Lumina Wealth Management, LLC is a large advisory firm based in Wilmington. It manages $121.97 million of regulatory assets for 399 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of North Carolina and Texas.
Lumina Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and outsourced cio services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lumina Wealth Management, LLC is $121.97 million. The firm's AUM has gone down by -3% since the beginning of its operation, and $9.38 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Lumina Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Lumina Wealth Management is high net worth individuals with 24 clients and $55.04 million of assets under management. Among the 8 most similar advisory firms, Lumina Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $106.37 million for 134 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Lumina Wealth Management doesn't advise any private funds.
The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Lumina Wealth Management, LLC performs its advisory services is located at 1508 Military Cutoff Road, Wilmington, NC 28403, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 910-599-9409. The normal business hours are 9:00 a.m. - 5:00 p.m. m-th / 9:00 a.m - 4:00 p.m. fr on Monday - Friday.