Lcg Associates, Inc.
SEC-registered
Endowment & Foundation Advisor · Mid-sized ($1B–$10B)
CRD 105971
· SEC file 801-17169
· Atlanta, GA
· www.linkedin.com
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ADV data as of Mar 26, 2026
- Regulatory AUM
- $2.6B
- Discretionary
- $2.2B
- Clients
- 108
- Avg AUM / client
- $24.2M
- Accounts
- 56
- Employees
- 58
AUM over time
$12.2M
$2.6B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 0 | $105M | 4.01% |
| Pension and profit sharing plans | 10 | $0 | — |
| Charitable organizations | 55 | $1.7B | 66.7% |
| Corporations and other businesses | 37 | $764M | 29.3% |
| Other | 6 | $0 | — |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Special Operations Warrior Foundation EIN 521183585 | Tampa, FL | 12/31/2024 |
| Jewish Federation Of Greater Philadelphia EIN 231500085 | Philadelphia, PA | 08/31/2024 |
| Texas A&M University Kingsville Foundation Inc EIN 237166534 | Kingsville, TX | 12/31/2023 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Netjets Aviation, Inc. 401(k) Retirement Plan Netjets Aviation, Inc. | 2024 | |
| Netjets Inc. 401(k) Plan Netjets Inc. | 2024 | |
| National Distributing Company, Inc. 401(k) Plan National Distributing Company, Inc. | 2024 | |
| Republic National 401(k) Plan Republic National Distributing Company | 2024 | |
| Acuity Brands, Inc. 401(k) Plan Acuity Brands, Inc. | 2024 | |
| Acuity Brands Lighting, Inc. 401(k) Plan For Hourly Employees Acuity Brands, Inc. | 2024 | |
| Duquesne Light Company 401(k) Retirement Savings Plan For Ibew Represented Employees Duquesne Light Company | 2024 | |
| Duquesne Light Holdings, Inc. 401(k) Retirement Savings Plan Duquesne Light Holdings, Inc. | 2024 | |
| U.S. Associate Savings Plan Mars, Incorporated | 2024 | |
| Mars Deferred Compensation Plan Mars, Incorporated | 2024 | |
| Mars Veterinary Health 401(k) Savings Plan Mars, Incorporated | 2024 |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Freeman, Scott, Michael | Senior V.P. / Director | Sep 1992 (34y) | Less than 5% | |
| Falco, Brian, John | Senior V.P. / Director | Dec 2002 (24y) | Less than 5% | |
| Anthony Morgan Daniel | Senior V.P. / Director | CFA | Jan 2004 (23y) | Less than 5% |
| David Daniel Ritter | Senior V.P. / Director | CFA | Jan 2004 (23y) | Less than 5% |
| Johnson, Edward, Francis | Chairman Of The Board / Director | Jan 2005 (22y) | Less than 5% | |
| Michael Todd Lubin | Senior V.P. / Director | CFA | Oct 2006 (20y) | Less than 5% |
| Stiles, Amber, Nicole | Chief Compliance Officer / Director | Jan 2016 (11y) | Less than 5% | |
| Emerson, David, Robert | Senior V.P. / Director | Dec 2017 (9y) | Less than 5% | |
| Challen, James, Johnston | Chief Executive Officer / Director | Jan 2024 (3y) | Less than 5% | |
| Chotiner, Kathryn, Claire Paradice | President / Director | Jan 2024 (3y) | Less than 5% | |
| Zachary Logan Brumett | Registered representative | CFA | Aug 2022 (4y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lcg Holdings, Inc. | Parent Of Applicant | Sep 1979 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (11)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Netjets Aviation, Inc. 401(k) Retirement Plan | Netjets Aviation, Inc. | 4,042 | $2.5B | 01/01/2024 |
| Netjets Inc. 401(k) Plan | Netjets Inc. | 3,191 | $836M | 01/01/2024 |
| National Distributing Company, Inc. 401(k) Plan | National Distributing Company, Inc. | 749 | $95.9M | 01/01/2024 |
| Republic National 401(k) Plan | Republic National Distributing Company | 11,405 | $1.5B | 01/01/2024 |
| Acuity Brands, Inc. 401(k) Plan | Acuity Brands, Inc. | 2,255 | $521M | 01/01/2024 |
| Acuity Brands Lighting, Inc. 401(k) Plan For Hourly Employees | Acuity Brands, Inc. | 1,385 | $16.7M | 01/01/2024 |
| Duquesne Light Company 401(k) Retirement Savings Plan For Ibew Represented Employees | Duquesne Light Company | 893 | $211M | 01/01/2024 |
| Duquesne Light Holdings, Inc. 401(k) Retirement Savings Plan | Duquesne Light Holdings, Inc. | 934 | $235M | 01/01/2024 |
| U.S. Associate Savings Plan | Mars, Incorporated | 15,668 | $3.4B | 01/01/2024 |
| Mars Deferred Compensation Plan | Mars, Incorporated | 590 | $598M | 01/01/2024 |
| Mars Veterinary Health 401(k) Savings Plan | Mars, Incorporated | 54,702 | $2.6B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (3)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Special Operations Warrior Foundation | Public charity | $257M | 12/31/2024 |
| Jewish Federation Of Greater Philadelphia | Public charity | $476M | 08/31/2024 |
| Texas A&M University Kingsville Foundation Inc | Public charity | $158M | 12/31/2023 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Northern Trust $683M (26% of AUM) Mar 2026
- Charles Schwab & Co. $622M (24% of AUM) Mar 2026
- Bokf, Na $514M (21% of AUM) Mar 2025
- Principal Bank $440M (17% of AUM) Mar 2026
- U.S. Bank $393M (15% of AUM) Mar 2026
- Comerica Bank Trust National Association $253M (10% of AUM) Mar 2025
- BNY Mellon $217M (11% of AUM) Mar 2024
- Wilmington Trust Company $119M (11% of AUM) May 2021
- Wells Fargo $72.0M (13% of AUM) Apr 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗