Bridgelight Capital LLC

CRD#154920
Investment Advisor Firm

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Overview

Bridgelight Capital LLC operates as a financial advisory company headquartered in Scottsdale, Arizona. It has $229.4 million in total assets across 905 accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). Bridgelight Capital LLC has a small group of 11 employees, seven of whom are financial advisors. Bridgelight Capital LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as options, stocks and bonds.

Bridgelight Capital LLC administers some of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction decisions without requiring client consent. It also manages 539 non-discretionary accounts with a total of $140.5 million in assets under management. The investment advisory firm's typical account size is $253,460. The average financial advisor at Bridgelight Capital LLC manages around 129 client accounts.

The company's central office is located at 20645 N. Pima Road, Scottsdale, Arizona 85255. It is allowed to provide services to customers throughout 6 states, including Arizona, California, Nebraska, New Hampshire, Texas and Utah.

Assets Under Management

$229.4 million

Number of Advisors

7

Disclosures

No

Office Location

20645 N. Pima Road
Scottsdale, AZ 85255

Bridgelight Capital LLC by the Numbers

Total Assets Under Management

$229.4 million

National Average: $3.3 billion
Total Number of Employees

11

National Average: 31
Total Number of Accounts

905

National Average: 1,935
Average Account Size

$253.5 thousand

National Average: $1.7 million

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Products and Services

Bridgelight Capital LLC provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. Notably, the firm did not provide financial planning services to any of its accounts in the prior fiscal year. It is not engaged in selling products or offering services apart from investment advisory services to its investment advisory customers. The firm is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and real estate broker or dealer.

Core Advisor Services

  • Offered by 44% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors depend on the type of financial services offered. However, fee types charged by the company can include the following fee types: asset-based or fixed. The company participates in a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It provides services to retail investors and high net worth investors. Out of its 905 accounts, Bridgelight Capital LLC's biggest client group is retail investors, though it also serves 115 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 26.2%
  • Other Individuals - 73.8%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Bridgelight Capital LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Bridgelight Capital LLC

Kenneth Blackburn
Scottsdale, AZ
Elyssa Baltazar
Scottsdale, AZ
Christy Pater Schmitt
Scottsdale, AZ
Shaun Bracken
Scottsdale, AZ
Gary Stringer
Scottsdale, AZ

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This content was compiled from the SEC and FINRA