Lancaster
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Lancaster Labs, LLC provides discretionary investment management focused on municipal and other fixed‑income instruments, delivered both as a primary advisor through separately managed accounts and as a sub‑advisor to wealth management platforms and wrap program sponsors. The firm states it serves individual and high‑net‑worth clients as well as institutional accounts, including pension plans, and manages accounts on a discretionary basis.
The firm’s investment approach is systematic and quantitative, using proprietary technology that combines artificial intelligence, quantitative analytics, algorithmic execution, and portfolio construction to provide market liquidity and pursue intermediate‑term, tax‑exempt income with active trading. Lancaster discloses that strategies are trading‑oriented with potentially high turnover, that it may offer performance‑based fees to qualified clients, and that it applies formal trade‑aggregation, allocation, and side‑by‑side management procedures.
Noteworthy aspects of Lancaster include its recent formation as a subsidiary leveraging its parent company’s software, a small advisory team and no reported assets under management as of December 31, 2025, which is atypical for firms pursuing institutional and wrap relationships. The brochure also highlights operational features that may affect clients differently than peers: municipal trades are executed in the OTC market (often on a trade‑away/prime brokerage basis), the firm relies on third‑party data and trading vendors and discloses certain ownership and outside business relationships of executives that the firm says it monitors and manages for conflicts.
Client services
Expertise
Fee options
0.30% annually plus performance fees for qualified clients
Commissions may be earned by an executive of Lancaster in outside business activities, but not by Lancaster itself.
Performance-based fees charged to qualified clients with terms set individually, including rates, hurdle, measurement period, and high-water mark.
Account minimum: $250,000
Main office
See officeNew York NY
Advisors at this office
2
Most active in
Florida · New Jersey · New York · Texas
Also doing business as
Lancaster · Lancaster Labs, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Ron B
Series 65, Series 66
New York, NY
Lancaster
Ron Bezoza is a financial advisor at Lancaster with 21 years of industry experience. He holds Series 65 and Series 66 licenses and has worked at firms including Goldman Sachs, Morgan Stanley Distribution, and Credit Suisse Securities. He is also involved with March Capital Corp. as a registered representative, focusing on advisor and capital raising activities. Lancaster Labs, LLC provides discretionary investment management specializing in municipal and fixed-income instruments, serving individual, high-net-worth, and institutional clients. The firm uses a systematic and quantitative approach that incorporates artificial intelligence and algorithmic execution to deliver market liquidity and pursue tax-exempt income through active trading.
Natalie M
Series 66
New York, NY
Lancaster
Natalie Munn is a financial advisor at Lancaster with a Series 66 designation and three years of industry experience. Her prior work includes roles at Hightower Advisors and Northwest Bank, as well as earlier positions at the University of Pittsburgh and Callahan Ice Arena. Lancaster Labs, LLC provides discretionary investment management focused on municipal and other fixed-income instruments, serving individual, high-net-worth, and institutional clients. The firm uses a systematic, quantitative approach combining artificial intelligence and algorithmic execution to pursue tax-exempt income with active trading.
James P
Series 63, Series 65
Madison, NJ
Lancaster
James Perrello is a financial advisor with Lancaster and holds the Series 63 and Series 65 designations. He has no prior industry experience and has been associated with several entities related to Lancaster since 2022. Lancaster Labs, LLC provides discretionary investment management focused on municipal and other fixed-income instruments, serving individual, high-net-worth, and institutional clients. The firm uses a systematic, quantitative investment approach that incorporates artificial intelligence and algorithmic execution to pursue intermediate-term, tax-exempt income with active trading.
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