{
  "crd_number": 147420,
  "slug": "lantern-wealth-advisors-llc-melville-ny-147420",
  "primary_business_name": "LANTERN WEALTH ADVISORS, LLC",
  "legal_name": "LANTERN WEALTH ADVISORS, LLC",
  "dbas": [],
  "city": "Melville",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-01-15",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-08-18",
  "carried_forward": false,
  "raum_total": 319865217.0,
  "raum_discretionary": 306895063.0,
  "raum_non_discretionary": 12970154.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 26,
  "advisory_employees": 26,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 35898454.0,
      "count": 5
    },
    "individuals": {
      "raum": 34615174.0,
      "count": 115
    },
    "pension_profit_sharing": {
      "raum": 14927172.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 234424417.0,
      "count": 60
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "IL",
    "NJ",
    "NY",
    "PA",
    "TX",
    "UT",
    "VA"
  ],
  "websites": [
    "https://facebook.com/HeroldLantern",
    "https://heroldlantern.com",
    "https://lanternwa.com",
    "https://linkedin.com/company/heroldlantern",
    "https://x.com/HeroldlLantern"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147420",
  "city_as_filed": "MELVILLE",
  "url": "https://advisorcensus.com/firm/lantern-wealth-advisors-llc-melville-ny-147420",
  "display_name": "Lantern Wealth Advisors, LLC",
  "summary": "Lantern Wealth Advisors, LLC is an SEC-registered investment advisory firm in Melville, NY, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 18, 2026.",
  "citation": "AdvisorCensus. Lantern Wealth Advisors, LLC (CRD 147420): 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",
    "Fixed fees (other than subscription fees)"
  ],
  "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",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Lantern Wealth Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Lantern Wealth Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Lantern Wealth Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated August 18, 2026 states: Flat fee: $4,000 (preparation of an initial financial plan); Hourly rate: $300 to $850 an hour (specific consultation and administrative services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Lantern Wealth Advisors, LLC located?",
      "a": "Lantern Wealth Advisors, LLC's principal office is in Melville, NY, according to its Form ADV; the September 2026 filing also lists 5 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Lantern Wealth Advisors, LLC registered with the SEC or a state?",
      "a": "Lantern Wealth Advisors, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 147420."
    },
    {
      "q": "How much does Lantern Wealth Advisors, LLC manage?",
      "a": "Lantern Wealth Advisors, LLC reports $319,865,217 in regulatory assets under management in its Form ADV filing dated August 18, 2026 (96% discretionary)."
    },
    {
      "q": "How have Lantern Wealth Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Lantern Wealth Advisors, LLC: Regulatory assets under management: $151,203,908 in the October 2021 data and $319,865,217 in the October 2026 data, up 112%. Total employees: 13 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Lantern Wealth Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (115); high net worth individuals (60); pension and profit sharing plans (but not the plan participants or government pension plans) (8)."
    },
    {
      "q": "Which custodians does Lantern Wealth Advisors, LLC use?",
      "a": "Lantern Wealth Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Lantern Wealth Advisors, LLC 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/147420"
    },
    {
      "q": "What changed in Lantern Wealth Advisors, LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Added an office in Houston, TX. Added an office in New York, NY. No longer lists an office in New York City, NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 151203908.0,
      "total_employees": 13,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 166171796.0,
      "total_employees": 10,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 174623891.0,
      "total_employees": 14,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 227962725.0,
      "total_employees": 14,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 265466991.0,
      "total_employees": 20,
      "filing_date": "2025-06-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 319865217.0,
      "total_employees": 26,
      "filing_date": "2026-08-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Added an office in Houston, TX.",
        "Added an office in New York, NY.",
        "No longer lists an office in New York City, NY."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in UT."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 26.",
        "Regulatory assets under management went from $265,466,991 to $319,865,217 (+20%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 18, 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": [
      "Flat fee: $4,000 (preparation of an initial financial plan)",
      "Hourly rate: $300 to $850 an hour (specific consultation and administrative services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $4,000 (preparation of an initial financial plan)"
        ],
        "quotes": [
          "Lantern Wealth Advisors charges a fixed fee of $4,000 for preparation of an initial financial plan."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 to $850 an hour (specific consultation and administrative services)"
        ],
        "quotes": [
          "Lantern Wealth Advisors consulting fees will be calculated based on an hourly charge of $300 to $850 per hour for specific consultation and administrative services"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 4000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "preparation of an initial financial plan"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 300.0,
          "max": 850.0,
          "period": "hour",
          "service": "specific consultation and administrative services"
        }
      ]
    },
    "quotes": [
      "Lantern Wealth Advisors charges a fixed fee of $4,000 for preparation of an initial financial plan.",
      "Lantern Wealth Advisors consulting fees will be calculated based on an hourly charge of $300 to $850 per hour for specific consultation and administrative services"
    ],
    "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": "Pershing LLC",
      "name_as_filed": "PERSHING 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/lantern-wealth-advisors-llc-melville-ny-147420.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 115,
      "fewer_than_5": false,
      "raum": 34615174.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 60,
      "fewer_than_5": false,
      "raum": 234424417.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 14927172.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 35898454.0
    }
  ],
  "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/147420",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}