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Livian & Co
Livian & Co was established in New York in 2010 by Michael Livian, a CFA charterholder who chairs the Private Wealth Management Committee of the New York...
Livian & Co
Livian & Co was established in New York in 2010 by Michael Livian, a CFA charterholder who chairs the Private Wealth Management Committee of the New York Society of Security Analysts. The firm operates as a multi-family office serving entrepreneurs, professionals, and families, and it structured its investment affiliate Lehmann Livian Fridson Advisors (LLFA) with CIO Martin Fridson and strategic advisor C. Richard Lehmann to separate portfolio management from wealth planning. The investment platform spans direct co-investments, SPVs, private equity, private credit, hedge funds, real estate, and secondaries, with a geographic emphasis on North America. Core sector tilts include SpaceTech, PropTech, FinTech, Healthcare Services, and Cybersecurity. Identifiable vehicles include the Livian Equity Opportunity Fund, the Livian High Income Opportunity Fund, and Livian Setasi Ventures SPV I LLC. The firm also manages a REIT and MLP portfolio. Its fee-only model is paired with a stated practice of co-investing in the same securities recommended to clients, aligning manager and client economics. The firm operates from a base at 450 7th Avenue in Manhattan and lists additional presence in Miami, San Diego, and San Francisco. Its contact page flags cross-border service capability spanning the United States, Brazil, Germany, Japan, Italy, Israel, Panama, and Thailand. The team includes equity portfolio manager Stephen Mulholland alongside founder Michael Livian. Through its affiliation with LLFA, Livian also draws on deep fixed-income and distressed-debt expertise from Fridson, a widely published high-yield strategist. The firm is an active member of the CFA Institute and NYSSA networks. Livian & Co differentiates structurally by housing both multi-family-office planning and an affiliated institutional-grade investment manager under one roof, with the planning entity collecting fees only from clients and the investment vehicles designed for client co-investment. This configuration aims to strip out brokerage and product-pushing conflicts that typify commission-based wealth management — a posture that makes it resemble a boutique family office more than a conventional RIA aggregator.
General information
Firm type
Multi Family Office
Year founded
2010
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
450 7th Avenue, Suite 801, New York, NY, 10123, United States
Additional offices
Miami · San Diego · San Francisco
Principals
Michael Livian
CEO & Founder
Martin Fridson
CIO, Lehmann Livian Fridson Advisors (LLFA)
Stephen Mulholland
Equity Portfolio Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Livian & Co?
Michael Livian is the founder and CEO, while Stephen Mulholland manages the firm's equity portfolio, strategy, and research. For the affiliated LLFA platform, CIO Martin Fridson leads investment decisions, drawing on decades of high-yield and distressed-debt expertise.
How does Livian & Co structure its investment offerings?
The firm separates wealth advisory from investment management through its affiliate Lehmann Livian Fridson Advisors. Clients access direct co-investments, SPVs (such as Livian Setasi Ventures SPV I), and commingled funds including the Livian Equity Opportunity Fund and Livian High Income Opportunity Fund, alongside a dedicated REIT and MLP portfolio.
Is Livian & Co a single-family office or does it operate more like a wealth manager?
Livian & Co is a multi-family office and SEC-registered investment advisor. Its architecture blends comprehensive financial planning — cash flow, tax optimization, estate and legacy strategies — with an affiliated institutional-grade investment manager, LLFA, making it a hybrid that serves multiple families rather than a single fortune.
Does Livian & Co participate in venture-style or direct deals?
Yes. The firm operates Livian Setasi Ventures SPV I LLC for direct co-investments and SPV-level exposure. Its confirmed investment stages include secondaries and special situations, and it pursues direct co-investments in sectors such as SpaceTech, PropTech, FinTech, and Healthcare Services.
How does Livian & Co manage conflicts of interest?
Livian & Co asserts that it is a fee-only practice and that, whenever possible, it co-invests in the same securities it recommends to clients. This co-investment mandate, paired with the separation of planning and portfolio-management functions under LLFA, is designed to reduce the product-distribution conflicts common in commission-based advisory models.
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