Paid only by clients for the services we provide. We receive no commissions on products we recommend.
Financial advisors and planners receive compensation in a variety of ways, some of which may create conflicts of interest with their clients. Common examples include those who receive commissions on the financial products they recommend or fees from financial transactions. As a client, you might wonder if the recommendations you are getting enhance your bottom line or theirs.
Luma Financial is a fee-only advisor, meaning we are only compensated by the client. Furthermore, as a fiduciary we have a legal requirement to always act in the best interest of the client, unlike stock brokers who are held to the lower, ‘suitability’ standard.