Lucid Advisors, Inc. (Seattle)

Name: Lucid Advisors, Inc.
Address: 2101 4 Th Avenue, Seattle, WA, 98121
Telephone: 206-267-2222

Lucid Advisors, Inc. is a large advisory firm based in Seattle. It manages $588.58 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California and Washington.

Lucid Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and employee education and communication services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lucid Advisors: assets under management

The assets under management (AUM) of Lucid Advisors, Inc. is $588.58 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $929.08 thousand in discretionary accounts and $587.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $232.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.82 million.

Lucid Advisors has custody of $11.91 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lucid Advisors, Inc. for their services and products based on 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 Lucid Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lucid Advisors is pension and profit sharing plans with 10 clients and $533.45 million of assets under management. Among the 11 most similar advisory firms, Lucid Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $562.74 million for 38 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.

Lucid Advisors doesn't advise any private funds.

Careers at Lucid Advisors, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 3 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 compensates 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
Robert George Rupp	President & chief executive officer	1 Jul 2000	50% - 75%	2251951
Greg Rikio Ashihara	Executive vp, treasurer, chief financial officer, chief compliance officer	1 Nov 2001	50% - 75%	2310266
Cynthia Ann Rupp	Senior vp, secretary	1 Nov 2001	Other	4489345
Jessica Asenath Poznick	Chief compliance officer	1 Jul 2007	Other	2983445
Jessica Asenath Netherland	Chief compliance officer	1 Jul 2007	Other	2983445
Greg Rikio Ashihara	President & treasurer	1 Sep 2010	50% - 75%	2310266
Robert George Rupp	Executive vice president & secretary	1 Sep 2010	25% - 50%	2251951
Greg Rikio Ashihara	Managing principal, chief compliance officer	1 Jul 2015	75% - 100%	2310266

Based in Seattle

The principal office where Lucid Advisors, Inc. performs its advisory services is located at 2101 4 Th Avenue, Seattle, WA 98121, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-267-2222 or by fax 206-267-2227. The normal business hours are 8am-5:00pm pt on Monday - Friday. You can find more information about the New York firm at lucidadvisorsinc.com and its LinkedIn profile.