Dallas, TX N. Central Expressway Office

LFS RIA, LLC is an independent, single-advisor Registered Investment Adviser that provides wealth and income planning, financial planning, and portfolio management to individuals, families, pension and profit-sharing plans, trusts, estates, and small businesses. The firm also offers financial consulting and implementation services and makes available insurance and certain banking products through its representative licensing.

The firm emphasizes designing long-term income streams using a blend of low-risk, moderate-risk and growth-oriented investments and constructs portfolios with an asset-allocation approach informed by efficient-frontier principles. Portfolios may include mutual funds, ETFs, individual securities, fixed annuities and illiquid non-standard/alternative investments, and the firm utilizes custodial and managed-account platforms such as Charles Schwab, AssetMark and Schwab Managed Account Select.

Noteworthy features include the integration of commissionable insurance and banking offerings into client planning, regular use of non-standard/alternative investments (including the opportunity to purchase advisory shares or discounted interests), and participation in AssetMark marketing arrangements that can create additional compensation sources beyond asset-based fees. The firm is small in scale—serving a few dozen client households—and discloses a 2019 reprimand by the Texas State Securities Board with restitution related to sales of pension income streams deemed to be unregistered securities.