Bright Lantern Financial LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$25,874,854
Clients
10
100% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
10
LowAverage account size
$2,587,485
About
Bright Lantern Financial LLC is a fee-only, registered investment adviser that serves individual clients with ongoing discretionary portfolio management and standalone financial planning. The firm provides implementation across taxable, IRA, and employer retirement accounts and accepts clients on a case-by-case basis rather than through a published asset minimum.
The firm’s investment approach is long-term, buy-and-hold and grounded in Modern Portfolio Theory, emphasizing broad diversification via low-cost index mutual funds and ETFs, cost management, and tax-aware asset placement. Portfolio implementation routinely includes periodic rebalancing and opportunistic tax-loss harvesting, and advice focuses on asset allocation and tax efficiency rather than market timing or security selection.
Compared with many solo independent advisors, Bright Lantern maintains a very small, selective client roster and a relatively high-touch service model. Other noteworthy practices include a requirement that portfolio clients establish custody at the broker the firm selects (which can affect execution and custody arrangements) and a policy of not accepting proxy-voting authority, leaving voting to clients.
Client services
Financial planning
Portfolio management
Expertise
Passive / index investing
Tax-loss harvesting
College savings (529s, UTMA, etc.)
General retirement planning
Fee options
Fixed fees ranging from $3,000 to $5,000 for one-time financial planning depending on complexity
$0 - $200,000: 0.75% $200,001 - $1,000,000: 0.5% $1,000,001+: 0.25%
$200 per hour for one-time financial planning services
Account minimum: $200,000 (case-by-case basis for accounts below $200,000) Minimum fee: $1,000 per year minimum fee for portfolio management Fee-only: Fee-only investment advisor; fees are upfront and transparent
Main office location
Bright Lantern Financial LLC
Chicago IL, United States
Number of offices
1
Most active in
Bright Lantern Financial LLC has reported serving >5 clients in these states in the last 12 months.
Illinois · Texas
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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