{
  "crd_number": 146829,
  "slug": "lsia-bloomfield-hills-mi-146829",
  "primary_business_name": "LSIA",
  "legal_name": "LS INVESTMENT ADVISORS, LLC",
  "dbas": [
    "LSIA",
    "LSIA WEALTH",
    "LSIA WEALTH MANAGEMENT"
  ],
  "city": "Bloomfield Hills",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "19820",
  "metro": {
    "cbsa_code": "19820",
    "common_name": "Detroit",
    "msa_name": "Detroit-Warren-Dearborn, MI",
    "path": "/advisors/mi/detroit"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-07-11",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-06-03",
  "carried_forward": false,
  "raum_total": 932114909.0,
  "raum_discretionary": 932114909.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 10,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 78693950.0,
      "count": 8
    },
    "individuals": {
      "raum": 24499771.0,
      "count": 41
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 33138104.0,
      "count": 3,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 17656233.0,
      "count": 2,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 734541645.0,
      "count": 131
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 43585206.0,
      "count": 8
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "LA",
    "MA",
    "MD",
    "MI",
    "NC",
    "NH",
    "NY",
    "TX",
    "WI"
  ],
  "websites": [
    "https://facebook.com/lsiawealth",
    "https://instagram.com/lsiawealth",
    "https://linkedin.com/company/lsiawealth",
    "https://lsinvestmentadvisors.com",
    "https://my-lsia.com",
    "https://mylsiainstitutional.com",
    "https://mylsiawealth.com",
    "https://thelsiaway.com",
    "https://yourlsia.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/146829",
  "city_as_filed": "BLOOMFIELD HILLS",
  "url": "https://advisorcensus.com/firm/lsia-bloomfield-hills-mi-146829",
  "display_name": "Lsia",
  "summary": "Lsia is an SEC-registered investment advisory firm in Bloomfield Hills, MI, registered since 2008, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 3, 2026.",
  "citation": "AdvisorCensus. Lsia (CRD 146829): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "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 Lsia compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Lsia reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Lsia charge?",
      "a": "Its Form ADV Part 2A brochure dated June 3, 2026 states: Up to $2,000,000: 0.95% a year; $2,000,000 to $5,000,000: 0.8% a year; $5,000,000 to $10,000,000: 0.6% a year; Above $10,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Lsia located?",
      "a": "Lsia's principal office is in Bloomfield Hills, MI, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Lsia registered with the SEC or a state?",
      "a": "Lsia is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 146829."
    },
    {
      "q": "How much does Lsia manage?",
      "a": "Lsia reports $932,114,909 in regulatory assets under management in its Form ADV filing dated June 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Lsia's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Lsia: Regulatory assets under management: $1,015,590,933 in the October 2021 data and $932,114,909 in the October 2026 data, down 8%. Total employees: 11 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Lsia serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (131); individuals (other than high net worth individuals) (41); charitable organizations (8)."
    },
    {
      "q": "Which custodians does Lsia use?",
      "a": "Lsia's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Lsia 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/146829"
    },
    {
      "q": "Does Lsia state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated June 3, 2026 says: \"LSIA does not have a minimum account size. Instead, all accounts are subject to a minimum fee, as described above under Item 5. Fees and Compensation.\""
    },
    {
      "q": "What changed in Lsia's recent Form ADV filings?",
      "a": "In the March 2026 filing data: No longer lists the business name Lsia Wealth & Institutional. No longer lists the business name Lsia Institutional. Added the business name Lsia Wealth Management."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1015590933.0,
      "total_employees": 11,
      "filing_date": "2021-05-07"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 912858853.0,
      "total_employees": 10,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 735613415.0,
      "total_employees": 12,
      "filing_date": "2023-09-12"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 803267448.0,
      "total_employees": 12,
      "filing_date": "2024-08-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 916009663.0,
      "total_employees": 10,
      "filing_date": "2025-04-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 932114909.0,
      "total_employees": 10,
      "filing_date": "2026-06-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "No longer lists the business name Lsia Wealth & Institutional.",
        "No longer lists the business name Lsia Institutional.",
        "Added the business name Lsia Wealth Management."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 3, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $2,000,000",
        "rate": "0.95%"
      },
      {
        "band": "$2,000,000 to $5,000,000",
        "rate": "0.8%"
      },
      {
        "band": "$5,000,000 to $10,000,000",
        "rate": "0.6%"
      },
      {
        "band": "Above $10,000,000",
        "rate": "0.5%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$10,000",
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $2,000,000: 0.95% a year",
          "$2,000,000 to $5,000,000: 0.8% a year",
          "$5,000,000 to $10,000,000: 0.6% a year",
          "Above $10,000,000: 0.5% a year"
        ],
        "quotes": [
          "Effective March 31, 2022, our standard advisory fee schedule is as follows: ANNUAL FEE ASSETS UNDER MANAGEMENT 0.95% On the first $2 million 0.80% On the next $3 million 0.60% On the next $5 million 0.50% On value over $10 million"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "LSIA does not have a minimum account size. Instead, all accounts are subject to a minimum fee, as described above under Item 5. Fees and Compensation."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $10,000"
        ],
        "quotes": [
          "The minimum annual fee is $10,000."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 2000000.0,
          "rate_pct": 0.95
        },
        {
          "min": 2000000.0,
          "max": 5000000.0,
          "rate_pct": 0.8
        },
        {
          "min": 5000000.0,
          "max": 10000000.0,
          "rate_pct": 0.6
        },
        {
          "min": 10000000.0,
          "max": null,
          "rate_pct": 0.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": 10000.0,
      "planning": []
    },
    "quotes": [
      "Effective March 31, 2022, our standard advisory fee schedule is as follows: ANNUAL FEE ASSETS UNDER MANAGEMENT 0.95% On the first $2 million 0.80% On the next $3 million 0.60% On the next $5 million 0.50% On value over $10 million",
      "LSIA does not have a minimum account size. Instead, all accounts are subject to a minimum fee, as described above under Item 5. Fees and Compensation.",
      "The minimum annual fee is $10,000."
    ],
    "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
    }
  ],
  "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/lsia-bloomfield-hills-mi-146829.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 41,
      "fewer_than_5": false,
      "raum": 24499771.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 131,
      "fewer_than_5": false,
      "raum": 734541645.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 17656233.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 8,
      "fewer_than_5": false,
      "raum": 78693950.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 3,
      "fewer_than_5": true,
      "raum": 33138104.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 8,
      "fewer_than_5": false,
      "raum": 43585206.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/146829",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}