Lilac Wealth is a registered investment advisor located in Venice, California, founded and led by Steven Walraven. The registered investment advisor specializes in serving high-net-worth and ultra-high-net-worth individuals, offering comprehensive wealth management and ongoing financial planning services. Their approach integrates investment management across traditional and alternative assets—including stocks, bonds, exchange-traded funds, mutual funds, real estate investment trusts, options, and cryptocurrencies—with holistic financial planning covering tax strategies, retirement planning, estate planning, risk management, and cash flow. Additionally, Lilac Wealth offers optional administrative support services such as bill pay and bookkeeping. The registered investment advisor operates as a legally required fiduciary, putting clients' interests first, and custody client assets with Charles Schwab & Co.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | Included |
| $1.0M - $3.0M | 1.50% |
| $3.0M - $5.0M | 0.57% |
| $5.0M - $10.0M | 0.40% |
| $10.0M - $25.0M | 0.23% |
| $25.0M - $50.0M | 0.16% |
| $50M+ | 0.12% |
Fees are charged as a negotiable flat dollar amount rather than a strict percentage. Percentages shown are approximate averages based on the midpoint of each tier and a $1M account minimum. Bill pay and bookkeeping are available separately starting at $2,500 to $5,000 per month.