Lyons Den Capital

The firm provides discretionary portfolio management and financial planning services to individuals and high-net-worth clients, with ongoing portfolio monitoring and rebalancing. It also offers consultation services and, on an as-needed basis, may recommend insurance products through the advisor’s insurance license, although insurance activity is minimal.

Lyons Den Capital constructs diversified portfolios using both fundamental and technical analysis, typically implementing exposure through exchange-traded funds across equities, fixed income, real estate, and commodities, and it may employ options-based hedging strategies. The firm discloses that it uses performance-based (incentive) fee arrangements with some clients — a practice that is uncommon among similarly sized independent advisers — and that those arrangements can include unrealized as well as realized gains, a potential source of conflict the firm addresses in its policies.

Distinctive aspects include a small, solo-adviser structure managing a modest asset base for a limited number of clients while nonetheless offering incentive-fee arrangements and more active techniques such as options hedging. The brochure also discloses a recent regulatory resolution in which the firm consented to a final order with the state securities regulator for registration and filing deficiencies, cooperated in the matter, paid a penalty, and was not suspended or barred.