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Lucia Capital Group names Bruton new CEO

San Diego-based Lucia Capital Group announced Thursday that Derek Bruton, former managing director of independent adviser services at LPL Financial (Nasdaq: LPLA), has been named CEO.

In his new role, Bruton will oversee Lucia's multiple functions including acquisitions, business integration and adviser relations.

Lucia has more than 70 employees and, through its subsidiaries and affiliates, oversees approximately $2.3 billion of client assets, as well as 16 branch office locations nationwide.

Lucia's RJL Capital Management LLC manages the publicly-traded Multi-Strategy Growth & Income Fund (Nasdaq: MSFDX). As of the end of 2013, client assets managed by RJL Wealth Management totaled $201.4 million in discretionary accounts and $189.78 million in non-discretionary accounts. In addition, Lucia's investment adviser representatives, in their separate capacities as Lucia Securities-registered representatives, oversee more than $1.66 billion in assets in non-discretionary, traditional commission-based accounts.

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