Lee Financial Associates, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Lee Financial Associates serves individuals and families, as well as pension/profit‑sharing plans and business entities, through a two‑advisor team supporting roughly 39 client relationships. The firm focuses on written financial planning (offered on a fixed- or hourly‑fee basis) and on arranging investment management by selecting and monitoring third‑party money managers rather than providing routine discretionary portfolio management internally.
In practice Lee Financial typically recommends third‑party advisory programs (currently using SEI model portfolios) and performs due diligence and ongoing monitoring of those managers while clients maintain custody with the third‑party custodians. Implementation frequently occurs through the advisors’ affiliation with a broker‑dealer, so recommendations often lead to execution, reporting, and custodial relationships arranged by those third parties rather than by Lee Financial directly.
Noteworthy characteristics for a firm of this size include a limited in‑house portfolio management footprint—asset allocation and portfolio monitoring are maintained only for a small number of legacy, non‑discretionary accounts and are not available to new clients—and a heavy reliance on outside managers for investment decision‑making. Advisors are dually registered with a broker‑dealer, which creates additional execution and compensation channels (including commission and trail arrangements) that the firm discloses and that are subject to broker‑dealer supervision.
Client services
Expertise
Fee options
Fixed fee for financial planning services ranging from $500 to $1,500
$1.00 - $1,000,000: 1.50% $1,000,001 - $1,500,000: 1.25% $1,500,001 - $2,000,000: 1.00% $2,000,001 - $2,500,000: 0.75% $2,500,001 - $3,000,000: 0.50% $3,000,001 - $4,000,000: 0.25% $4,000,001 - $4,500,000: 0.20% $4,500,001 - $5,000,000: 0.15%
Commissions on securities and insurance products when implemented through Osaic Wealth; trail commissions (12b-1 fees) also received but credited back to client in fee-based accounts.
$300 per hour for financial planning services
Account minimum: $100,000 (generally required by SEI Investments Management Corporation, the third-party manager) Fee-only: Fixed fee: $500 to $1,500 payable upon completion; Hourly fee: $300 per hour payable upon completion
Main office
5018 Dorsey Hall Drive, Suite 204
Ellicott City MD 21042
Advisors at this office
2
Most active in
Maryland
Also doing business as
Lee Financial Associates, Inc. · Lee Financial Associates, 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.
Forms ADV
Quick links
Advisors at this firm
James L
Series 63, Series 65
Ellicott City, MD
Lee Financial Associates, Inc.
James Lee is a financial advisor with Lee Financial Associates, Inc. in Ellicott City, MD, holding Series 63 and Series 65 credentials and having 21 years of industry experience. He has worked at OSAIC and Lee Financial Associates, LLC since 2004 and 2005 respectively. In addition to his advisory role, he serves as president of Lee Financial Associates, Inc., where he also acts as an insurance agent. Lee Financial Associates serves individuals, families, pension and profit-sharing plans, and business entities through a two-advisor team supporting about 39 client relationships. The firm emphasizes written financial planning and arranges investment management by selecting and monitoring third-party money managers, primarily using SEI model portfolios while clients retain custody with those third parties.
Brian S
Series 66
Ellicott City, MD
Lee Financial Associates, Inc.
Brian Smoot is a financial advisor at OSAIC with nine years of industry experience. He holds a Series 66 designation and has been with OSAIC and Lee Financial Associates since 2016. Outside of advisory work, he is also licensed as an insurance agent, providing clients with insurance solutions related to death benefit and disability needs. OSAIC Wealth, Inc. is an SEC-registered investment adviser and FINRA member broker-dealer serving a diverse client base including individual investors, pension and profit-sharing plans, corporations, and charitable organizations. The firm offers a range of advisory and brokerage services supported by proprietary technology and access to multiple custodial platforms.
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