Luma Wealth Advisors

What Luma Wealth Advisors does

Luma Wealth Advisors is a privately held wealth management advisory firm headquartered in Cleveland, Ohio, founded in 2017 with between 11 and 50 employees. The firm's stated mission centers on empowering women through financial planning, while serving a broader horizontal set of client segments including Families, Women, Business Owners, Professionals, and Retirees navigating life transitions such as career changes, business ownership responsibilities, retirement, insurance changes, life after loss, and legacy planning. Its service offering comprises five integrated pillars: Financial Planning, Insurance & Risk Management, Investment Management, Banking Services, and Wealth Management Essentials, delivered through a personalized, advisor-led consultative model supported by thought-leadership content such as 'Powerfully Personal Perspectives' and 'Stephanie Link's Weekly Wisdom.'

Operationally, the firm operates as a wealth advisory practice under Hightower Advisors, LLC, a SEC-registered investment adviser, with securities offered through Hightower Securities, LLC (Member FINRA/SIPC). The go-to-market is sales-led and consultative, relying on scheduled advisory meetings and content marketing (LinkedIn, resource library, multimedia series) to attract and serve clients. Revenue is generated via fee-based, likely AUM-aligned advisory arrangements billed annually, consistent with subscription/recurring wealth management economics. Pricing is not publicly disclosed and is tailored to individual client circumstances, asset levels, and service complexity.

The underlying technology is described generically as a 'wealth management advisory platform' with no documented proprietary features, AI/ML capabilities, APIs, or app products. The firm's primary differentiators are its experienced advisory team, its affiliation with Hightower Advisors providing institutional infrastructure and regulatory credibility, and a lifecycle-oriented client engagement model that adapts plans as client needs evolve.

Name

Luma Wealth Advisors

Legal name

Hightower Advisors, LLC

Website

https://lumawealth.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Luma Wealth Advisors is a Cleveland-based, privately held wealth management advisory firm founded in 2017, offering financial planning, investment management, insurance, banking, and wealth management essentials to families, women, business owners, professionals, and retirees navigating life transitions.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Planning–Led RIAs (FSAAACAB)

akta.pro secondary industries

Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE), Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG)

Keywords

• Wealth management services
• Financial planning advisory
• Investment management
• Insurance risk management
• Retirement planning services

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wealth Management & Advisory Fees: The firm generates revenue through wealth management advisory services, likely structured as a percentage of assets under management (AUM) or fee-based advisory arrangements typical of registered investment advisers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Luma Wealth Advisors delivers personalized wealth management and financial planning services through a team of advisors serving individuals and families. The firm provides five integrated core offerings: financial planning, insurance and risk management, investment management, banking services, and wealth management essentials. Services are tailored to clients navigating life transitions including career changes, business ownership, retirement, insurance/healthcare changes, life after loss, and legacy planning.

Product overview

Hightower Signature Wealth operates as a unified wealth management platform offering five integrated core services: Financial Planning, Insurance & Risk Management, Investment Management, Banking Services, and Wealth Management Essentials. The firm serves diverse client segments including Families, Women, Business Owners, Professionals, and Retirees, providing personalized financial guidance designed to simplify complexities and empower decisions through life's transitions.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Comprehensive financial planning services that help clients navigate life's transitions and build strategies for their distinctive financial journey. Designed for families, women, business owners, professionals, and retirees.
• Insurance & Risk Management Insurance and risk management services addressing changing insurance or healthcare needs, helping protect clients' financial security throughout life transitions.
• Investment Management Investment management services backed by deep history spanning investments, wealth management, and estate strategies. Delivered through a personalized approach for individuals and families.
• Banking Services Banking services integrated within the comprehensive wealth management offering, supporting clients' financial liquidity and transaction needs.
• Wealth Management Essentials Foundational wealth management services designed to help protect, grow, and secure clients' financial future through a lifelong partnership model.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Hightower AdvisorscoreStrategic or Co-development PartnerHightower Signature Wealth operates as a brand/business unit under Hightower Advisors, a SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC. The partnership provides institutional infrastructure, compliance, and brand backing for the wealth management practice.

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Wealth Enhancement Group: Growing RIA platform that has scaled through advisor acquisitions, offering financial planning, investment management, and tax services — directly analogous roll-up play to Hightower's growth model.
• Hightower Advisors: The parent RIA platform of which the subject firm is a partner practice; offers the same SEC-registered investment advisory infrastructure, securities through its affiliated broker-dealer (Hightower Securities, LLC), and supports other partner firms with similar multi-service wealth offerings.
• Creative Planning: Large fee-only RIA providing financial planning, investment management, and tax services across the full wealth spectrum — comparable comprehensive wealth management offering to high-net-worth and mass-affluent clients.
• Edelman Financial Engines: One of the largest U.S. RIAs offering financial planning, investment management, and retirement income services to individuals and families — directly comparable multi-service RIA model, though at much greater scale.
• United Capital Financial Advisers (Goldman Sachs Personal Financial Planning): Acquired by Goldman Sachs to anchor its mass-affluent financial planning offering, serving families and individuals with goals-based advice and investment management — comparable integrated planning-led RIA offering, though now backed by a bulge-bracket bank.
• Carson Group: Partner-based RIA platform supporting independent advisor firms with compliance, technology, and investment infrastructure — similar affiliate model to the Hightower structure in which the subject firm operates.
• Mariner Wealth Advisors: National RIA delivering financial planning, investment advisory, tax, and family-office-style services — comparable integrated wealth platform serving families, business owners, and retirees.

Emerging players

• Ellevest: Women-focused financial services firm offering investing and planning products — directly comparable mission and target demographic, though operating via a digital-first model rather than traditional advisory relationships.
• Facet Wealth: Digital-first financial planning and investment advisory firm serving mass-affluent and mid-market clients with a flat-fee model — comparable financial-planning-led positioning, differentiated by distribution channel.

Direct peers

• Sanctuary Wealth: Partner-owned RIA platform built for elite advisor teams, providing investment, planning, and operational support — highly comparable affiliation model to the subject firm's setup under Hightower.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/luma-wealth-advisors
• Xx.com/LumaWealth
• Facebookfacebook.com/lumawealth

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Luma Wealth Advisors