Lutz Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and pension consulting. Financial planning was provided to 251–500 clients last fiscal year.
Lutz Financial Services reports 1,031 clients. They include 425 individual clients, 420 high-net-worth individuals, and 171 pension and profit-sharing plans. Of its assets, 88.9% ($2.83B across 2,462 accounts) are managed with discretion; $352M across 227 accounts are not. It advised 13 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 41% | 4% |
| High-net-worth individuals | 41% | 69% |
| Pension and profit-sharing plans | 17% | 25% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 1% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 425 | $137M | 4.3% | $321K |
| High-net-worth individuals | 420 | $2.2B | 69.0% | $5.24M |
| Pension and profit-sharing plans | 171 | $789M | 24.8% | $4.62M |
| Charitable organizations | Fewer than 5 | $29.6M | 0.9% | — |
| Corporations and other businesses | 15 | $31.5M | 1.0% | $2.1M |
| Total | 1,031 | $3.19B | 100% | — |
- Clients
- 425
- Regulatory AUM
- $137M
- AUM share
- 4.3%
- Avg. per client
- $321K
- Clients
- 420
- Regulatory AUM
- $2.2B
- AUM share
- 69.0%
- Avg. per client
- $5.24M
- Clients
- 171
- Regulatory AUM
- $789M
- AUM share
- 24.8%
- Avg. per client
- $4.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $29.6M
- AUM share
- 0.9%
- Avg. per client
- —
- Clients
- 15
- Regulatory AUM
- $31.5M
- AUM share
- 1.0%
- Avg. per client
- $2.1M
Total
- Clients
- 1,031
- Regulatory AUM
- $3.19B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 13
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Lutz Financial Services charges 0.30%–1.00% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Automated Investment Program
- The Automated Investment Program carries a flat 1.00% annual advisory fee and does not include financial planning services.
- Financial Planning and Consulting
- Stand-alone financial planning and consulting is negotiable, generally a $5,000 fixed fee or $200 to $500 an hour.
- Retirement Plan Consulting
- Retirement plan consulting is generally 0.10% to 1.00% of plan assets, or a flat dollar fee based on plan size, by written agreement.
Ectart, LLC owns 50% to 75% of Lutz Financial Services. The leadership team of Lutz Financial Services includes Chief Investment Officer Joshua Jenkins and Chief Compliance Officer James Boulay. It has 23 employees, 15 of them in advisory roles.
Leadership
- James BoulayManaging Member & Chief Compliance Officer
- Joshua JenkinsChief Investment Officer and Principal
- Justin VossenMember
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Samuel James Bonebrake
- James Paul Boulay
- Joseph Daniel Carlson
- Shannon Rae Gohr
- Nicholas Samuel Hall
- Joseph Ryan Hefflinger
- Thomas Aubrey Hodgson
- Joshua R Jenkins
- Alec Michael Johnston
- Ryan Ernest Schmidt
- Landon Jaughn Sibole
- Justin Bradley Vossen
- Christopher Michael Wagner
- Adriane Linette Washburn
- Austin Lee Wells
Staff
- 23 employees
- 15 in advisory functions
- 15 state-registered reps
- 6 insurance agents
- Owns 50% to 75% of Lutz Financial Services, LLC
Ectart, LLC
Control person · since August 2001
Ryan Cook
Elected manager · Control person · since May 2025
- Owns 10% to 25% of Lutz Financial Services, LLC
James Boulay
Control person · since March 2001
- Owns 5% to 10% of Lutz Financial Services, LLC
Justin Vossen
since January 2012
Lutz Financial Services’ regulatory assets grew 2.2× from $1.43B (April 2021) to $3.19B (July 2026); clients rose from 640 to 1,031 and employees from 15 to 23.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $3.19B | 1,031 | 23 | 2 |
| March 2025 | $2.61B | 881 | 21 | 2 |
| June 2024 | $2.28B | 801 | 20 | 2 |
| March 2023 | $1.73B | 740 | 17 | 1 |
| April 2022 | $1.82B | 710 | 15 | 1 |
| April 2021 | $1.43B | 640 | 15 | 1 |
Besides its headquarters, Lutz Financial Services has 1 office, with 2 listed addresses in Nebraska.
Nebraska · 2 listed addresses
- 13616 California Street, Suite 300, OmahaHQ
- 3320 James Road, Grand Island
Contact and registration details
- Legal name
- Lutz Financial Services, LLC
- Headquarters
- 13616 California Street, Suite 300, Omaha, NE 68154-5336
- Website
- lutz.us
- Phone
- 402-827-2300
- SEC file
- 801-62093
- Structure
- Nebraska LLC
- Fiscal year end
- December
Lutz Financial Services uses Charles Schwab ($2.4B, 81%) and Ascensus Broker Dealer Services ($564M, 19%) as custodians for its separately managed accounts. Lutz Financial Services has custody of $1.11B in client assets for 840 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.4B81%
- Ascensus Broker Dealer ServicesAscensus Broker Dealer Services, LLC · Newton, MA · $564M19%
At year end, Lutz Financial Services’ separately managed accounts were mostly in funds (95%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.64B across 112 positions; the largest are Vanguard Index Fds (10.7%), SPDR Series Trust (9.2%) and iShares TR (7.6%).
What the accounts hold
- Stocks2%
- Funds95%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash2%
- Other1%
- Derivatives1%
Reported 13F holdings
- $1.64B
- Reported 13F value
- 112
- Positions
- 59.1%
- In the 10 largest
- +10.4%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs10.7%
- SPDR Series Trust · ST Str P500val9.2%
- iShares TR · Core S&P Mcp ETF7.6%
- Vanguard BD Index Fds · Total Bnd Mrkt6.6%
- Vanguard Mun BD Fds · Tax Exempt BD5.1%
- SPDR Series Trust · ST Str Sp400val4.8%
- Vanguard Scottsdale Fds · Shrt Trm Corp. BD4.3%
- Schwab Strategic TR · US Tips ETF3.9%
- iShares TR · Mbs ETF3.8%
- State Str SPDR S&P 500 ETF T · TR Unit3.0%
Together, the ten largest are 59.1% of reported value.
How many clients does Lutz Financial Services have?
Lutz Financial Services has 1,031 clients and manages $3.19 billion for them, as of July 2026. They include 425 individual clients, 420 high-net-worth individuals, and 171 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 July 2026
What services does Lutz Financial Services offer?
Lutz Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Lutz Financial Services charge?
Lutz Financial Services charges 0.30%–1.00% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable.
Source: ADV PART 2A, filed 21 March 2026
Which custodians does Lutz Financial Services use?
Lutz Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.4B and Ascensus Broker Dealer Services, LLC (Newton, MA), with $564M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 July 2026
How many financial advisors does Lutz Financial Services have?
Lutz Financial Services has 15 investment adviser representatives registered with state securities authorities, out of 23 employees, and 15 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 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 Lutz Financial Services invest in?
At the end of its last fiscal year, Lutz Financial Services’ separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs), 2% exchange-traded equities, 2% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lutz Financial Services?
Lutz Financial Services’ direct owners are Ectart, LLC (50% to 75%), James Boulay (10% to 25%) and Justin Vossen (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 7 July 2026
How does Lutz Financial Services get paid?
Lutz Financial Services 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
Is Lutz Financial Services registered with the SEC?
Yes, Lutz Financial Services has been registered with the SEC as an investment adviser since 4 June 2003. Its CRD number is 117273 and its SEC file number is 801-62093.
Source: Form ADV Part 1A, Item 1, filed 7 July 2026; IAPD firm record
How do I contact Lutz Financial Services?
Lutz Financial Services’ main office is at 13616 California Street, Suite 300, Omaha, NE 68154-5336. Its phone number is 402-827-2300. Its website is lutz.us.