Lehrer Financial & Economic Advisory Services (“LFEAS”) is a fee-only, charged on an
hourly or specific fee project basis, financial, valuation and economic advisory firm. The firm
was founded in 1982 and has operated since that time in Houston, Harris County, Texas. The
principal owner, Managing Director, and Chief Compliance Officer is Dr. Kenneth Eugene
Lehrer.
LFEAS specializes in many areas of financial and economic advisory services, including -
Institutional Real Estate, Economics, Finance, Damage and Medical Analyses, Banking,
Business, ESOP and Non Public Business, Medical and Intellectual Property Valuations and
Corporate Finance. The company both prepares institutional economic / finance reports,
feasibility analysis, corporate business plans and provides litigation support in the areas of -
economics, real estate, banking, valuations, class actions and finance.
Advisory services may involve advice on income, cash flow management, retirement, business
valuations, estate planning, investments, tax saving strategies, and risk management. Investment
advisory consultations can be general in nature or focus on particular areas of interest, depending
on the client’s needs. Advice and/or recommendations will be based upon information provided
by the client, which the advisor will deem to be reliable. Advice and/or services may be limited
in scope.
The advice given may include the recommendation of annual reviews/updates and it is the
Client's responsibility to initiate additional services as may be needed.
LFEAS does NOT have any client assets under management, does NOT have trading authority
over any client funds and does NOT hold any client funds under their control or administration.
The LFEAS financial and economic advisory program includes the following:
Institutional Real Estate Consulting: Dr. Lehrer, the firm’s Managing Director holds a
Doctorate in Urban Economics (1980) from New York University ("NYU") and taught Real
Estate Finance at the University of Houston, Graduate School of Business Administration from
the late 1980's to 2002). Dr. Lehrer utilizes his significant education and well as his prior career
background in institutional real estate to supply institutional real estate reports, analysis and
studies to pension funds and other tax
exempt organizations in regard to their real estate
investments, alternatives and strategies.
Pension Consultant: LFEAS provides advice to Plan Sponsors with respect to the design,
implementation and maintenance of pension and profit sharing plans.
Business Valuations - Business / Public and Non Public Company / ESOP: Reports are prepared
on a flat fee basis depending upon the size / nature of the organization being valued. For a solo
medical practice the flat fee is $5,000 and for a group of physicians the fee is negotiated. Other
valuation reports range from ($15,000 - $35,000) and are structured for the business owners to
utilize for loans, estate or gift tax purposes or corporate planning. The fee includes five (5)
original copies of the report.
Feasibility Studies and Fairness Opinions – Studies center around the question if a merger /
acquisition and / or project is both equitable to all parties and will be absorbed into the ongoing
overall business community. In addition, the analysis examines if the new or proposed project
will yield a positive cash flow to its owners. These reports are almost always prepared on a flat
fee basis and are structured for the business owner to use the report's output with a financial
institution to obtain the necessary financing for their proposed project. The fee includes multiple
originals in order for the client / developer to work with several financial institutions at the same
time.
Litigation Support – Studies here are prepared for Attorneys and Law Firms on an hourly basis,
and range from small personal injury reports ($2,500) to larger and more complex “Daubert”
studies that are usually associated with significant business and institutional corporate litigation
wherein the fees charged can range into tens of thousands of dollars, based upon a business
litigation rate of $300, per hour. The fee includes multiple originals to the Law Firm.
Business Plan Presentations – Reports are usually prepared on a flat fee basis and are structured
for the business owner to obtain the necessary financing they are seeking in order to either
launch their company and/or enable it to grow. The fee includes fifteen (15) original copies in
order for the company to spread their word to a significant number of people at the same time.