Lutz Financial Services, LLC (Omaha)

Name: Lutz Financial Services, LLC
Address: 13616 California Street, Omaha, NE, 68154 5336
Telephone: 402-827-2300

Lutz Financial Services, LLC is a large advisory firm based in Omaha. It manages $963.42 million of regulatory assets for 1,576 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Lutz Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lutz Financial Services: assets under management

The assets under management (AUM) of Lutz Financial Services, LLC is $963.42 million. The firm's AUM has grown by 2191% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $852.76 million in discretionary accounts and $110.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $590.55 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $838.31 thousand.

Lutz Financial Services has custody of $236.74 million in cash and securities for 178 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is investment and business development companies, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lutz Financial Services, 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 Lutz Financial Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lutz Financial Services is high net worth individuals with 179 clients and $701.5 million of assets under management. Among the 10 most similar advisory firms, Lutz Financial Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $962.7 million for 550 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lutz Financial Services doesn't advise any private funds.

Careers at Lutz Financial Services, LLC

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 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
James Paul Boulay	Managing member & chief compliance officer	1 Mar 2001	Other	2652010
Llc Ectart	Member	1 Aug 2001	50% - 75%	26-0026534
Llc Lafayette Enterprises	Member	1 Aug 2001	75% - 100%	99-9999999
Justin Bradley Vossen	Member	1 Jan 2012	Other	4455739
Anthony L Cerone	Member	1 Jan 2012	Other	4144981
Stephen Rosman Patterson	Member	1 Jan 2013	Other	5014422

Based in Omaha

The principal office where Lutz Financial Services, LLC performs its advisory services is located at 13616 California Street, Omaha, NE 68154 5336 The mailing address of the firm is 13616 California Street, Omaha, NE 68154 5336. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-827-2300 or by fax 402-827-2319. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at lutzfinancial.com.