Bright Angel Advisors provides portfolio management for individuals and small businesses.
Bright Angel Advisors reports 35 clients. They include 18 high-net-worth individuals and 17 individual clients. Of its assets, 100.0% ($224M across 106 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 2% |
| High-net-worth individuals | 51% | 98% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 17 | $4.19M | 1.9% | $246K |
| High-net-worth individuals | 18 | $220M | 98.1% | $12.2M |
| Total | 35 | $224M | 100% | $6.4M |
- Clients
- 17
- Regulatory AUM
- $4.19M
- AUM share
- 1.9%
- Avg. per client
- $246K
- Clients
- 18
- Regulatory AUM
- $220M
- AUM share
- 98.1%
- Avg. per client
- $12.2M
Total
- Clients
- 35
- Regulatory AUM
- $224M
- AUM share
- 100%
- Avg. per client
- $6.4M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Bright Angel Advisors charges 0.50%–1.00% a year for its Portfolio Management. The fee is billed in advance and is negotiable.
Fee details and sources
Michael Barrett owns 75% or more of Bright Angel Advisors. The leadership team of Bright Angel Advisors includes Chief Compliance Officer Andrew Sweere. It has 4 employees, 2 of them in advisory roles.
Leadership
- Andrew SweereChief Compliance Officer
- Michael BarrettManaging Member
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Bright Angel Advisors LLC
Michael Barrett
Control person · since September 2020
Bright Angel Advisors’ regulatory assets grew from $152M (March 2021) to $224M (January 2026); clients were 35 in both filings and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $224M | 35 | 4 | 1 |
| March 2025 | $200M | 34 | 4 | 1 |
| January 2024 | $173M | 34 | 4 | 1 |
| January 2023 | $159M | 34 | 4 | 1 |
| March 2022 | $162M | 34 | 4 | 1 |
| March 2021 | $152M | 34 | 5 | 1 |
Besides its headquarters, Bright Angel Advisors has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 3900 Northwoods DR., Suite 350, St. PaulHQ
Contact and registration details
- Legal name
- Bright Angel Advisors LLC
- Headquarters
- 3900 Northwoods DR., Suite 350, St. Paul, MN 55112
- Website
- Not reported
- Phone
- 612-372-0090
- SEC file
- 801-120036
- Structure
- Minnesota LLC
- Fiscal year end
- December
Bright Angel Advisors uses Charles Schwab ($224M) as custodian for its separately managed accounts. Bright Angel Advisors has custody of $213M in client assets for 28 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $224M100%
At year end, Bright Angel Advisors’ separately managed accounts were mostly in stocks (53%) and funds (40%).
What the accounts hold
- Stocks53%
- Funds40%
- Bonds5%
- Cash1%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Bright Angel Advisors have?
Bright Angel Advisors has 35 clients and manages $224 million for them, as of January 2026. They include 18 high-net-worth individuals and 17 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 January 2026
What services does Bright Angel Advisors offer?
Bright Angel Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Bright Angel Advisors charge?
Bright Angel Advisors charges 0.50%–1.00% a year for its Portfolio Management. The fee is billed in advance and is negotiable.
Source: ADV PART 2A- BRIGHT ANGEL ADVISORS LLC, filed 15 January 2026
Which custodians does Bright Angel Advisors use?
Bright Angel Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $224M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 January 2026
How many financial advisors does Bright Angel Advisors have?
Bright Angel Advisors has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bright Angel Advisors invest in?
At the end of its last fiscal year, Bright Angel Advisors’ separately managed accounts held 53% exchange-traded equities, 40% registered funds (mutual funds, ETFs, BDCs), 5% U.S. government and agency bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bright Angel Advisors?
Bright Angel Advisors’ direct owner is Michael Barrett (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 January 2026
How does Bright Angel Advisors get paid?
Bright Angel Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Bright Angel Advisors registered with the SEC?
Yes, Bright Angel Advisors has been registered with the SEC as an investment adviser since 24 December 2020. Its CRD number is 311704 and its SEC file number is 801-120036.
Source: Form ADV Part 1A, Item 1, filed 15 January 2026; IAPD firm record
How do I contact Bright Angel Advisors?
Bright Angel Advisors’ main office is at 3900 Northwoods DR., Suite 350, St. Paul, MN 55112. Its phone number is 612-372-0090.