SAN DIEGO, July 31, 2014 /PRNewswire/ -- Lucia Capital Group ("Lucia" or "the Firm"), a family of companies spanning complementary businesses in the wealth advice, asset management, and investment distribution spaces, today announced that Derek Bruton, former Managing Director of Independent Advisor Services at LPL Financial (LPLA), has been named the Firm's Chief Executive Officer. The Firm currently has over 70 employees and through its subsidiaries and affiliates oversees approximately $2.3 billion of client assets, as well as 16 branch office locations nationwide.
Mr. Bruton's appointment is a centerpiece of the Firm's next chapter of strategic growth, which is focused on aggressive expansion plans across multiple business lines. In particular, Lucia Capital Group and its affiliates support two dozen W-2 employee advisors serving clients across the country through the Firm's retail Registered Investment Advisor. In addition, Lucia also runs the Bucket Strategy Advisor Network (BSAN) practice management platform, a coaching program for independent advisors affiliated with other independent broker-dealers and custodial platforms. BSAN, which currently supports 50 independent advisors across the country, helps build simple and repeatable processes in sales and portfolio management utilizing Lucia's proprietary licensed software, as well as educational training, all based on The Bucket Strategy® approach.
Ray Lucia Jr., Chairman of Lucia Capital Group, said, "Derek represents a bold new generation of leadership for this company, which has always been about providing advisors and the clients they serve with an innovative, creative, and seamless set of strategies. He has a proven track record of growing companies of all sizes in our industry, and he possesses a vast array of knowledge across a number of areas crucial to our future plans, including acquisitions, business integration, and advisor relations. There's no question that Derek will be a pivotal asset to our firm, and I am delighted to welcome him to our team."
In his new role, Mr. Bruton will oversee Lucia's ecosystem of businesses, with an emphasis on addressing the needs of the Firm's advisors and end clients. He will also play a key role in executing the Firm's strategic vision for the future along with other members of the Lucia Capital Group executive team, including Ray Lucia Jr. and Joe P. Lucia.
Growth plans include attracting new W-2 employee advisors to Lucia's Registered Investment Advisor firm; engaging in strategic "roll up" acquisitions of advisor teams that can be added to the Firm's Registered Investment Advisor, including through succession planning solutions for independent advisor teams; pursuing client-focused product origination opportunities; developing a wider following among independent advisors for the Firm's proprietary Bucket Strategy Advisor Network practice management platform; and providing the educational training and portfolio management tools for advisors to grow existing client relationships. These expansion plans are based on the Firm's current growth trajectory and aims to further establish Lucia Capital Group as an emerging and innovative leader within the financial services industry.
Joe P. Lucia, President of Lucia Capital Group, said, "I am excited to work side by side with Derek as we commence this exciting next stage in the evolution of our firm and the businesses that comprise it. For years, I have closely followed Derek's career, and I have been impressed not just by the professional success he has achieved at each step but at how he has been able to attract and grow talent everywhere he has been. Given the tools, resources, and investment platforms that Lucia Capital Group has cultivated over the years, we have every confidence that Derek is well positioned to generate considerable success here at our firm."
Derek Bruton, CEO of Lucia Capital Group, said, "Having started my career in the industry as a financial advisor nearly a quarter of a century ago, I have a passion for helping investors realize their hopes and dreams. I have had the very good fortune to work with the best and brightest minds in the business, including some of the most talented Registered Investment Advisors, financial advisors, and asset management firm executives in the space. Now it's time to harness what I have learned and return to my roots with this new role at Lucia Capital Group. I'm excited to begin the next stage of my career with a firm that is not only well positioned to capitalize on some of the biggest trends in the industry but nimble enough to allow me the opportunity to execute its strategic vision. I'm honored to team with Ray Jr., Joe, and the rest of the team at Lucia Capital Group. Together, I believe we will be building something that changes the face of the financial services industry."
About Lucia Capital Group
Headquartered in San Diego, California, Lucia Capital Group encompasses a family of companies across multiple lines of financial service businesses, including wealth advisory, asset management, investment platform, and product origination. Through its subsidiaries, Lucia Securities, LLC and RJL Wealth Management, LLC; and affiliate, RJL Capital Management, LLC, Lucia offers a range of investment solutions, as well as wealth advisory services. Lucia Capital Group oversees approximately $2.3 billion in fee-based, brokerage, fixed insurance and variable insurance assets. Through an affiliated partner company of the Firm's asset management business, RJL Capital Management, LLC, the Firm manages The Multi-Strategy Growth & Income Fund (MSFDX). With offices and meeting locations nationwide, Lucia is committed to helping clients achieve their financial goals. For more information, please visit www.LuciaCapitalGroup.com
As of December 31, 2013, client assets managed by RJL Wealth Management, LLC totaled $201,404,083 in discretionary accounts and $189,786,886 in non-discretionary accounts. In addition, our investment advisor representatives, in their separate capacities as Lucia Securities, LLC registered representatives oversee $1,667,922,582 of assets in non-discretionary, traditional commission-based accounts. All services provided through Lucia Securities, LLC are non-discretionary. Our investment advisor representatives, in their separate capacities as licensed insurance agents, oversee $193,874,441 in fixed-annuity products. As of December 31 2013, RJL Capital Management, LLC had $110,195,802 in discretionary assets under management.
RJL Holding Company, LLC (dba Lucia Capital Group) is the holding company for three wholly-owned subsidiaries: Lucia Securities, LLC, a registered broker/dealer, member FINRA/SIPC, RJL Wealth Management, LLC, a Registered Investment Advisor, and RJL Management Company.
RJL Capital Management, LLC, an affiliate of Lucia Securities, LLC, is a Registered Investment Advisor and is under common ownership and control with RJL Holding Company, LLC.
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