Lutz Financial
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Overview
Lutz Financial operates as a financial advisor firm based in Omaha, Nebraska. The firm handles $1.7 billion in total assets across 2,004 client accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). It has a small team, including 10 financial advisors. Lutz Financial is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like options, bonds and stocks.
Lutz Financial oversees most of the company's accounts in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make transaction choices without requiring the customer's consent. It also has 144 non-discretionary accounts with a total of $172.8 million in assets under management. The firm's typical account size is $864,013. An average advisor at Lutz Financial administers about 200 client accounts.
The company's headquarters is at 13616 California Street, Omaha, Nebraska 68154-5336. It is legally permitted to provide services to customers across a number of states, including Arizona, California, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Hampshire and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lutz Financial by the Numbers
$1.7 billion
17
2,004
$864.0 thousand
Products and Services
Lutz Financial provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and pension consulting services. In the last financial year, the company provided financial planning services to 251-500 of its customers. It does not sell products or offer services other than investment advisory services to its investment advisory accounts. The firm is also affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on which services the firm provides the client. However, fees charged by Lutz Financial can be comprised of some combination of the following fee structures: 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
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Lutz Financial caters to retail investors, high net worth investors and pension plans. Out of its 2,004 customers, Lutz Financial's largest client type is retail investors, but it also manages money for 277 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 37.43%
- Other Individuals - 44.32%
- Corporations - 18.24%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Lutz Financial does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Lutz Financial
Omaha, NE
Omaha, NE
Omaha, NE
Omaha, NE
Omaha, NE
Omaha, NE
Omaha, NE
Omaha, NE
Omaha, NE
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