Pathlight Investors, LLC (Phoenix)

Name: Pathlight Investors, LLC
Address: 3131 East Camelback Road, Phoenix, AZ, 85016
Telephone: 602-795-7600

Pathlight Investors, LLC is a large advisory firm based in Phoenix. It manages $282.89 million of regulatory assets for 797 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Pathlight Investors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and automated advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pathlight Investors: assets under management

The assets under management (AUM) of Pathlight Investors, LLC is $282.89 million. The firm's AUM has grown by 128% since the beginning of its operation, and $250 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $258.83 million in discretionary accounts and $24.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $334.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1 million.

Pathlight Investors has custody of $57.11 million in cash and securities for 152 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pathlight Investors, LLC for their services and products based on a percentage of assets under management, hourly charges, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pathlight Investors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pathlight Investors is high net worth individuals with 69 clients and $132.36 million of assets under management. Among the 7 most similar advisory firms, Pathlight Investors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $281.46 million for 795 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.

Pathlight Investors doesn't advise any private funds.

Careers at Pathlight Investors, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Martin John Nodilo	Managing member	1 Nov 2009	25% - 50%	3098670
Patsy Lee (Hatch) Nodilo	Managing member/chief compliance officer	1 Nov 2009	50% - 75%	1253661
Adrian Jennings Larson	Member	1 Nov 2009	Other	3098721

Based in Phoenix

The principal office where Pathlight Investors, LLC performs its advisory services is located at 3131 East Camelback Road, Phoenix, AZ 85016, 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 602-795-7600 or by fax 602-795-7601. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at pathlightinvestors.com/ and its LinkedIn profile.