Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Other
Lumina Financial Consultants, LLC Overview
LUMINA FINANCIAL CONSULTANTS, LLC is a reputable financial advisory firm that offers investment advice services to individuals and small businesses. Since its establishment in 2021, the firm has gained a solid reputation for providing outstanding portfolio management and financial planning solutions to its clients. LUMINA FINANCIAL CONSULTANTS, LLC operates on a fee-only arrangement, which ensures that clients receive unbiased advice and recommendations that prioritize their financial goals and objectives. The firm's headquarters is located in Mill Valley, CA, where a dedicated team of professionals delivers personalized services to its clientele. Apart from portfolio management and financial planning, LUMINA FINANCIAL CONSULTANTS, LLC also offers educational seminars and workshops that aim to empower clients with financial knowledge and strategies. Whether clients seek short-term or long-term financial planning, LUMINA FINANCIAL CONSULTANTS, LLC has the expertise to help them achieve their goals.
LUMINA FINANCIAL CONSULTANTS, LLC is a financial advisory firm catering to a diverse clientele base. Their client base includes individuals seeking financial planning services, high net worth individuals requiring wealth management services, pension or profit sharing plans, and other corporate entities seeking advisory assistance. Their clients come from a wide range of industries, backgrounds, and levels of financial sophistication. LUMINA FINANCIAL CONSULTANTS, LLC brings a customized and personalized approach to meet the unique needs and goals of each of their clients. LUMINA FINANCIAL CONSULTANTS, LLC offers a range of fee structures that clients can choose from depending on the service provided. Clients can opt for a percentage of Assets Under Management (AUM) fee structure, which aligns the interests of the firm with the clients' investment goals. They can also choose to pay hourly, whereby the fee is calculated based on the time spent by the advisor providing the service. Alternatively, fixed fees can be charged for specific services or projects which allow clients to budget for the cost of financial services accurately. Finally, other types of fees may be employed depending on the specific needs and requirements of the client. The fee structure is determined by the service provided, the complexity of the client's financial situation, and the specific circumstances of each client. LUMINA FINANCIAL CONSULTANTS, LLC is committed to providing transparent and competitive fee structures, ensuring clients understand the cost of the services delivered.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for LUMINA FINANCIAL CONSULTANTS, LLC does not mention anything about an investment minimum. Therefore, it is unclear what the firm's investment minimum is for their clients. It is recommended that potential clients contact the firm directly to inquire about their minimum investment amount before proceeding with any investment decisions.
How This Office Can Help Mill Valley, CA Residents
Lumina Financial Consultants, LLC is dedicated to helping clients in Mill Valley, CA improve their financial health by offering personalized financial planning services. With a deep understanding of the local financial landscape, our team is equipped to help clients navigate the unique challenges faced by those living in Mill Valley. For example, many residents of Mill Valley are homeowners with significant investments in real estate. Lumina Financial Consultants can assist with developing investment strategies that take into account the fluctuating housing market, helping clients build wealth while managing risks. Additionally, the Bay Area's high cost of living and competitive job market can make it difficult for some clients to balance budgeting and saving for the future. Lumina's financial planning services are designed to help clients achieve their financial goals, whether that involves saving for retirement, paying off debt, or planning for education expenses.
Services Offered by Lumina Financial Consultants, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Lumina Financial Consultants, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
Disciplinary History
Lumina Financial Consultants, LLC does not have any disclosures. Please visit it's Form ADV for more details.