Lakshmi Wealth Management LLC

The firm serves individual investors and trusts and delivers personalized financial planning alongside discretionary portfolio management. Its brochure describes advisory work across a broad set of personal finance topics (insurance, IRA decisions, retirement timing and estate considerations) and the creation of customized portfolios tailored to client age, goals and risk tolerance.

Investment implementation emphasizes actively managed, customized portfolios using a wide range of instruments — cash and short-term funds, bonds and bond ladders, mutual funds and ETFs, preferred and convertible securities, limited partnerships and individual equities. The firm discloses regular use of options and other derivatives (puts, calls, covered calls and various spreads) to hedge risk and pursue enhanced returns, and it operates accounts on a discretionary basis through low‑cost custodians (Interactive Brokers and Fidelity), including occasional block trading to reduce execution costs.

Noteworthy for a solo adviser, the brochure reports approximately $19 million in discretionary client assets as of 5/2/2024 and also discloses the principal manages additional family/friend assets without fee (roughly $30 million reported historically). The firm also discloses a resolved disciplinary matter closed in 2016 and highlights the explicit, active use of derivatives in separately managed accounts — both details that are less common among independent, single‑advisor firms.