Lumina Wealth Management offers financial planning, investment management, general consulting, and outsourced Chief Investment Officer (CIO) services. Financial planning includes cash flow, education, and retirement planning to determine the right asset allocation. Lumina manages investment portfolios on a discretionary or non-discretionary basis. They may also use Separate Account Managers (SAMs) through a Third Party Wrap Program.
Fee Structure
Lumina Wealth Management charges a percentage of your portfolio each year for investment management. The exact percentage is negotiable, but it will not be higher than 1.25%. The minimum portfolio value is generally $50,000, and the minimum annual fee is $1,500. Fees are usually paid quarterly, in advance, based on the value of your account at the end of the previous quarter.