Lexington Wealth Management

Investor Summary

Founded in 2000 by Michael Tucci (CEO) and Kristine Porcaro (President), Lexington Wealth Management has grown from a Massachusetts-based wealth management firm to a $2.4 billion AUM operation as part of the Hightower Advisors network. The founders have demonstrated significant business acumen through strategic acquisitions, completing three major transactions between 2021-2022 that more than doubled their assets under management. Both founders have received industry recognition, including the 2018 Boston Five Star Wealth Managers award, and the firm was named a Barron's Top 100 RIA for 2024.

Fund Strategy

Lexington Wealth Management follows a philosophy of 'Connecting the Head and Heart of Wealth Management.' They emphasize that they don't leave clients with generic questionnaires that lead to generic investment plans, but instead sit with clients from the beginning and serve as partners in open conversations about what clients want their money to do for them. Their approach involves thorough analysis of clients' lifestyles and goals to build flexible, responsive portfolios aimed at wealth growth, preservation, and efficient transfer, incorporating tax-saving strategies and wealth optimization.

ANNUALIZED SINCE INCEPTION	QUARTERLY	YTD
-	-	-

Date	Letter	Tickers	Keywords	Pitches	Quick Takes
Jan 23 2026	2025 Q4	-	-	-	The commentary stresses diversification as the central investment theme following years of concentrated market leadership and elevated volatility. A shift toward growth at a reasonable price, improving international equity performance, easing inflation, and declining interest rates supported both equity and bond returns. The firm underscores discipline, patience, and global diversification as essential to navigating policy uncertainty and late-cycle dynamics.
Oct 1 2025	2025 Q3	-	AI, asset allocation, diversification, Fed policy, rebalancing, Valuations	-	The commentary highlights a diversified, risk-aware portfolio construction approach amid elevated valuations and macro uncertainty. Emphasis is placed on balancing growth exposure with income and downside protection through asset allocation discipline. Balanced investing is positioned as a pragmatic way to preserve and grow capital across market regimes.
Apr 11 2025	2025 Q1	-	-	-
Jan 10 2025	2024 Q4	-	-	-
Oct 15 2024	2024 Q3	-	-	-
Jul 12 2024	2024 Q2	-	-	-
Apr 11 2024	2024 Q1	-	-	-
Oct 1 2023	2023 Q3	-	-	-
Jul 11 2022	2022 Q2	-	-	-

Date

Letter

Tickers

Keywords

Pitches

Quick Takes

Jan 23 2026

2025 Q4

The commentary stresses diversification as the central investment theme following years of concentrated market leadership and elevated volatility. A shift toward growth at a reasonable price, improving international equity performance, easing inflation, and declining interest rates supported both equity and bond returns. The firm underscores discipline, patience, and global diversification as essential to navigating policy uncertainty and late-cycle dynamics.

Oct 1 2025

2025 Q3

AI, asset allocation, diversification, Fed policy, rebalancing, Valuations

The commentary highlights a diversified, risk-aware portfolio construction approach amid elevated valuations and macro uncertainty. Emphasis is placed on balancing growth exposure with income and downside protection through asset allocation discipline. Balanced investing is positioned as a pragmatic way to preserve and grow capital across market regimes.

Apr 11 2025

Jan 10 2025

Oct 15 2024

Jul 12 2024

Apr 11 2024

Oct 1 2023

Jul 11 2022

QUARTER	THEMES	TAGS
2025 Q3	AI AI has been integrated into RGA's research process through tools like NotebookLM, Gems in Gemini, and Claude Code. The firm views AI as a force multiplier for human judgment rather than a replacement, emphasizing the Kasparov Law principle. They believe the market narrative around AI displacement is swinging to unhelpful extremes, creating investment opportunities.	Machine Learning Automation Software Productivity Innovation
	Rates Federal Reserve resumed rate-cutting cycle with first cut since December 2024, signaling resumption of easing. Expected three cuts of 25bps between now and first quarter 2026 as Fed responds to signs of weakness in US labor market.	Fed Monetary Policy Labor Market Easing Liquidity
	Valuations Equity valuations remain elevated with the S&P 500 trading near 23x forward earnings, well above its long-term average of 15.6x. High valuations may increase market sensitivity to earnings disappointments and tend to constrain longer-term returns, reinforcing the importance of selectivity.	Multiples Premium Earnings Risk Selectivity

QUARTER

THEMES

AI

AI has been integrated into RGA's research process through tools like NotebookLM, Gems in Gemini, and Claude Code. The firm views AI as a force multiplier for human judgment rather than a replacement, emphasizing the Kasparov Law principle. They believe the market narrative around AI displacement is swinging to unhelpful extremes, creating investment opportunities.

Machine Learning Automation Software Productivity Innovation

Rates

Federal Reserve resumed rate-cutting cycle with first cut since December 2024, signaling resumption of easing. Expected three cuts of 25bps between now and first quarter 2026 as Fed responds to signs of weakness in US labor market.

Fed Monetary Policy Labor Market Easing Liquidity

Valuations

Equity valuations remain elevated with the S&P 500 trading near 23x forward earnings, well above its long-term average of 15.6x. High valuations may increase market sensitivity to earnings disappointments and tend to constrain longer-term returns, reinforcing the importance of selectivity.

Multiples Premium Earnings Risk Selectivity

Date	Pitch Type	Author	Ticker	Company	Industry	Sub Industry	Bull / Bear	Exchange	Keywords	Action
No Elevator Pitches found

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No Elevator Pitches found

TICKER	COMMENTARY
No ticker commentary found.

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No ticker commentary found.

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No Recent Buys Data

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No Recent Buys Data

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Industry	Prev Quarter %	Current Quarter %	Change
No industry data available

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No industry data available

Bruce Thompson

Lexington Wealth Management

Investment Summary

Investor Summary

Fund Strategy

FUND PERFORMANCE AS OF 31st December 2025

Investor Letters

Latest Executive Summary:

Executive Summary

Core Thesis

Forward Outlook

Investment Themes

AI

Rates

Valuations

Investor Pitches

Current Portfolio as of ( 31st December 2025 )

Key Risks identified by Manager:

Key catalysts include:

Portfolio Implications

Ticker Commentary

Bruce Thompson Top Holdings

Recent Buys (13F)

Recent Sells (13F)

13F Sector Summary

Portfolio Distribution

Latest 13D & 13G Filings

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Lexington Wealth Management