Description of Services and Fees Joseph P. Lucia & Associates, LLC is a registered investment adviser based in Yorktown Heights, New York. We are organized as a limited liability company under the laws of the State of New York. We have been providing investment advisory services since 2008. Joseph P. Lucia is the Managing Principal and Chief Compliance Officer of our firm.
The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Joseph P. Lucia & Associates, LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
We are an independent financial adviser that provides wealth management services by incorporating financial planning, investment portfolio management, insurance planning, and estate planning. The combination of industry experience and comprehensive research allows our firm to provide quality advisory services to our clients tailored to their individual needs and circumstances.
Portfolio Management Services We offer discretionary management services to our clients and prospective clients. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information (the "suitability information") at the beginning of our advisory relationship. We will use the suitability information we gather from our initial meeting to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. Once we construct an investment portfolio for you, we will monitor your portfolio's performance on an ongoing basis, and will re-balance the portfolio as required by changes in market conditions and in your financial circumstances.
Generally, our clients grant us discretionary authority over the transactions in their accounts. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm, a power of attorney, or trading authorization forms.
Clients who executed a Non-Discretionary Investment Advisory Contract for portfolio management services prior to January 1, 2020 are grandfathered and will remain on the agreement in effect.
Our current fee for portfolio management services is based on a percentage of your assets we manage and is set forth in the following fee schedule: Assets Under Management Annual Fee $1 to $500,000 1.50% $500,001 to $2,000,0001.25% $2,000,001 to $5,000,000 1.00% $5,000,001 to $10,000,000 0.85% Above $10,000,000 0.75% 4 Our annual portfolio management fees are billed and payable quarterly in arrears. For most accounts, the fees are calculated based on an average daily balance. However, for certain accounts the fees are calculated based on the value of the account on the last day of the previous quarter. If the portfolio management agreement is executed at any time other than the first day of a calendar quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in proportion to the number of days in the quarter for which you are a client. Our advisory fee is negotiable, depending on individual client circumstances.
At our discretion, we may combine the account values of family members living in the same household to determine the applicable advisory fee. For example, we may combine account values for you and your minor children, joint accounts with your spouse, and other types of related accounts. Combining account values may increase the asset total, which may result in your paying a reduced advisory fee based on the available breakpoints in our fee schedule stated above.You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing.
We will deduct our fee directly from your account through the qualified custodian holding your funds and securities. We will deduct our advisory fee only when the following requirements are met:
•You provide our firm with written authorization permitting the fees to be paid directly from your account held by the qualified custodian.

•We send you a fee statement showing the amount of the fee, the value of the assets on which the fee is based, and the specific manner in which the fee was calculated.

•The qualified custodian agrees to send you a statement, at least quarterly, indicating all amounts dispersed from your account including the amount of the advisory fee paid directly to our firm.
We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you find any inconsistent information between our invoice and the statement(s) you receive from the qualified custodian, please call our main office number located on the cover page of this brochure.
You may terminate the portfolio management agreement upon notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the portfolio management agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for which you are a client. Because fees are charged in arrears, no refund policy is necessary.
Financial Planning and Consulting Services We offer financial planning and consulting services. Financial planning will typically involve providing a variety of advisory services to clients regarding the management of their financial resources based upon an analysis of their individual needs. Consulting services primarily involves advising clients on specific financial-related topics through periodic discussions with the client as needed. Financial planning and consulting may include, but are not limited to life insurance; tax concerns; retirement planning; investment planning; college planning; and debt/credit planning. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. Once we review and analyze the information you provide to our firm, we present you with a strategy designed to help you achieve your stated financial goals and objectives.
Financial plans and consultations are based on the financial information you provide to our firm at the time we present the strategy and/or provide advice to you. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
5 You are under no obligation to act on our recommendations. Should you choose to act on any of our recommendations, you are not obligated to implement the recommendations through any of our other investment advisory services. Moreover, you may act on our recommendations

by placing securities transactions with any brokerage firm.
We charge a fixed fee for financial planning services, which generally ranges from $500 to $10,000. The fixed fee for consulting services will vary depending on the nature of the advice requested. Additionally, all financial planning and consulting fees are negotiable depending upon the complexity and scope of the plan, your financial situation, your objectives, and the estimated time needed to provide the agreed upon services.
Consulting services are also offered on an on-going annual basis for a fixed fee, which generally ranges from $500 - $5,000 annually. As part of this annual retainer program, we will generally establish a regular planning cycle to work with you in managing specific aspects of the overall financial plan that are unique to your situation. Additionally, we may meet with your other professional advisers (financial, legal, real estate, tax, etc.) for a series of information gathering and/or implementation meetings. We will act as a project manager to coordinate the work of the appropriate parties in a manner consistent with your long-term desired outcome. As your financial situation, goals, objectives, or needs change, you must promptly notify us.
Generally, we require that you pay 25% of the agreed upon planning and/or consulting fee in advance, with the remaining portion due in 25% installments every three months thereafter. Payments are due on the first day of the relevant billing period. Limited scope general consulting fees may be payable upon completion of the consultation as agreed upon on a case-by-case basis. In any case, we do not require prepayment of a fee more than six months in advance and in excess of $1,200.
You may terminate financial planning and/or consulting services upon notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the agreement. If you have pre- paid financial planning and/or consulting fees that we have not yet earned, you will receive a prorated refund of those fees.
Selection of Other Advisers We may recommend that you use the services of a third party money manager ("TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about your financial situation and objectives, we may recommend that you engage a specific TPMM or investment program. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: the TPMM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will monitor the TPMM(s)' performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The TPMM(s) will actively manage your portfolio and will assume discretionary investment authority over your account. We will assume discretionary authority to hire and fire TPMM(s) and/or reallocate your assets to other TPMM(s) where we deem such action appropriate We do not charge you a separate fee for the selection of other advisers. We will share in the advisory fee you pay directly to the TPMM. The advisory fee you pay to the TPMM is established and payable in accordance with the brochure provided by each TPMM to whom you are referred. These fees may or may not be negotiable. Our compensation may differ depending upon the individual agreement we have with each TPMM. As such, a conflict of interest exists where our firm or persons associated with our firm has an incentive to recommend one TPMM over another TPMM with whom we have more favorable compensation arrangements or other advisory programs offered by TPMMs with whom we have less or no compensation arrangements.
6 You may be required to sign an agreement directly with the recommended TPMM(s). You may terminate your advisory relationship with the TPMM according to the terms of your agreement with the TPMM. You should review each TPMM's brochure for specific information on how you may terminate your advisory relationship with the TPMM and how you may receive a refund, if applicable. You should contact the TPMM directly for questions regarding your advisory agreement with the TPMM.
Types of Investments We offer advice on equity securities (including exchange listed securities, over-the-counter securities, exchange traded funds, and foreign issuers, such as American Depository Receipts), warrants, corporate debt and municipal securities (bonds), commercial paper, certificates of deposit, investment company securities (including variable life insurance, variable annuities, and mutual fund shares), money markets, real estate investment trusts ("REITs"), US Government securities, options contracts on securities and commodities, futures (intangibles and tangibles), and interest in partnerships investing in real estate, oil and gas interests, and other pooled investments.
Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
Wrap Fee Programs We do not participate in wrap fee programs.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from an ERISA account to an account that we manage or provide investment advice to, because the assets increase our Assets Under Management and, in turn, our advisory fees. In contrast, we receive less, or no, compensation if assets remain in the current plan or are rolled over to another Company's plan in which you may participate.
7 Assets Under Management As of February 15, 2023, we provide continuous management services for $247,287,657 in client assets on a discretionary basis, and $47,208,030 in client assets on a non-discretionary basis.