Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Brightpath Wealth Planning, LLC Overview
Brightpath Wealth Planning, LLC is a fee only investment advisory firm founded in 2021 with its headquarters located in Camarillo, CA. As an investment advice only firm, it provides financial planning, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisors to its clients. With a focus on fee only arrangements, Brightpath Wealth Planning, LLC seeks to provide unbiased investment advice that is not influenced by commission or other incentives. Its services are tailored to meet the specific needs of its clients and help them achieve their financial goals. Whether it's planning for retirement, managing investments, or consulting on pensions, Brightpath Wealth Planning, LLC is committed to providing its clients with sound financial advice that is backed by years of experience in the industry and a strong focus on client satisfaction.
BRIGHTPATH WEALTH PLANNING, LLC is dedicated to providing top-quality financial planning services to a diverse range of clients. Their clientele includes individuals seeking to enhance their financial wellbeing, high net worth individuals seeking advanced wealth management, and pension or profit sharing plans aiming to optimize their investments. BRIGHTPATH WEALTH PLANNING, LLC understands that each client's needs are unique, and therefore they offer a variety of fee structures to suit their clients' demands. Clients can choose between percentage of AUM, hourly, or fixed fees, depending on the services they require. The percentage of AUM fee structure typically charges a percentage of the client's assets under management, and is often used for investment management services. Hourly fee structures, as the name suggests, charge a set hourly rate for financial planning and consultation services. Fixed fees, on the other hand, charge a predetermined amount for specific services, such as tax planning or estate planning. At BRIGHTPATH WEALTH PLANNING, LLC, clients can rest assured that they will find a fee schedule that conforms to their financial goals and preferences.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of BrightPath Wealth Planning, LLC, the firm does not mention any specific investment minimum. Therefore, it can be assumed that the firm does not impose a minimum investment requirement for their services. However, potential clients are advised to review the firm's Form ADV, which may contain additional information on investment minimums.
How This Office Can Help Camarillo, CA Residents
BrightPath Wealth Planning, LLC offers tailored financial planning services to clients in Camarillo, CA, helping them navigate the various financial challenges they may face. Camarillo is a growing community, home to a mix of families, retirees, and working professionals. BrightPath provides financial guidance to help individuals in each of these groups meet their specific financial goals. For families, BrightPath can assist with college funding, estate planning, and retirement savings strategies. Retirees often need guidance with retirement income planning, Social Security optimization, and long-term care planning. Working professionals may need help with budgeting, debt management, and investment planning. By offering customized financial solutions tailored to each client’s unique situation, BrightPath Wealth Planning, LLC can help Camarillo residents achieve financial peace of mind.
Services Offered by Brightpath Wealth Planning, 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 Brightpath Wealth Planning, 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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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
Brightpath Wealth Planning, LLC is registered to service clients in the following states:
- California
Disciplinary History
Brightpath Wealth Planning, LLC does not have any disclosures. Please visit it's Form ADV for more details.