Livian & Co

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.