Lehman Financial Resources

The firm operates primarily on a fee-only basis, charging clients a percentage of assets under management. This structure removes compensation tied to brokerage commissions or proprietary product sales. According to its regulatory filings, advisory fees are typically billed quarterly in advance or arrears, depending on the client agreement.

Lehman Financial Resources serves individuals, trusts, estates, and retirement plan sponsors. The firm's client base centers on the greater Philadelphia region, though it can serve clients in multiple states where it maintains notice filings. The practice does not target institutional separate accounts of the scale sought by large pension consultants.

No. The firm does not sponsor mutual funds, hedge funds, or private equity limited partnerships. Client portfolios are built as individual separate accounts using third-party funds and individual securities. An allocator looking for proprietary alternative investment products would not find them here.

Investment decisions reside with the firm's principal or principals, who hold investment adviser representative designations. The firm does not publish a formal investment committee structure in public filings. For compliance purposes, all client-facing professionals are registered with the appropriate state securities regulator or the SEC.

The firm uses a combination of fundamental analysis and modern portfolio theory to construct client portfolios. Its public disclosure documents state it screens mutual funds and ETFs on performance history, expense ratios, manager tenure, and style consistency. For individual securities, the process evaluates financial statements and market conditions against each client's specific investment policy statement.