Lussenheide Capital Management, Inc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The firm provides discretionary investment supervisory services primarily to individual clients and also offers advice to investment companies, pension and profit‑sharing plans, trusts, estates, charitable organizations and business entities. It issues an internet newsletter, the Investment Warrior Report, and makes its investment programs available through variable annuity products.
LCM employs proprietary, mechanical trend‑following market‑timing systems described in the brochure as based on historical, empirical and mathematical signals to drive asset allocation and trade no‑load mutual funds across U.S. equities and bond markets as well as selected international markets. Its programs span conservative all‑bond allocations to an aggressive strategy that applies the trend‑following model to a leveraged Nasdaq‑100 mutual fund and may use margin to amplify returns.
Noteworthy attributes for a firm of this size include the explicit use of market timing and the publication of an online periodical—practices that are less common among peers. The brochure also indicates the firm is run by two advisor‑owners managing roughly $44 million for about 60 clients and lists individuals as the primary client type without an explicit focus on high‑net‑worth households.
Client services
Expertise
Fee options
$0 - $300,000: 1.80% (USDP & GDP), 2.00% (Aggressive Strategies) $300,001 - $600,000: 1.35% (USDP & GDP), 2.00% (Aggressive Strategies) $600,000 - $1,200,000: 0.90% (USDP & GDP), 1.50% (Aggressive Strategies) $1,200,001+: 0.90% (USDP & GDP), 1.00% (Aggressive Strategies)
Account minimum: $25,000
Main office
Florence MT
Advisors at this office
2
Most active in
California · Montana
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:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
William L
Series 65
Florence, MT
Lussenheide Capital Management, Inc
William Lussenheide is a financial advisor with Lussenheide Capital Management, Inc. in Florence, MT, holding a Series 65 designation and possessing 23 years of industry experience. He has been with Lussenheide Capital Management since 2003. Lussenheide Capital Management provides discretionary investment supervisory services primarily to individual clients, as well as to investment companies, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm employs proprietary, mechanical trend-following market-timing systems to manage asset allocation across U.S. and selected international markets and publishes an internet newsletter called the Investment Warrior Report.
David L
Series 65
Florence, MT
Lussenheide Capital Management, Inc
David Liesenfelt is a Series 65 credentialed advisor with 23 years of industry experience, affiliated with Lussenheide Capital Management, Inc. He is also president of Fresh Concepts, Inc., a consulting firm he has led since 1988. Based in Florence, MT, he works alongside one other advisor at his firm. Lussenheide Capital Management provides discretionary investment supervisory services primarily to individual clients, as well as to various institutional and nonprofit entities. The firm employs proprietary mechanical trend-following market-timing systems to manage asset allocation and trade mutual funds across U.S. and selected international markets, and it publishes an internet newsletter called the Investment Warrior Report.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. (“Warmer”)