Lemma Financial

Lemma Financial is a newly formed, fee‑only registered investment adviser that intends to serve individuals, high‑net‑worth clients, employer retirement plans, and businesses by providing discretionary and non‑discretionary investment management, ongoing financial planning, and retirement plan consulting. As of its initial filing the firm reports no active advisors, no clients, and no assets under management.

The firm describes portfolio construction grounded in modern portfolio theory and factor‑based approaches, with implementation through passive ETFs, personalized/direct indexing, and the use of Separately Managed Accounts and third‑party model portfolios. Financial planning is offered as an ongoing engagement that produces a written plan with periodic reviews, and the brochure discloses that planning fees are charged as a recurring fixed monthly fee rather than solely on an hourly or AUM basis.

Notable aspects for a firm of this type and size include explicit retirement plan consulting (including acting as an ERISA investment manager under certain circumstances), a stated process for recommending and selecting sub‑advisers and participation in a model marketplace for implementation, and the firm’s disclosure that it is not a private fund adviser. The brochure also discloses the principal’s outside employment as a data‑science consultant working on algorithm assessment in regulated industries, a detail that bears noting for prospective clients given the firm’s current lack of active advisors and operating history.