Lumina Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Lumina Wealth Management reports 181 clients. They include 113 individual clients, 49 high-net-worth individuals and 8 charitable organizations. Of its assets, 96.1% ($231M across 594 accounts) are managed with discretion; $9.38M across 1 account is not. Of its clients, 1% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 12% |
| High-net-worth individuals | 27% | 54% |
| Pension and profit-sharing plans | <1% | 4% |
| Charitable organizations | 4% | 11% |
| Insurance companies | 2% | 15% |
| Other client typesCorporations and other businesses | 4% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 113 | $29.3M | 12.2% | $260K |
| High-net-worth individuals | 49 | $131M | 54.4% | $2.66M |
| Pension and profit-sharing plans | Fewer than 5 | $9.38M | 3.9% | $9.38M |
| Charitable organizations | 8 | $27.1M | 11.3% | $3.39M |
| Insurance companies | Fewer than 5 | $36.9M | 15.4% | $12.3M |
| Corporations and other businesses | 7 | $6.96M | 2.9% | $994K |
| Total | 181 | $240M | 100% | — |
- Clients
- 113
- Regulatory AUM
- $29.3M
- AUM share
- 12.2%
- Avg. per client
- $260K
- Clients
- 49
- Regulatory AUM
- $131M
- AUM share
- 54.4%
- Avg. per client
- $2.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.38M
- AUM share
- 3.9%
- Avg. per client
- $9.38M
- Clients
- 8
- Regulatory AUM
- $27.1M
- AUM share
- 11.3%
- Avg. per client
- $3.39M
- Clients
- Fewer than 5
- Regulatory AUM
- $36.9M
- AUM share
- 15.4%
- Avg. per client
- $12.3M
- Clients
- 7
- Regulatory AUM
- $6.96M
- AUM share
- 2.9%
- Avg. per client
- $994K
Total
- Clients
- 181
- Regulatory AUM
- $240M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Lumina Wealth Management charges up to 1.25% a year for its Portfolio Management Fees. The fee is billed in advance, is negotiable and has a $1,500 annual minimum. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Fees
- Financial planning is generally $500 to $5,000 on a fixed fee basis, or $100 to $250 per hour, negotiable.
- General Consulting
- General consulting is negotiated and billed hourly or on a fixed fee, usually with a retainer paid in advance.
Ashley Doyle owns 50% to 75% of Lumina Wealth Management. The leadership team of Lumina Wealth Management includes Chief Compliance Officer Meredith Koenig. It has 3 employees.
Leadership
Meredith KoenigChief Compliance Officer
Ashley DoyleManaging Member- Meredith KoenigManaging Member
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Lumina Wealth Management, LLC
Ashley Doyle
Control person · since April 2024
- Owns 50% to 75% of Lumina Wealth Management, LLC
Meredith Koenig
Control person · since April 2024
Lumina Wealth Management’s regulatory assets grew 1.8× from $137M (March 2021) to $240M (August 2026); clients rose from 143 to 181 and employees fell from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $240M | 181 | 3 | 1 |
| May 2025 | $197M | 158 | 3 | 1 |
| April 2024 | $177M | 147 | 3 | 1 |
| June 2023 | $153M | 151 | 3 | 1 |
| March 2022 | $163M | 153 | 4 | 1 |
| March 2021 | $137M | 143 | 4 | 1 |
Besides its headquarters, Lumina Wealth Management has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 1427 Military Cutoff Road, Suite 207, WilmingtonHQ
Contact and registration details
- Legal name
- Lumina Wealth Management, LLC
- Headquarters
- 1427 Military Cutoff Road, Suite 207, Wilmington, NC 28403
- Website
- luminawm.com
- Phone
- 910-599-9409
- @lumina-wealth-management
- SEC file
- 801-112277
- Structure
- North Carolina LLC
- Fiscal year end
- December
Lumina Wealth Management uses Charles Schwab ($188M, 90%) and Comerica ($22M, 10%) as custodians for its separately managed accounts. Lumina Wealth Management has custody of $26.8M in client assets for 47 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $188M90%
- ComericaComerica · Detroit, MI · $22M10%
At year end, Lumina Wealth Management’s separately managed accounts were largely in funds (37%) and stocks (23%).
What the accounts hold
- Stocks23%
- Funds37%
- Registered funds35%
- Pooled vehicles2%
- Bonds10%
- State and local bonds5%
- U.S. government and agency bonds3%
- Investment grade corporate bonds2%
- Cash23%
- Other8%
- Derivatives8%
How many clients does Lumina Wealth Management have?
Lumina Wealth Management has 181 clients and manages $240 million for them, as of August 2026. They include 113 individual clients, 49 high-net-worth individuals and 8 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 August 2026
What services does Lumina Wealth Management offer?
Lumina Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Lumina Wealth Management charge?
Lumina Wealth Management charges up to 1.25% a year for its Portfolio Management Fees. The fee is billed in advance, is negotiable and has a $1,500 annual minimum.
Source: LUMINA WEALTH MANAGEMENT, LLC BROCHURE, filed 19 March 2026
Which custodians does Lumina Wealth Management use?
Lumina Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $188M and Comerica (Detroit, MI), with $22M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 August 2026
How many financial advisors does Lumina Wealth Management have?
Lumina Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Lumina Wealth Management invest in?
At the end of its last fiscal year, Lumina Wealth Management’s separately managed accounts held 35% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 23% cash and equivalents, 8% derivatives, 5% state and local bonds, 3% U.S. government and agency bonds, 2% investment grade corporate bonds and 2% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lumina Wealth Management?
Lumina Wealth Management’s direct owners are Ashley Doyle (50% to 75%) and Meredith Koenig (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 August 2026
How does Lumina Wealth Management get paid?
Lumina Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Lumina Wealth Management?
Lumina Wealth Management’s main office is at 1427 Military Cutoff Road, Suite 207, Wilmington, NC 28403. Its phone number is 910-599-9409. Its website is luminawm.com.