# Zega Investments, LLC

> Zega Investments, LLC is an SEC-registered investment advisory firm in Palm Beach Gardens, FL, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 330428
- Filed as: ZEGA INVESTMENTS, LLC
- Also doing business as: LUCKINBILL FINANCIAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palm Beach Gardens, FL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/330428
- AdvisorCensus page: https://advisorcensus.com/firm/zega-investments-llc-palm-beach-gardens-fl-330428

## Quick answers

**How is Zega Investments, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Zega Investments, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Zega Investments, LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.5% to 1.75% a year (a range, as the brochure states it); Hourly rate: $250 an hour (financial plans of moderate or high complexity). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Zega Investments, LLC located?**
Zega Investments, LLC's principal office is in Palm Beach Gardens, FL, according to its Form ADV.

**Is Zega Investments, LLC registered with the SEC or a state?**
Zega Investments, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 330428.

**How much does Zega Investments, LLC manage?**
Zega Investments, LLC reports $614,016,453 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Zega Investments, LLC's assets and staff changed since 2024?**
In the Form ADV data for Zega Investments, LLC: Regulatory assets under management: $508,065,847 in the October 2024 data and $614,016,453 in the October 2026 data, up 21%. Total employees: 10 in October 2024 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Zega Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (139); high net worth individuals (58); other investment advisers (27).

**Which custodians does Zega Investments, LLC use?**
Zega Investments, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Zega Investments, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/330428

**Does Zega Investments, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Although there are currently no minimum account sizes, we reserve the right to terminate your account if it becomes, in our sole opinion, too small to effectively manage."

**What changed in Zega Investments, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $548,799,511 to $614,016,453 (+12%). Added the business name Luckinbill Financial Advisors, LLC. No longer lists the business name Luckinbill Financial Advisors.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 0.5% to 1.75% a year (a range, as the brochure states it)

> Our fee for portfolio management services is based on a percentage of your assets we manage and ranges from 0.50% to 1.75% with a $1,000 minimum fee.

- Account minimum: None

> Although there are currently no minimum account sizes, we reserve the right to terminate your account if it becomes, in our sole opinion, too small to effectively manage.

- Hourly rate: $250 an hour (financial plans of moderate or high complexity)

> The hourly fee for these services is $250 for financial plans of moderate or high complexity

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $614,016,453
- Discretionary: $614,016,453
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 139 | $41,767,808 |
| High net worth individuals | 58 | $90,395,799 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 27 | $481,852,846 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2024 (2 years)
- Employees: 10 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NH, NJ, NM, NV, NY, OH, OK, SC, TN, TX, UT, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [luckinbillfinancial.com](https://luckinbillfinancial.com)
- [zegainvestments.com](https://zegainvestments.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $508,065,847 | 10 | August 2, 2024 |
| October 2025 | $548,799,511 | 10 | May 12, 2025 |
| October 2026 | $614,016,453 | 10 | March 27, 2026 |

Regulatory assets under management: $508,065,847 in the October 2024 data and $614,016,453 in the October 2026 data, up 21%.
Total employees: 10 in October 2024 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $548,799,511 to $614,016,453 (+12%).
- Added the business name Luckinbill Financial Advisors, LLC.
- No longer lists the business name Luckinbill Financial Advisors.

### December 2025
- Changed its legal name from Zega Investments to Zega Investments, LLC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Zega Investments, LLC (CRD 330428): Form ADV filing data as of October 2026.