Overview
Firm and Principal Owners
L.C. Bhandari & Co. (“LCBC” or the “Advisor”) is a privately held corporation with one
office in New Jersey. LCBC has been providing investment advice since its formation in
1998. Principal owners of LCBC, including beneficial owners, are Laxmi C. Bhandari
and Basanti Bhandari.
Advisory Services
LCBC provides global asset allocation service for institutional clients. Portfolio assets
are allocated among mutual funds or comparable instruments representing various market
segments, such as US stocks and bonds, Non-US stocks and bonds, money market, real
estate and natural resources. The available investment options may include hedge funds
at the client’s direction. LCBC does not allocate to individual stocks or bonds. LCBC
specializes in
providing this allocation service within variable life insurance policies.
The allocation is then restricted to funds/portfolios made available by the insurance
company for the specific policy under consideration.
LCBC’s portfolio allocation decisions are driven by each client’s needs. LCBC will
allocate funds based on investment objectives set by the client, and only to the set of
alternatives determined by the client. The client sets the benchmark allocation to various
market segments and can set minimum and/or maximum limits on allocation to any
particular market segment or a group of market segments.
Assets under Management
As of March 31, 2024, LCBC managed the following amounts:
Discretionary $285,400,000
Non-Discretionary $0
Total $285,400,000