Rick Owen Lambert

Reported Asset Values
$1.8M–$6.6M+

The data on this page comes from a financial disclosure filed by Rick Owen Lambert, who was picked to be: Senior Advisor, Department of Health & Human Services in December, 2024. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.

Roles Outside Government

Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)

OrganizationPosition heldEndnoteLine No.
Kayal Medical Group, LLCAttending Physician, 2/2023 - 1/20251
LUTNICK 2020 DESCENDANTS TRUSTAdministrative Trustee, 12/2020 - Present2
Lutnick Family TrustTrustee, 9/2010 - Present3
EML Homestead TrustTrustee, 8/2023 - Present4
Employment Assets

Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)

DescriptionValueIncomeIncome TypeEndnoteLine No.
Kayal Medical Group, LLC (Medical practice with majority ownership by a hospital system)$180KSalary1
IRA$1M - $5M2
BGC Partners, Inc. (BGCP)$1M - $5MNone (or less than $201)2.1
Newmark (NMRK)$1M - $5MNone (or less than $201)2.2
Montvale Health Associates$64,293residual income3
In-Balance Health$15,265residual income4
Compensation

Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)

OrganizationDescriptionEndnoteLine No.
Kayal Medical Group, LLCServices as Attending Physician1
Montvale Health AssociatesOwner/Medical Director and the income is residual for 2023 and 2024 as last month of business was January 20232
In-Balance HealthConsulting business ended seeing patients in December 2022 so this is residual income for 20233
Spouse’s Assets

Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)

DescriptionValueIncomeIncome TypeEndnoteLine No.
Clinilabs, Inc. (Clinical research)$12,850intermittent hourly work (1099) in a research clinic during 20241
Other Assets and Income

Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)

DescriptionValueIncomeIncome TypeEndnoteLine No.
LFA, LLC$250K - $500K$15,001 - $50,000InterestThis is a Grantor Retained Annuity Trust that is currently 100% cash1
Checking/Savings accounts #1$50,001 - $100KNone (or less than $201)2
Checking/Savings accounts #2$1,001 - $15,000None (or less than $201)3
brokerage acct4
BGC Partners, Inc. (BGCP)$250K - $500KNone (or less than $201)4.1
Newmark Group, Inc. (NMRK)$250K - $500K$15,001 - $50,000Capital Gains Dividends4.2
Liabilities

Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)

CreditorDescriptionEndnoteLine No.
AMERICAN EXPRESStype: Credit Card, amount: $10,001 - $15,000, year-incurred: 2025, rate: n/a (paid in full monthly), term: paid off monthly w/o interestI have no outstanding debt and my credit card charges are paid in full each month.1

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