Luken Wealth Management (LWM) offers investment advice and financial planning to individual investors and subscription services to other registered investment advisors. LWM provides financial planning for a one-time fee, and manages investments through a discretionary wrap program. LWM also offers a model subscription program for other advisors. Investments primarily consist of mutual funds, equity securities, and exchange traded funds.
Fee Structure
Luken Wealth Management offers a discretionary wrap program where fees are billed monthly in advance. The annual advisory fee is negotiable, but most often ranges from 0.30% to 1.60%. For 401(k) accounts managed via the Pontera platform, the annual fee is negotiable but is most often 0.75%, billed quarterly. Bloomwell 529 account participants do not pay a fee.