Lumina Wealth Management, LLC (Wilmington)

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.

Lumina Wealth Management: assets under management

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 firm manages $117.27 million in discretionary accounts and $4.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $296.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.57 million.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in derivatives form 8% of the total invested assets.

Fees & Commissions

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lumina Wealth Management serves?

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.

Careers at Lumina Wealth Management, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William George Anlyan	Managing member, chief compliance officer	1 Nov 2017	50% - 75%	2774334
Ashley Fuquay Doyle	Member	1 Nov 2017	25% - 50%	4191484
Meredith Howell Koenig	Member	1 Nov 2017	25% - 50%	5346851

Based in Wilmington

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.