Lumida Wealth Management LLC
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Overview
Lumida Wealth Management LLC operates as a financial advisory firm that has its headquarters in New York, New York. The company controls $99.7 million in assets under management over four customer accounts. The company has a small team, including 3 financial advisors. Lumida Wealth Management LLC is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as stocks, options and bonds.
Lumida Wealth Management LLC manages most of the firm's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell decisions for the client's account are made by a portfolio manager without needing to seek client permission. Lumida Wealth Management LLC also oversees one non-discretionary accounts with a total of $98.6 million in assets. The advisory firm's average account size is $24.9 million. The average financial advisor at Lumida Wealth Management LLC administers around one client account, placing it among the most personalized firms in the country.
The company's headquarters is at 25 W 39Th Street Suite 700, New York, New York 10018. The firm is legally registered to provide services to investors across a few states, including Florida and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lumida Wealth Management LLC by the Numbers
$99.7 million
3
4
$24.9 million
Fee Structure
A financial advisor's fees usually are based on which services the firm provides the client. Fee types billed by Lumida Wealth Management LLC likely include any combination of the following fee types: asset-based or performance-based. Lumida Wealth Management LLC does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles. Out of its four customers, Lumida Wealth Management LLC's biggest client by number of accounts is pooled investment vehicles. None of its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Lumida Wealth Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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