Lebenthal Diversified Asset Management

Alexandra Lebenthal, granddaughter of Lebenthal & Co. co-founder Louis Lebenthal, built her career at the family's municipal bond franchise before leading it through sales to Advest, Merrill Lynch, and ultimately reacquisition. Lebenthal Diversified Asset Management represents her later-stage shift away from the broker-dealer model into an independent asset management practice focused on alternative investments.

The firm allocates across private credit, real estate equity, and select private equity opportunities. Its posture favors income-producing assets, with exposure to multi-family residential, middle-market lending, and direct placement structures. Publicly disclosed holdings are limited, reflecting a private investment mandate without quarterly 13F reporting obligations.

Alexandra Lebenthal serves as CEO and sets the firm's investment direction. The investment committee remains small and centralized, in contrast to the multi-layered approval processes typical of larger asset management platforms.

Yes. The firm serves high-net-worth individuals, family groups, and smaller institutions. It operates as an external asset manager, not a single-family office, though the principals maintain significant personal capital alongside client assets.

Its direct access to private market investments, bypassing the fund-of-funds or broker-sold product layers common in wealth management. The firm functions as a principal-led alternatives allocator rather than a retail distribution platform, a distinction rooted in Alexandra Lebenthal's evolution away from the transactional brokerage model of the original family firm.