Andrews, Lucia Wealth Management LLC (Danville)

Name: Andrews, Lucia Wealth Management LLC
Address: 939 Hartz Way, Danville, CA, 94526 3440
Telephone: 925-837-8355

Andrews, Lucia Wealth Management LLC is a large advisory firm based in Danville. It manages $294.17 million of regulatory assets for 483 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, and Nevada.

Andrews, Lucia Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Andrews, Lucia Wealth Management: assets under management

The assets under management (AUM) of Andrews, Lucia Wealth Management LLC is $294.17 million. The firm's AUM has grown by 594% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $263.31 million in discretionary accounts and $30.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $546.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30.86 million.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Andrews, Lucia Wealth Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Andrews, Lucia Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Andrews, Lucia Wealth Management is high net worth individuals with 86 clients and $267.48 million of assets under management. Among the 9 most similar advisory firms, Andrews, Lucia Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $292.45 million for 161 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.

Andrews, Lucia Wealth Management doesn't advise any private funds.

Careers at Andrews, Lucia Wealth Management LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Robert Joseph Lucia	Managing member & chief compliance officer	1 Feb 2004	75% - 100%	1363878

Based in Danville

The principal office where Andrews, Lucia Wealth Management LLC performs its advisory services is located at 939 Hartz Way, Danville, CA 94526 3440, which is also the mailing address of the firm. An additional office of the firm is in San Mateo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-837-8355 or by fax 925-837-1190. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at luciawealth.com.