Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
Bright Road Wealth Management, LLC Overview
Bright Road Wealth Management, LLC is an Anchorage-based Fee Only Registered Investment Advisory Firm that has been in business since 2020. The company offers investment advice only and provides a variety of services to its clients. Their services include financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses or institutional clients. The team at Bright Road Wealth Management, LLC believes in simplicity and transparency and believes that everyone deserves a chance to become wealthy and obtain financial security. Their services are designed to help clients achieve their financial goals and aspirations. Clients can access educational seminars and workshops to learn more about investing and financial planning. Bright Road Wealth Management, LLC offers a fee-only financial planning model, which means they do not receive commission on any of the financial products they recommend to their clients. This allows the company to prioritize the client's best interests and provide unbiased advice. The headquarters of the firm is located in Anchorage, AK, and they offer services to clients across the United States. Overall, Bright Road Wealth Management, LLC is a company that values honesty, integrity, and delivering exceptional customer support.
rate flat fee Bright Road Wealth Management, LLC is an investment advisory firm that specializes in serving a diverse range of clients. The firm caters to individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations seeking asset management and financial planning services. With a focus on building long-term relationships, Bright Road offers personalized advice and investment strategies that align with the specific goals of each client. The firm also provides tailored solutions for various financial situations, including retirement planning, tax management, and estate planning. Bright Road offers flexibility in its fee structures, with three options available depending on the services provided. For clients seeking asset management services, the firm charges a percentage of assets under management (AUM). For those who require a more focused consultation, Bright Road provides an hourly rate option. Additionally, the firm offers a flat fee for clients seeking comprehensive financial planning solutions. The fee structures ensure transparency in the pricing of services and provide clients with flexibility to select the option that best suits their needs. Bright Road Wealth Management, LLC takes pride in its commitment to serving the diverse needs of its clients and providing customized financial guidance.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Bright Road Wealth Management, LLC (BRWM) does not require a minimum account size to receive their services. Therefore, it appears that there is no investment minimum for this firm.
How This Office Can Help Matanuska-Susitna, AK Residents
Bright Road Wealth Management, LLC offers comprehensive financial planning and investment management services to clients in Matanuska-Susitna, AK. As a registered investment advisor, Bright Road provides personalized guidance and support to help individuals and families achieve their financial goals. Living in Matanuska-Susitna, AK presents unique financial challenges. With a relatively high cost of living and a lack of diversified job opportunities, residents may struggle to make ends meet. Additionally, the region's extreme weather conditions and natural disasters can pose a threat to property and financial stability. Bright Road helps clients in Matanuska-Susitna navigate these challenges by creating a customized financial plan that addresses their unique needs and goals. This may include retirement planning, investment management, tax optimization, risk management, and estate planning, among others. Regardless of their financial situation, Bright Road provides clients with the tools and guidance they need to achieve financial peace of mind.
Services Offered by Bright Road Wealth Management, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Bright Road Wealth Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Unavailable
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Bright Road Wealth Management, LLC is registered to service clients in the following states:
- Alaska
- Arizona
- California
- Colorado
- Texas
- Washington
Disciplinary History
Bright Road Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.