________________________________________________________________________ Firm Description Lee Investment Management, LLC is a registered investment advisor with the United States Securities and Exchange Commission (“SEC”). Lee Investment Management was founded in 1998 by James W. Lee, its President and sole owner.
Lee Investment Management provides personalized confidential financial planning advice and investment management to individuals, pension and profit sharing plans, trustees, estate representatives, and business owners. Advice is provided through consultation with the client and may include: determination of financial objectives, identification of financial issues, cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, estate planning and planning for long-term care.
Lee Investment Management is strictly a fee-only financial planning and investment management firm. The firm does not sell products, annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products to earn commissions.The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. No finder or referral fees are accepted.
Investment advice is provided to clients as part of the financial planning and investment management service. Lee Investment Management places trades for clients under a limited power of attorney.
An evaluation of each client's initial situation is provided to the client. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur, but are not necessarily communicated to the client unless immediate changes are recommended.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Lee Investment Management refers clients to appropriate subject matter experts when advisable. Conflicts of interest will be disclosed to the client in the unlikely event they should occur.
The initial meeting, which may be in person, by telephone or video conferencing, is free of charge and is considered an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to the client.
Principal Owners James W. Lee is the sole member of Lee Investment Management, LLC.
Types of Advisory Services Lee Investment Management provides investment supervisory services, also known as asset management services, and furnishes investment advice through consultations.
On more than an occasional basis, Lee Investment Management furnishes advice to clients on matters not involving securities, such as financial planning matters, which can encompass retirement planning, tax planning, college education funding, risk management, and estate planning.
As of December 31, 2023, Lee Investment Management managed approximately $ 75,345,543 in assets for approximately 120 clients. All of the assets are managed on a discretionary basis.
________________________________________________________________________ Tailored Relationships The goals and objectives for each client are documented in our physical files and/or electronically in our financial planning and client relationship management systems.Clients may impose restrictions on investing in certain securities or types of securities.
Agreements may not be assigned without client consent.
________________________________________________________________________ Types of Agreements The following agreements define the typical client relationships: ________________________________________________________________________ Financial Planning Service Agreement Under a Financial Planning Service Agreement, a plan is designed to help the client with specific or all aspects of financial planning without ongoing investment management after the financial plan is completed.
The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations.
Detailed investment advice and specific recommendations are provided as part of a financial plan. Implementation of the recommendations is at the discretion of the client.
The fee for a financial plan is predicated upon the facts known at the start of the engagement. The firm charges $250 per hour for financial planning services. It provides an estimate of the time it will take to complete the services. Since financial planning is a discovery

process, situations occur wherein the client is unaware of certain financial exposures or predicaments.
In the event that the client’s situation is substantially different than disclosed at the initial meeting, a revised fee estimate will be provided for mutual agreement.
The client must approve the change of scope in advance of the additional work being performed when a fee increase is necessary. Additional implementation work is billed separately at the rate of $250 per hour.
________________________________________________________________________ Advisory Client Service Agreement Most clients choose to have Lee Investment Management manage their assets in order to obtain ongoing in-depth advice and financial planning under an Advisory Client Service Agreement.All aspects of the client’s financial affairs are reviewed, including those of their children. Realistic and measurable goals are set and objectives to reach those goals are defined. As goals and objectives change over time, suggestions are made and implemented on an ongoing basis.
The scope of work and fee for an Investment Advisory Services Agreement is provided to the client in writing prior to the start of the relationship. An Investment Advisory Service Agreement can include: cash flow management; insurance review, investment management; education planning; retirement planning; estate planning, as well as the implementation of recommendations within each area.
Tax Preparation & Planning: Our services do not include tax planning and tax preparation, unless otherwise agreed to in the client agreement, however, we may refer you to a trusted third-party provider for tax preparation and planning when requested. In these cases, you will sign an information sharing authorization form to enable us to work with tax preparers/planners on your behalf in order for us to effectively facilitate the engagement when needed. We do NOT receive any referral or solicitation fees in exchange for you working with any provider that we recommend.
Asset Management Assets are invested primarily in mutual funds, individual fixed income securities and exchange-traded funds through Charles Schwab and Altruist.Fund companies charge each fund shareholder an investment management fee that is disclosed in the fund prospectus. Charles Schwab and Altruist may charge a transaction fee for the purchase of some funds.
Stocks and bonds may be purchased or sold through Charles Schwab and Altruist.
Charles Schwab and Altruist may charge a fee for stock and bond trades. Lee Investment Management does not receive any compensation, in any form, from fund companies, Charles Schwab or Altruist.
As a general rule, we limit our advisory services to these investments: equities (stocks), exchange traded funds, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities and United States government securities.
Pontera Solutions, Inc: In cases where the Client chooses to have Lee Investment Management advise on assets that are not held at a qualified custodian in which Lee Investment Management has an advisory relationship (See page 10 of this Brochure) referred to as “held-away accounts,” Lee Investment Management is able to provide investment management services of those held-away accounts through a third-party order management system, Pontera Solutions, Inc (“Pontera”). These held-away accounts include 401(k) accounts, 529 plans, variable annuities, and other similar accounts. Access to held-away accounts is achieved by the Client giving permission via a provided link through Pontera for the Advisor to make asset allocation changes via the Client’s online login credentials. These online credentials are never made available to, held or stored by Lee Investment Management. Access is restricted and Advisor will only have permissions to make changes to the allocation of funds or other securities in the account and will not at any time be able to adjust, add to or subtract from investment options, or any other plan policies or fees assessed by the plan or the fund providers, access the financial assets in the account, make deposits, withdrawals or distributions. These assets will be monitored using third party account aggregation software where the account values and holdings are transmitted and viewed from the account aggregation software. These assets are included in calculating the total assets under management when assessing the annual advisory fee.
_______________________________________________________________________ Termination of Agreement A client may terminate any of the aforementioned agreements at any time by notifying Lee Investment Management in writing and paying the prorated fee for the time spent on the investment advisory engagement prior to notification of termination.
Lee Investment Management may terminate any of the aforementioned agreements at any time by notifying the client in writing.