Lemley Yarling Management Co
- Regulatory AUM
- $12.0M
- Discretionary
- $12.0M
- Clients
- 17
- Avg AUM / client
- $706K
- Accounts
- 32
- Employees
- 1
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 13 | $8.0M | 66.7% |
| High net worth individuals | 4 | $4.0M | 33.3% |
People (1)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ralph Jacob Lemley | President/Chief Compliance Officer/Treasurer/Secretary | Mar 1984 (42y) | 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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/21/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE COMPLAINT INVOLVED RALPH J. LEMLEY AND LEMLEY, YARLING & CO., THE APPLICANT'S WHOLLY-OWNED SUBSIDIARY. THE NATIONAL ASSOCIATION OF SECURITIES DEALERS ISSUED A "LETTER OF CAUTION" WITH RESPECT TO THE COMPLAINT WHICH ALLEGED THAT LEMLEY, YARLING & CO. AND TWO OTHER RESPONDENTS EXECUTED CERTAIN CUSTOMER TRANSACTIONS WHICH RESULTED IN PRICES OTHER THAN THE PREVAILING INTER-DEALER PRICE, AND THAT LEMLEY, YARLING & CO., ACTING THROUGH RALPH LEMLEY INTERPOSED A CO-RESPONDENT WHICH WAS NOT A MARKET MAKER IN SUCH TRANSACTIONS. Status: Final Sanction Detail: THE LETTER OF CAUTION ISSUED IN THIS PROCEEDING WAS AGAINST LEMLEY, YARLING & CO. AND RALPH J. LEMLEY AND WAS DEEMED A "MINOR RULE VIOLATION". Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS OF THE COMPLAINT, THE NASD FINDINGS SERVED AS A "LETTER OF CAUTION".
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Commissions
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- RBC $12.0M (100% of AUM) Apr 2026
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: Apr 21, 2026.
View current Form ADV (SEC/IAPD) ↗