Lumen Wealth Management

Lumen Wealth Management is a Reading, MA-based wealth advisory practice offering personalized financial planning and investment management to individuals, families, business owners, executives, pre-retirees, and retirees, operating as a branded practice under Raymond James Financial Services.

Company typePrivate
Founded2001
HeadquartersReading, United States
Headcount1–10
GTM typeB2C
OfferingServices

What Lumen Wealth Management does

Lumen Wealth Management is a privately operated wealth management advisory practice headquartered in Reading, Massachusetts, that delivers personalized financial planning and investment management services to individuals, families, business owners, corporate executives, pre-retirees, and retirees. The firm is independently owned and led by Wealth Advisor Gino P. Molettieri and Client Relationship Manager Maria L. Molettieri, and operates as a branded practice under the regulatory and operational umbrella of Raymond James Financial Services, Inc. (broker-dealer, FINRA/SIPC member) and Raymond James Financial Services Advisors, Inc. (registered investment adviser). Securities are offered through the former; investment advisory services are offered through the latter.

The practice's product surface comprises comprehensive financial planning, investment management via Raymond James Freedom portfolios, portfolio management, investment strategies spanning alternatives, separately managed accounts, unified managed accounts, managed discretionary accounts, wrap accounts, structured products, options, equities, fixed income, annuities, mutual funds, and ETFs, plus retirement planning, business planning, education planning, risk management, and estate/charitable giving services. The underlying technology is not proprietary; it relies on Raymond James's institutional research, portfolio management systems, and the Client Access portal for account monitoring and secure client communications.

Lumen's revenue is generated from AUM-based investment advisory fees and transaction-based commissions on securities trades, both flowing through the Raymond James entities. Client acquisition is driven primarily by referrals from existing clients and from professional advisor networks (attorneys, accountants), supplemented by community presence, website content (Commentary and Insights, WorthWhile publication), and a 'Second Opinion' service. With 1-10 employees and a regional New England footprint, the firm operates at the scale of a single-advisor branch practice within the broader Raymond James network.

Lumen Wealth Management firmographics

Firmographics

Name: Lumen Wealth Management
Legal name: Lumen Wealth Management (marketed as brand under Raymond James Financial Services, Inc.)
Website: https://lumenwealth.com
Company type: Private
Founded year: 2001
Operating status: Operating
Headcount range: 1–10 employees
Short description: Lumen Wealth Management is a Reading, MA-based wealth advisory practice offering personalized financial planning and investment management to individuals, families, business owners, executives, pre-retirees, and retirees, operating as a branded practice under Raymond James Financial Services.
Ownership category
akta.pro rank

Lumen Wealth Management industry classification

Industry

Product category: Wealth Management
NAICS: Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
SIC: Investment Advice (6282)
akta.pro primary industry: Financial Planning–Led RIAs (FSAAACAB)
akta.pro secondary industries: Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

Wealth management services
Financial planning services
Investment advisory
Retirement planning
Portfolio management

Where Lumen Wealth Management is headquartered

Location

Headquarters

HQ city: Reading
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Lumen Wealth Management business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

Wealth Management Advisory Services: The firm generates revenue through investment advisory fees and securities commissions. Securities are offered through Raymond James Financial Services, Inc. (member FINRA/SIPC), and investment advisory services are provided through Raymond James Financial Services Advisors, Inc. Revenue is derived from AUM-based advisory fees and transaction-based commissions on securities trades.

Pricing tiers

Model	Billing	Price
Subscription	Annual	Customized wealth management services based on client complexity and assets under management

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Lumen Wealth Management product offering

Product offering

Core offering

Lumen Wealth Management provides personalized, comprehensive wealth management and financial planning services to individuals, families, business owners, corporate executives, pre-retirees, and retirees in the Greater Boston / New England region. The firm delivers an array of advisory services—comprehensive planning, investment management through Raymond James Freedom portfolios, investment strategies, portfolio management, retirement planning, risk management, business planning, education/cash management planning, and estate/charitable giving—offered under the Raymond James Financial Services brand and infrastructure.

Product overview

Lumen Wealth Management is a wealth advisory firm offering a comprehensive suite of financial services organized as interconnected core offerings. The primary services include Comprehensive Planning (integrating all financial aspects), Investment Management through Raymond James Freedom Portfolios, Investment Strategies (providing access to diverse asset classes including alternatives, managed accounts, and structured products), Portfolio Management, Risk Management, Retirement Planning, Business Planning, Education Planning, and Estate/Charitable Giving services. These services are delivered to targeted client segments: Business Owners, Corporate Executives, Families & Individuals, Pre-Retirees, and Retirees.

Differentiator

Problem solved

Functional benefit

Products and services

Comprehensive Planning Financial planning service encompassing an in-depth review and analysis of all aspects of a client's financial life, addressing investment, estate, retirement, education, and risk management needs to deliver a personalized, holistic wealth plan.
Investment Management Investment strategy development service using Raymond James Freedom portfolios, managed by professional investment managers employing disciplined, systematic risk and return management processes backed by award-winning institutional-quality research and due diligence.
Investment Strategies Portfolio guidance service providing clients with access to alternative investments, separately managed accounts, unified managed accounts, managed discretionary accounts, wrap accounts, structured products, options, equities, fixed income, annuities, mutual funds, and ETFs.
Portfolio Management Customized portfolio construction, management, and monitoring service that builds broadly diversified portfolios tailored to individual client needs, with clear communication about holdings and rationale.
Retirement Planning Retirement preparation and planning service that helps clients transition into and manage their retirement years, including income planning, Social Security optimization, and required minimum distribution management.
Risk Management Assessment and protection service that evaluates clients' risk exposure, determines risk tolerance levels, and builds contingency plans to help limit potential negative effects on life goals.
Business Planning Specialized financial planning service addressing the unique wealth management needs of business owners and entrepreneurs, including succession planning, exit strategies, deferred compensation, and executive compensation optimization.
Education Planning Cash management and lending service offering a complete suite of banking tools to help clients borrow and manage cash effectively as part of their overall wealth plan.
Estate, Charitable Giving & Trust Legacy planning service that helps clients ensure their financial legacy makes an enduring difference through estate planning, charitable giving, and trust structures for loved ones or favorite charities.
Raymond James Freedom Portfolios Institutional-quality portfolio options managed by Raymond James professional investment managers employing disciplined, systematic investment processes, offered through the firm's investment management service.

Companies that use Lumen Wealth Management

Customer profile

Segments5 records

Ideal customer profiles5 records

Lumen Wealth Management technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Lumen Wealth Management partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

Raymond James Financial Services, Inc.coreStrategic or Co-development PartnerSecurities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, marketed as Lumen Wealth Management. The firm operates as an independently branded practice within the Raymond James network, leveraging the firm's brokerage infrastructure, regulatory registrations, research capabilities, and investment management platforms.
Raymond James Financial Services Advisors, Inc.coreStrategic or Co-development PartnerInvestment advisory services offered through Raymond James Financial Services Advisors, Inc. This entity provides the regulatory and operational framework for the firm's investment advisory activities.

Recent moves4 records

Expansion highlights3 records

Lumen Wealth Management competitors and assessment

Company assessment

Broad incumbents

Morgan Stanley Wealth Management: Large wirehouse serving HNW individuals, executives, and business owners with comprehensive financial planning and investment management—one of the dominant competitors in Greater Boston and a typical target of 'Second Opinion' deflection.
Fidelity Wealth Management: Major incumbent offering private wealth management to HNW clients in the Boston market and nationally, with institutional research and portfolio management capabilities comparable to those Lumen accesses through Raymond James.
Edward Jones: Large national advisor network with a strong presence in retirement and family wealth planning; competes for the same mass-affluent through HNW households across New England where Lumen operates.
Ameriprise Financial: Large national wealth-management firm with an extensive advisor network serving HNW individuals and business owners with comprehensive planning, investment management, and retirement services—overlapping Lumen's segment focus at much greater scale.

Emerging players

Creative Planning: Large fee-only RIA offering comprehensive financial planning and investment management to HNW clients nationwide; comparable to Lumen in service mix and client archetype but at substantially greater scale, illustrating the structural scale gap facing small practices.
Mariner Wealth Advisors: Fast-growing national RIA consolidator serving HNW individuals, executives, and business owners with comprehensive wealth planning—representing the rollup pathway that gives independent wealth advisors a non-succession exit and ratchets competitive intensity in HNW segments.

Direct peers

Commonwealth Financial Network: Independent broker-dealer/RIA platform that supports thousands of branded advisor practices across the U.S., structurally the closest analogue to Lumen under Raymond James—small advisor-led practices leveraging institutional platform capabilities and relationship-driven GTM.
Cambridge Investment Research: Independent broker-dealer and RIA platform hosting a large network of small advisor practices offering comprehensive planning, investment management, and retirement services under their own brands—same independent-practice archetype as Lumen.
Cetera Financial Group: Independent wealth-management platform supporting advisor-owned practices with brokerage, advisory, and technology infrastructure—directly comparable to Lumen's Raymond James-affiliated model of multi-discipline wealth services delivered through a single local practice.
LPL Financial: Largest independent broker-dealer in the U.S., supporting tens of thousands of advisor practices; the most direct structural comparison to Lumen's model of a small wealth-advisory practice leveraging a national platform's regulatory and product infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Lumen Wealth Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lumen Wealth Management leadership team

Management profile

Number of profiles

Profiles2 records

Lumen Wealth Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Lumen Wealth Management M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Lumen Wealth Management

What does Lumen Wealth Management do?

Is Lumen Wealth Management a public or private company?

Lumen Wealth Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Lumen Wealth Management founded?

Lumen Wealth Management was founded in 2001. It employs 1 to 10 people.

Where is Lumen Wealth Management based?

Lumen Wealth Management is headquartered in Reading, United States, in the North America region.

How does Lumen Wealth Management make money?

One revenue line is on record: wealth Management Advisory Services.

Who are Lumen Wealth Management's main competitors?

Broad incumbents on record are Morgan Stanley Wealth Management, Fidelity Wealth Management, Edward Jones and Ameriprise Financial. Emerging players are Creative Planning and Mariner Wealth Advisors. Direct peers are Commonwealth Financial Network, Cambridge Investment Research, Cetera Financial Group and LPL Financial.

Does Lumen Wealth Management have an API?

No public API is recorded for Lumen Wealth Management.

What industry is Lumen Wealth Management in?

Lumen Wealth Management's product category is Wealth Management. Its primary akta.pro industry code is FSAAACAB, Financial Planning–Led RIAs, with a secondary code of FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers. Its NAICS code is 523940 and its SIC code is 6282.