, Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for L & S Advisors, Inc: Regulatory assets under management: $998,169,642 in the October 2021 data and $1,163,055,017 in the October 2026 data, up 17%. Total employees: 17 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does L & S Advisors, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (868); high net worth individuals (186); corporations or other businesses not listed above (26)."
    },
    {
      "q": "Which custodians does L & S Advisors, Inc use?",
      "a": "L & S Advisors, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., National Financial Services LLC and Wells Fargo Clearing Services, LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does L & S Advisors, Inc report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140923"
    },
    {
      "q": "What changed in L & S Advisors, Inc's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 15 to 9. Regulatory assets under management went from $1,052,549,765 to $1,163,055,017 (+10%). Registered or notice-filed in GA, OH, UT."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 998169642.0,
      "total_employees": 17,
      "filing_date": "2021-06-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 938702857.0,
      "total_employees": 15,
      "filing_date": "2022-06-03"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 830523484.0,
      "total_employees": 17,
      "filing_date": "2023-06-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1006898005.0,
      "total_employees": 15,
      "filing_date": "2024-05-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1052549765.0,
      "total_employees": 15,
      "filing_date": "2025-06-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1163055017.0,
      "total_employees": 15,
      "filing_date": "2026-09-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 9.",
        "Regulatory assets under management went from $1,052,549,765 to $1,163,055,017 (+10%).",
        "Registered or notice-filed in GA, OH, UT."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 8, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $500 an hour (financial planning services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $500 an hour (financial planning services)"
        ],
        "quotes": [
          "We charge $500 per hour for financial planning services with a $2,500 minimum fee for all plans;"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 500.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "We charge $500 per hour for financial planning services with a $2,500 minimum fee for all plans;"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Wells Fargo Clearing Services, LLC",
      "name_as_filed": "WELLS FARGO CLEARING SERVICES, LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/l-and-s-advisors-inc-los-angeles-ca-140923.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 868,
      "fewer_than_5": false,
      "raum": 251994930.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 186,
      "fewer_than_5": false,
      "raum": 683498570.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 3706853.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 13,
      "fewer_than_5": false,
      "raum": 100257467.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 26,
      "fewer_than_5": false,
      "raum": 123597197.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140923",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}