Lincoln Financial Securities Corporation (Fort Wayne)

Lincoln Financial Securities Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and retirement plan consulting services provided on limited basis.. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lincoln Financial Securities Corporation: assets under management

The assets under management (AUM) of Lincoln Financial Securities Corporation is $2.82 billion. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $482.15 million in discretionary accounts and $2.34 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $285.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $182.75 thousand.

Lincoln Financial Securities Corporation has custody of $312.51 million in cash and securities for 1,202 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lincoln Financial Securities Corporation for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Charles Carmen Cornelio serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Charles Carmen Cornelio is individuals with 14,218 clients and $2.61 billion of assets under management. Among the 11 most similar advisory firms, Lincoln Financial Securities Corporation has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.82 billion for 14,485 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lincoln Financial Securities Corporation doesn't advise any private funds.

Careers at Lincoln Financial Securities Corporation

The company employs 938 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 490 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Charles Carmen Cornelio has been acting as President since 1 May 1990. Edward Nigel Walters joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers

Based in Fort Wayne

The principal office where Lincoln Financial Securities Corporation performs its advisory services is located at 1300 South Clinton Street, Fort Wayne, IN 46802 The mailing address of the firm is Po Box 2239, Fort Wayne, IN 46801 2239. An additional office of the firm is in Raleigh, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-843-2007 or by fax 800-950-5738. The normal business hours are 8:30 am to 7:00 pm on Monday - Friday. You can find more information about the New York firm at lincolnfinancialnetwork.com.

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