Bright Futures Wealth Management, LLC is a large advisory firm based in Pittsford. It manages $156 million of regulatory assets for 864 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Georgia, and 11 other states.
Bright Futures Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bright Futures Wealth Management, LLC is $156 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 487% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Bright Futures Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bright Futures Wealth Management is individuals with 405 clients and $81.93 million of assets under management. Among the 9 most similar advisory firms, Bright Futures Wealth Management has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $156 million for 481 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Bright Futures Wealth Management doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 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.
The principal office where Bright Futures Wealth Management, LLC performs its advisory services is located at 2850 Clover Street, Pittsford, NY 14534, which is also the mailing address of the firm. An additional office of the firm is in Rockville, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (585) 231-1595 or by fax (585) 231-1589. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at brightftr.com.