Lighthouse Financial Management, LLC

CRD#127748
Investment Advisor Firm

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Learn more about Lighthouse Financial Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Lighthouse Financial Management, LLC operates as an advisory company that has its headquarters in Westerly, Rhode Island. The company controls $158.1 million in total assets over 462 customer accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The firm has a small team, including 3 financial advisors. Lighthouse Financial Management, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as options, stocks and bonds.

    Lighthouse Financial Management, LLC oversees the majority of the company's client assets on a discretionary basis. Discretionary management means that an investment advisor makes transaction choices without needing to seek client approval. The company also manages two non-discretionary accounts totaling $406,596 in assets. The investment advisory firm's average account size is $342,183. An average financial advisor at Lighthouse Financial Management, LLC administers about 154 client accounts.

    The company's main office is at 85 Beach Street, Westerly, Rhode Island 2891. The company is legally allowed to serve investors across a number of states, including Connecticut, Florida, Louisiana, Massachusetts, New Hampshire and Rhode Island.

    Assets Under Management

    $158.1 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    85 Beach Street
    Westerly, RI 02891

    Lighthouse Financial Management, LLC by the Numbers

    Total Assets Under Management

    $158.1 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    462

    National Average: 375,227
    Average Account Size

    $342.2 thousand

    National Average: $23.0 thousand
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    Products and Services

    Lighthouse Financial Management, LLC offers a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. In the last financial year, it provided 101-250 of its customers with financial planning services. It is not engaged in selling products or offering services apart from investment advisory services to its investment advisory customers. The company is affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm.

    Core Advisor Services

    • Offered by 31% 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 46% 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

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    Fee Structure

    Fees for financial advisory services typically vary depending on the financial services offered. Fee types billed by Lighthouse Financial Management, LLC most likely consist of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Lighthouse Financial Management, LLC.

    Available

    • Offered by 69% 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 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 company provides services to retail investors, high net worth investors and pooled investment vehicles. Out of its 462 clients, Lighthouse Financial Management, LLC's largest client group is retail investors, although it also manages money for 50 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $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* - 42.02%
    • Other Individuals - 57.14%
    • Corporations - 0.84%
    • 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

    Lighthouse Financial Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Lighthouse Financial Management, LLC

    Maureen Poplaski
    Westerly, RI
    Aaron Wade
    Westerly, RI
    Stephen Poplaski
    Westerly, RI

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