|By PR Newswire||
|July 31, 2014 10:00 AM EDT||
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 (NASDAQ: 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 (NASDAQ: 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.
SOURCE Lucia Capital Group
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 6, 2016 11:15 AM EST Reads: 117
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 6, 2016 11:15 AM EST Reads: 107
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 6, 2016 11:00 AM EST
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 6, 2016 11:00 AM EST
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 6, 2016 11:00 AM EST Reads: 147
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 6, 2016 11:00 AM EST
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 6, 2016 10:00 AM EST Reads: 222
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Feb. 6, 2016 09:45 AM EST Reads: 316
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 6, 2016 09:00 AM EST
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
Feb. 6, 2016 08:00 AM EST Reads: 159
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 6, 2016 07:45 AM EST Reads: 119
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 6, 2016 07:30 AM EST Reads: 273
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 6, 2016 07:30 AM EST Reads: 148
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 6, 2016 07:15 AM EST Reads: 123
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 6, 2016 05:00 AM EST Reads: 316