Frequently asked questions

We are a fee-only advisor. We are paid a percentage of the assets we manage. If those assets increase in value we get a raise, if they decrease we take a pay cut. This is a transparent structure where our client's best interest is aligned with ours.

Depending on the type of firm you currently work with, what you see on your account statements may not be the full picture. To find out what commissions and/or fees you are actually paying contact us for a complimentary Portfolio Cost Analysis.

Luminist Capital is a Registered Investment Advisor, while the others are broker-dealers. The two main differences are how the firms are regulated and how they are compensated. As an RIA we are held to the fiduciary standard, while broker-dealers are not. Broker-dealers gravitate towards transaction-based compensation making each recommended move by them a potential for additional compensation. Luminist Capital is a fee-only advisor acting as a fiduciary for our clients. All recommondations are in our client's best interest and don't generate any additional compensation for the firm.

A Registered Investment Advisor is an investment firm regulated by the applicable state or federal securities authorities. Investment Advisors have a fiduciary duty to their clients requiring them to place their client's best interest ahead of their own at all times.

Investment advisors are firms and their representatives must be properly licensed, regulated at the state and/or federal level and adhere to a fidciary standard. Financial advisors do not require any licensing, regulatory ovesight or have any obligation to act in their client's best interest. Many financial advisors do but are not required by law.

There are currently two forms of accountability in the financial service industry, they are the suitability rule and the fiduciary standard. - The fiduciary standard legally requires an advisor to place their client's best interest ahead of their own. - The suitability rule asserts that the broker-dealer has to reasonably believe that recommondations are suitable for clients. While it shouldn't be an issue it is important to ensure that the financial professional you are working with has your best interest in mind.

To read about our investment philosophy visit the investment process page.

An option overlay is a combination of options used in conjunction with a core ivestment. These are used to both generate additional income in slow markets and to define the total potential risk of loss for the investor. To request more information about option overlays click here.

Luminist Capital has thoughtfully designed portfolios and plans that guide investors through all phases of retirement planning allowing us to serve any investor at any stage of life.

We can support the following account types. If you don't see what you need below please email us here. Individual Joint IRA Rollover IRA Roth IRA SEP IRA Trust Organization