Bridgelight Capital LLC

CRD#154920
Investment Advisor Firm

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Overview

Bridgelight Capital LLC operates as an advisory firm based in Scottsdale, Arizona. Bridgelight Capital LLC has $229.4 million in total assets throughout 905 accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). The company has a small group of 11 employees, of which seven are financial advisors. Bridgelight Capital LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like options, stocks and bonds.

Bridgelight Capital LLC administers some of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes transaction judgments without requiring client consent. It also administers 539 non-discretionary accounts with a total of $140.5 million in assets. The company's typical account size is $253,460. Under $100,000 of its investments for financial planning services were in securities, with under $100,000 invested in non-securities. The average financial advisor at Bridgelight Capital LLC manages around 129 client accounts.

The company's main office is located at 20645 N. Pima Road, Scottsdale, Arizona 85255. The company is legally permitted to provide services to investors across 3 states, including Arizona, California and Utah.

Assets Under Management

$229.4 million

Number of Advisors

7

Fee Structure

Asset-based, Fixed

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: 4,943
Total Number of Accounts

905

National Average: 2,522
Average Account Size

$253.5 thousand

National Average: $1.3 million

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Products and Services

Bridgelight Capital LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. Notably, the company did not provide financial planning services to any of its customers in the last fiscal year. The firm is not involved in selling products or offering services other than investment advice to its investment advisory accounts. The company is also 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 45% 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 63% of firms

    Portfolio Management

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

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    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

Financial management fees largely are based on which services the firm provides the client. However, fee types charged by the firm likely include the following fee types: asset-based or fixed. The firm does participate in a wrap fee program, in which the company offers a bundle of services for a single fee. Bridgelight Capital LLC has the ability to withdraw the fees directly from customer accounts.

Available

  • Offered by 75% 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 40% 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 37% 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 3% 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

The firm works with retail investors and high net worth investors. Out of its 905 customers, Bridgelight Capital LLC's biggest client is retail investors, although it also caters to 115 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by 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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This content was compiled from the SEC and FINRA