Bright Financial Advisors, Inc. is a large advisory firm based in Portage. It manages $227.93 million of regulatory assets for 1,899 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Colorado, Florida, and 5 other states.
Bright Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bright Financial Advisors, Inc. is $227.93 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 469% since the beginning of its operation, and $1.67 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bright Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Jeffrey James Bright is high net worth individuals with 117 clients and $152.03 million of assets under management. Among the 9 most similar advisory firms, Bright Financial Advisors has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $227.93 million for 606 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Bright Financial Advisors doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jeffrey James Bright has been acting as President since 1 Jan 1999. Andrew Michael Price joined the executive team most recently as the Chief Compliance Officer/President.
The principal office where Bright Financial Advisors, Inc. performs its advisory services is located at 450 W. Centre Avenue, Portage, MI 49024, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 269-373-2700 or by fax 269-345-5712. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at brightfinancialadvisors.com.