Luma Wealth Salary

Luma Wealth Salary

How much does the Luma Wealth Pay for employees?

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As of August 2026, the average annual salary for employees at Luma Wealth in the United States is $88,002. This translates to an approximate hourly wage of $42. Salaries at Luma Wealth typically range from $77,184 to $99,710 annually, reflecting the diverse roles and experience levels within the company. Luma Wealth’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Luma Wealth Pay for Different Roles?

Explore detailed salary information for specific jobs at Luma Wealth. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Luma Wealth

Ready for your next career move? Explore current job openings at Luma Wealth. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Luma Wealth’s Pay Competitive? Salary Benchmarking Analysis

How does Luma Wealth’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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90k
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Average Salary ($/year)
Luma Wealth
Financial Services
The Matterhorn Advisory Group Inc
Raymer Advisory Group LLC
Industry Comparison
Our data shows that, on average, compensation at Luma Wealth is below the average for the U.S. Financial Services industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Luma Wealth average annual salary with several similar companies. Luma Wealth average salary of $88,002 is higher than The Matterhorn Advisory Group Inc, which has an average salary of $85,787. It is higher than Raymer Advisory Group LLC, with their average salary at $83,572. This places Luma Wealth in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Luma Wealth's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Luma Wealth. Click a company name to learn more.

Employee Reviews: Working at Luma Wealth

Considering a career at Luma Wealth? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Coworkers are sharp, driven, and always willing to help. Failure is viewed as learning opportunities. Feedback is constructive, and leadership remains accessible and empathetic. Every decision and strategy is geared towards achieving the best possible outcomes for those we serve.
Commented in April 24, 2025
24
1
The work environment is dynamic, with cutting-edge tools and technologies that streamline processes. It's reassuring to work for a financial institution that not only focuses on profitability but also actively contributes to community development and environmental stewardship. Meeting culture is productive and respectful. Management is fair and consistent. Root cause analysis prevents recurring is...
Commented in February 07, 2025
47
2
There’s a healthy mix of structure and flexibility. The work environment is quiet and professional but lacks energy or cultural engagement. The focus is on business needs rather than penny-pinching. This balance makes the work incredibly engaging and fulfilling, accelerating my professional development in the financial sector significantly. The onboarding process was excellent. Commuter benefits o...
Commented in August 31, 2024
11
2

Luma Wealth Overview

Website
www.lumawealth.com
Founded In
2017
Employees
<25 employees
Industry
Financial Services
Headquarter Address
1350 Euclid Ave Cleveland Ohio OH 44115
Revenue
<$5 Million
Phone Number
+1 8669956191
Social Media
About Luma Wealth
Luma Wealth Advisors is a division of Fairport Wealth that provides women and their families personalized wealth planning, experienced investment management, and a supportive, enriching community where they can learn, connect, and celebrate with other women.

What Benefits Does Luma Wealth Offer Beyond Salary?

A competitive compensation package is more than just a salary. Luma Wealth offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Luma Wealth.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Luma Wealth, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Luma Wealth salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Luma Wealth

1. What is the estimated average total compensation at Luma Wealth?

Salary.com estimates that the average total compensation package at Luma Wealth, which can include base salary, potential bonuses, and benefits, is around $88,002 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Luma Wealth pay compared to The Matterhorn Advisory Group Inc?

The average annual salary at Luma Wealth is $88,002, or an hourly wage of $42, in comparison to The Matterhorn Advisory Group Inc which pays $85,787 per year or $41 per hour.

3. Do salaries differ significantly between departments at Luma Wealth?

Yes, salaries often differ between departments at Luma Wealth due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Luma Wealth?

Salary progression from an entry-level to a senior role at Luma Wealth can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Luma Wealth in Cleveland is fair given the local cost of living?

To determine if a salary offer from Luma Wealth in Cleveland is fair, first compare the gross salary to our data for similar roles at Luma Wealth and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Cleveland" to understand its purchasing power.

6. Are promotions at Luma Wealth usually accompanied by a significant salary increase?

Yes, promotions at Luma Wealth are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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