Wealth manager, independent · Omaha, NE
Lutz Financial
Lutz Financial Services, LLC · SEC-registered investment adviser · CRD 117273 · SEC 801-62093
At a glance
Lutz Financial is an SEC-registered investment adviser based in Omaha, Nebraska, with $3.2B in regulatory assets under management as of its Form ADV filed July 7, 2026. It reports 845 individual clients, 420 of them high-net-worth, holding an average of about $2.8 million each, and 23 employees. That ranks it 339th among the nation’s 5,657 independent wealth management RIAs and 4th of 41 in Nebraska. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Ascensus Broker Dealer Services.
Main office 402-827-2300lutz.usLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.2B
- Rank among independent wealth managers
- #339 of 5,657
- Rank among all SEC RIAs
- #2,734 of 17,210
- Rank in Nebraska
- #4 of 41
- Individual clients
- 845
- High-net-worth clients
- 420
- Accounts
- 2,689
- Discretionary
- 89% of AUM
- Employees
- 23
- Advisory staff
- 15
- Offices
- 2
Owners and executives on its Form ADV
- James P. BoulayManaging Member & Chief Compliance Officer
- Justin B. VossenMember
- Joshua R JenkinsChief Investment Officer and Principal
Custody and brokerage
Broker-dealer
No broker-dealer ties
Lutz Financial reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 420 | $2.2B | 69% |
| Pension and profit sharing plans | 171 | $789M | 25% |
| Individuals | 425 | $137M | 4% |
| Corporations or other businesses | 15 | $32M | <1% |
| Charitable organizations | – | $30M | <1% |
Disciplinary disclosures
Lutz Financial reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗lutz.us ↗
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The full record on Lutz Financial
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,281 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Nebraska
All of Nebraska →| Firm | Regulatory AUM | Clients |
|---|---|---|
| CWM, LLCOmaha | $51B | 52,263 |
| Ameritas Advisory Services, LLCLincoln | $14B | 29,363 |
| Avior Wealth Management, LLCOmaha | $6.5B | 4,775 |
| Pittenger & Anderson IncLincoln | $3.0B | 894 |
| Private Wealth Asset ManagementOmaha | $2.5B | 559 |
| Wealthplan Investment Management LLCOmaha | $2.2B | 2,068 |
Background
Questions
How much does Lutz Financial manage?
Lutz Financial reports $3.2B in regulatory assets under management across 2,689 accounts, 89% of it on a discretionary basis, on its Form ADV filed July 7, 2026.
How many clients does Lutz Financial have?
It reports 845 individual clients: 420 high-net-worth individuals and 425 other individuals. Individuals account for about 73% of its regulatory assets.
Where is Lutz Financial headquartered?
Its main office is in Omaha, Nebraska. It reports 2 offices in total and 23 employees, 15 of whom perform investment advisory functions.
How does Lutz Financial charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Lutz Financial use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Ascensus Broker Dealer Services. On Schedule D of its Form ADV filed July 7, 2026, it reports these amounts held: Charles Schwab ($2.4B); Ascensus Broker Dealer Services ($564M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Lutz Financial a hybrid RIA with a broker-dealer?
Lutz Financial reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Lutz Financial a fiduciary?
As an SEC-registered investment adviser, Lutz Financial owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Lutz Financial’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-07), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →