Beginning in the 1920s, through the Great Depression, the tech boom and bubble, today’s difficult economic landscape, and whatever lies ahead, we remain unwavering in our capabilities, commitment, and innovation to provide realistic and sound financial advice. The same values instilled by my grandparents Louis and Sayra Lebenthal (at left). – Alexandra Lebenthal
The Legendary Days of the Lebenthal Bond Business
Louis and Sayra established the original bond business, Lebenthal & Company, in 1925, as an odd-lot firm focused on individual investors. At that time, the municipal bond market largely existed for high-net-worth investors and institutions. The company saw an opportunity to sell pieces left over from estate settlements and bank purchases to individual investors. During the New York City crisis of the 1970s, the firm’s brand was established when Alexandra’s father, Jim Lebenthal, publicized the value of “tax-free munis”, making municipal bonds a household word and the Lebenthal brand a landmark in New York City.
Today, the third generation of the family brings fresh perspective to managing wealth. With dynamic energy, smart decisions and the same careful responsibility and insights Louis and Sayra Lebenthal brought to the original firm, Alexandra & James holds the belief that money should make you happy.
The Next Generation: Alexandra & James Lebenthal
Today Alexandra & James provides personal wealth management, asset allocation, and portfolio construction services. The firm bases each client’s asset portfolio and manager selection on a detailed lifestyle analysis and risk management assessment. It now supports clients fully through all their financial situations – from daily responsibilities to unforeseen transitions – so they can spend their time living their lives.
Life Managed.
Wealth Maintained.
Timeline
1925
Lebenthal & Co. founded by husband and wife Louis and Sayra Lebenthal.
1987
Michelle Smith joins her mother, Corinne Smith, at Merrill Lynch.
1995
At 31, Alexandra Lebenthal becomes the third generation Lebenthal elected president.
2006
Alexandra Lebenthal with father, Jim Lebenthal, co-found Alexandra & James LLC to provide advisory services, wealth management, and family office management to the well-off but poorly served “lost affluent.”
2006
Michelle Smith and Corinne Smith join Alexandra Lebenthal and bolster the range and depth of specialized services.
2007
Lebenthal Asset Management is created when Greg Serbe rejoins the firm to manage municipal portfolios and James B. “Jimmy” Lebenthal joins as chief investment officer and portfolio manager.
2009
Lebenthal & Co. LLC is certified as a Woman-Owned Business Enterprise by the Women’s Business Enterprise National Council, New York State, and several other accrediting states and organizations.