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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

LUCAS GROUP FINANCIAL ADVISORS, LLC

CRD 326880

FREEPORT, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:542733af-bf80-2190-2f42-17b46c8383ba

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 11:25 AM UTC and rebuilt at most every 15 minutes.

Relationships: 11
Dated events: 5
On other graphs: 0
Observed: Nov 8, 2024 to Mar 30, 2026
6 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $338MItem 5.F on the latest filing (2026-03-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $292M
Private client RAUM: $326MderivedItem 5.D individuals plus high net worth individuals
Private client share: 96%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 7
RAUM per advisor: $48.2Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 9
Advisory employees: 7
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 1,176
Individual clients: 340
High net worth clients: 76
Custody, client assets: $97.4M
SEC number: 801-131602
CRD: 326880
Filings on the tape: 6
First filed: Nov 8, 2024
Latest filed: Mar 30, 2026
Organised: Limited Liability Company, IL
Website: lucasgroupfinancial.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
MICHAEL EDWARD SULLIVAN	Certified Financial Planner	FREEPORT, IL \| ROCKFORD, IL	2	32	3	no
JEFFERY PAUL WALLEM	Certified Financial Planner	FREEPORT, IL \| ROCKFORD, IL	2	32	2	no
LUCAS ARTHUR BEGGIN	Certified Financial Planner	FREEPORT, IL	1	16	2	no
KATHERINE ALICIA DOWNING	Certified Financial Planner	ROCKFORD, IL \| FREEPORT, IL	1	12	2	no
Todd Thomas Reno	n/a	ROCKFORD, IL \| FREEPORT, IL	1	10	1	no
ANDREW LEE STEWART	n/a	FREEPORT, IL	1	10	2	no
Aaron Scibona	n/a	FREEPORT, IL \| Ankeny, IA	1	15	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
SULLIVAN, MICHAEL, EDWARD	CO-OWNER \| CHIEF COMPLIANCE OFFICER	D	yes	05/2023	Nov 8, 2024	Nov 8, 2024
WALLEM, JEFFERY, PAUL	CO-OWNER \| DIRECTOR	D	yes	05/2023	Nov 8, 2024	Nov 8, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 30, 2026	$338M	$292M	9	7	2	n/a	n/a
2024	Feb 7, 2025	$118M	$82.2M	2	2	0	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	6	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$338M	$118M	185.5%	n/a	n/a	9	2	2	0

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
REGAL INVESTMENT ADVISORS LLC	4	Oct 7, 2025	Aug 25, 2025	ROCKFORD, IL	Team lift out	Ibd to RIA	3.7%
CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.	2	Jan 12, 2024	Jan 12, 2024	LOVES PARK, IL	Team lift out	Ibd to RIA	0.1%

Relationships

Registered with (7)

← Aaron ScibonaAdvisorregistration: current employment
Aug 26, 2025 to presentfactForm ADV
← Todd Thomas RenoAdvisorregistration: current employment
Aug 25, 2025 to presentfactForm ADV
← ANDREW LEE STEWARTAdvisorregistration: current employment
Aug 25, 2025 to presentfactForm ADV
← LUCAS ARTHUR BEGGINAdvisorregistration: current employment
Aug 22, 2025 to presentfactForm ADV
← KATHERINE ALICIA DOWNINGAdvisorregistration: current employment
Aug 22, 2025 to presentfactForm ADV
← MICHAEL EDWARD SULLIVANAdvisorregistration: current employment
Jan 12, 2024 to presentfactForm ADV
← JEFFERY PAUL WALLEMAdvisorregistration: current employment
Jan 12, 2024 to presentfactForm ADV

Moved with (2)

← REGAL INVESTMENT ADVISORS LLCRegistered adviser4 advisors, team lift out, same day
Oct 7, 2025 to Aug 25, 2025factForm ADV
← CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.Registered adviser2 advisors, team lift out, same day
Jan 12, 2024 to Jan 12, 2024factForm ADV

Controls (2)

← SULLIVAN, MICHAEL, EDWARDOwnerCO-OWNER | CHIEF COMPLIANCE OFFICER, ownership code D, individual
Nov 8, 2024 to Nov 8, 2024factForm ADV
← WALLEM, JEFFERY, PAULOwnerCO-OWNER | DIRECTOR, ownership code D, individual
Nov 8, 2024 to Nov 8, 2024factForm ADV

Dated events

1 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Oct 7, 2025
Team lift-out
4 advisors left Regal Investment Advisors LLC (Rockford, IL) for Lucas Group Financial Advisors, LLC on the same day
Form ADVobserved 5 days ago
4 advisors
Occurred
Aug 20, 2025
Regulatory AUM changed
Lucas Group Financial Advisors, Llc reported RAUM $324.8M, up 175% from $118.3M (2025-02-07 to 2025-08-20)
Form ADVobserved 5 days ago
$206M
Occurred
Nov 8, 2024
First Form ADV filing
Wallem Associates, Inc. filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago
Occurred
Jan 12, 2024
Team lift-out
2 advisors left Cambridge Investment Research Advisors, Inc. (Belvidere, IL) for Lucas Group Financial Advisors, LLC on the same day
Form ADVobserved 5 days ago
2 advisors

Show 1 bookkeeping events

First seen by DFX
Sep 19, 2026
date not stated
Aaron Scibona no longer holds an investment adviser registration (last listed at Lucas Group Financial Advisors, Llc on the 2026-09-18 feed)

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:542733af-bf80-2190-2f42-17b46c8383ba
First observed: Nov 8, 2024
Last observed: Mar 30, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

LUCAS GROUP FINANCIAL ADVISORS, LLC

CRD 326880

FREEPORT, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:542733af-bf80-2190-2f42-17b46c8383ba

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 11:25 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MICHAEL EDWARD SULLIVAN

Certified Financial Planner

FREEPORT, IL | ROCKFORD, IL

JEFFERY PAUL WALLEM

Certified Financial Planner

FREEPORT, IL | ROCKFORD, IL

LUCAS ARTHUR BEGGIN

Certified Financial Planner

FREEPORT, IL

KATHERINE ALICIA DOWNING

Certified Financial Planner

ROCKFORD, IL | FREEPORT, IL

Todd Thomas Reno

n/a

ROCKFORD, IL | FREEPORT, IL

ANDREW LEE STEWART

n/a

FREEPORT, IL

Aaron Scibona

n/a

FREEPORT, IL | Ankeny, IA

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

SULLIVAN, MICHAEL, EDWARD

CO-OWNER | CHIEF COMPLIANCE OFFICER

yes

05/2023

Nov 8, 2024

WALLEM, JEFFERY, PAUL

CO-OWNER | DIRECTOR

yes

05/2023

Nov 8, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 30, 2026

$338M

$292M

n/a

2024

Feb 7, 2025

$118M

$82.2M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$338M

$118M

185.5%

n/a

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

REGAL INVESTMENT ADVISORS LLC

Oct 7, 2025

Aug 25, 2025

ROCKFORD, IL

Team lift out

Ibd to RIA

3.7%

CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.

Jan 12, 2024

LOVES PARK, IL

Team lift out

Ibd to RIA

0.1%