Bonfire Financial

Retirement Planning Firm in Colorado Springs, CO

Firm Info
Address: 2 N Nevada Ave Suite 1170, Colorado Springs, CO 80903, USA
Phone: (719) 394-3900

Firm Size
Assets Under Management: $151.2 million
# of Advisors: 3
# of Clients: 525
Client to Advisor Ratio: 175:1
Average Account Size: $287,941
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Pension Consulting Services

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
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Bonfire Financial, LLC Overview

Bonfire Financial, LLC is a registered investment advisory firm that provides investment advice only. Since its establishment in 2020, the firm has been headquartered in the beautiful city of Colorado Springs, CO. As a Fee Only firm, Bonfire charges clients a flat fee based on the assets under its management, eliminating conflicts of interest and providing transparent and objective advice. Bonfire Financial offers a range of financial services to support the investment needs of individuals and small businesses. Whether clients are seeking financial planning services, portfolio management, or pension consulting, Bonfire has a team of experienced financial professionals who can guide them on their investment journey. The firm's investment approach is tailored to each individual client, ensuring that every investment decision is grounded in their unique investment objectives. At Bonfire Financial, LLC, the team is dedicated to delivering the highest quality of service to its clients. With its commitment to fee-only financial advice, the firm is well-positioned to help clients build investment portfolios that align with their financial goals. The company's financial advisors understand that every client has different financial needs and work hard to provide customized investment plans that fit those needs. With Bonfire Financial's expertise in financial planning, portfolio management, and pension consulting, clients can feel confident about their investment decisions.

BONFIRE FINANCIAL, LLC is a financial advisory firm that caters to a wide range of clients. From individuals to high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporate types not listed, BONFIRE FINANCIAL, LLC serves them all. The firm's team of experts work closely with each client to understand their financial goals, create a customized plan, and ensure that their financial needs are met. BONFIRE FINANCIAL, LLC offers fee structures depending on the services provided. The firm offers a percentage of assets under management (AUM) fee structure, which is based on a percentage of the client's total assets managed by the firm. The firm also offers an hourly fee structure, where clients pay a fee per hour of consultation or service provided. For clients who prefer a fixed fee structure, BONFIRE FINANCIAL, LLC has options available. These fees are fixed and will depend on the services required by the client. Overall, these flexible fee structures allow clients to choose a payment structure that best suits their needs, ensuring a transparent and fair payment process.

Typical Clients, Fee Structures & Investment Minimum

According to the note in Bonfire Financial, LLC's Part 2 Brochure regarding investment minimums, there is no minimum initial account value required. However, there is a minimum investment of $5,000 to open an account in the automated investment program. Additionally, clients must have a minimum account balance of $50,000 to enroll in the tax-loss harvesting feature.

How This Office Can Help Colorado Springs, CO Residents

Bonfire Financial is a financial planning firm located in Colorado Springs, CO that assists clients in achieving their financial goals. The firm offers a range of services, including retirement planning, investment management, and insurance solutions. Bonfire Financial takes a comprehensive approach to financial planning, taking into account a client's current financial situation, future goals, and risk tolerance. Many clients in Colorado Springs face unique financial challenges such as planning for unexpected medical expenses, high living costs, and volatile market conditions. Bonfire Financial provides personalized financial planning that takes these factors into account, ensuring that each client's financial plan is tailored to their specific needs. With years of experience, Bonfire Financial has built a reputation for helping clients achieve their financial goals through smart investing, risk management, and expert guidance.

To view the Minimum Investment and Fee Schedule for Bonfire Financial, LLC, visit their Part 2 Brochure.

Services Offered by Bonfire Financial, 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 Bonfire Financial, 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)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

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

Firm location 2 N Nevada Ave Suite 1170, Colorado Springs, CO 80903, USA
Phone (719) 394-3900
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

This firm has no other locations.

State Registrations

Bonfire Financial, LLC is registered to service clients in the following states:

  • Colorado
  • Florida
  • Texas

Disciplinary History

Bonfire Financial, LLC does not have any disclosures. Please visit it's Form ADV for more details.