# Lehrer Financial & Economic Advisory Services

> Lehrer Financial & Economic Advisory Services is an SEC-registered investment advisory firm in Houston, TX, registered since 1985, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 25, 2026.

- CRD: 105835
- Filed as: LEHRER FINANCIAL & ECONOMIC ADVISORY SERVICES
- Legal name: Lehrer Kenneth Eugene DR
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: February 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105835
- AdvisorCensus page: https://advisorcensus.com/firm/lehrer-financial-and-economic-advisory-services-houston-tx-105835

## Quick answers

**How is Lehrer Financial & Economic Advisory Services compensated?**
On its Form ADV (Item 5.E, October 2026), Lehrer Financial & Economic Advisory Services reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees).

**How much does Lehrer Financial & Economic Advisory Services charge?**
Its Form ADV Part 2A brochure dated February 25, 2026 states: Flat fee: $3,000 (financial planning or consulting); Hourly rate: $200 to $500 an hour (financial planning and consulting). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Lehrer Financial & Economic Advisory Services located?**
Lehrer Financial & Economic Advisory Services' principal office is in Houston, TX, according to its Form ADV; the March 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Lehrer Financial & Economic Advisory Services registered with the SEC or a state?**
Lehrer Financial & Economic Advisory Services is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 105835.

**How much does Lehrer Financial & Economic Advisory Services manage?**
Lehrer Financial & Economic Advisory Services reports $286,300,000 in regulatory assets under management in its Form ADV filing dated February 25, 2026 (0% discretionary).

**How have Lehrer Financial & Economic Advisory Services' assets and staff changed since 2021?**
In the Form ADV data for Lehrer Financial & Economic Advisory Services: Regulatory assets under management: $260,000,000 in the October 2021 data and $286,300,000 in the October 2026 data, up 10%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lehrer Financial & Economic Advisory Services serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (9).

**Does Lehrer Financial & Economic Advisory Services report any disciplinary disclosures?**
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/105835

## From the Form ADV filing

### Compensation (Item 5.E)
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 25, 2026)

- Minimum annual fee: $3,000

> The specific manner in which fees are charged is established in theclient’s written agreement with LFEAS. All fees are subject to negotiation however, a minimum annual fee of $3,000 may be imposed for services.

- Flat fee: $3,000 (financial planning or consulting)

> As a fixed fee, typically a minimum of $3,000 depending on the nature and complexity of each client's circumstances.

- Hourly rate: $200 to $500 an hour (financial planning and consulting)

> On an hourly basis, ranging from $200 - $500 per hour, depending on the nature and complexity of each client's circumstances.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $286,300,000
- Discretionary: $0
- Non-discretionary: $286,300,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9 | $286,300,000 |

### Advisory services (Item 5.G)
- Pension consulting services

### Firm details
- Registered since: 1985 (40 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the March 2026 filing
- Houston, TX

### Websites listed on Form ADV (Item 1.I)
- [lehecoserv.com](https://lehecoserv.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $260,000,000 | 1 | March 22, 2021 |
| October 2022 | $240,000,000 | 1 | March 17, 2022 |
| October 2023 | $232,000,000 | 1 | March 7, 2023 |
| October 2024 | $231,000,000 | 1 | March 18, 2024 |
| October 2025 | $301,800,000 | 1 | February 20, 2025 |
| October 2026 | $286,300,000 | 1 | February 25, 2026 |

Regulatory assets under management: $260,000,000 in the October 2021 data and $286,300,000 in the October 2026 data, up 10%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lehrer Financial & Economic Advisory Services (CRD 105835): Form ADV filing data as of October 2026.