Brite Investments Usa, LLC

CRD#288370
Investment Advisor Firm

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Overview

Brite Investments Usa, LLC is an advisory firm headquartered in New York, New York. The firm has $36.5 million in assets under management throughout 79 client accounts. The firm has a small group, including 5 financial advisors. Brite Investments Usa, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments like bonds, stocks and options.

Brite Investments Usa, LLC administers zero of the company's accounts on a discretionary basis. Discretionary management means that transaction judgments are made by an investment advisor without needing to seek the customer's consent. The company also oversees 79 non-discretionary accounts with a total of $36.5 million in AUM. The company oversees roughly $461,674 for every customer account. The typical advisor at Brite Investments Usa, LLC administers around 16 client accounts, making it one of the more individualized advisor firms in the country.

Brite Investments Usa, LLC's headquarters is located at 12 East 49Th Street, New York, New York 10017. It is legally allowed to serve investors throughout a few states, including California, Connecticut, Florida, New Hampshire, New York, North Carolina, Texas and Washington.

Assets Under Management

$36.5 million

Number of Advisors

5

Disclosures

No

Office Location

12 East 49Th Street
New York, NY 10017

Brite Investments Usa, LLC by the Numbers

Total Assets Under Management

$36.5 million

National Average: $8.6 billion
Total Number of Employees

7

National Average: 64
Total Number of Accounts

79

National Average: 375,227
Average Account Size

$461.7 thousand

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors usually are based on which services the firm provides the client. Fees billed by the company most likely consist of the following fee types: asset-based or fixed. Brite Investments Usa, LLC does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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 32% 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 21% 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 1% 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 26% 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 0% 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 10% 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 79 clients, Brite Investments Usa, LLC's largest client type by number of accounts is retail investors, although it also manages money for 13 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered 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* - 16.46%
  • Other Individuals - 83.54%
  • 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

Brite Investments Usa, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Brite Investments Usa, LLC

Angela Henriques
New York, NY
Adrian Flambard
Sandyport,
Derek Wilson
Guanajuato,
Richard Lissenden
New York, NY
Andrew Melville
New York, NY

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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