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Lee Financial Associates, Inc.

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Client assets under management

$0

Clients

39

0% high-net-worth

Advisors

2

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

More info

Clients per advisor

20

Low

Average account size

$0

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

Financial planning Selection of other advisers

Expertise

General tax planning General estate planning guidance College savings (529s, UTMA, etc.) Cash flow / budgeting

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Fee options

Fixed

Fixed fee for financial planning services ranging from $500 to $1,500

Percentage

$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

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.

Project-based

$300 per hour for financial planning services

Other

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 location

Lee Financial Associates, Inc.

5018 Dorsey Hall Drive, Suite 204

Ellicott City MD 21042, United States

Number of offices

1

Most active in

More info

Maryland

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Facebook Website 410-964-3000

Advisors at this firm

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user avatar

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 licenses and with 20 years of industry experience. He has been affiliated with Osaic Wealth, Inc. and Lee Financial Associates, LLC for over two decades. In addition to his advisory role, he serves as president of Lee Financial Associates, Inc., where he is also licensed 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, rather than providing routine discretionary portfolio management internally.

General tax planning General estate planning guidance College savings (529s, UTMA, etc.) Cash flow / budgeting
user avatar

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.

General tax planning General estate planning guidance College savings (529s, UTMA, etc.) Cash flow / budgeting
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