{"url":"https://nivawealth.com/firms/bright-angel-advisors-311704","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/311704","regulatoryAum":224115580,"crd":"311704","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4486728","suffix":null,"lastName":"BARRETT","firstName":"MICHAEL","middleName":"JAMES"},{"crd":"7611356","suffix":null,"lastName":"SWEERE","firstName":"ANDREW","middleName":"PAUL"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-11","regulatoryAum":151623631,"clients":34,"employees":5,"offices":1},{"filedOn":"2022-03-09","regulatoryAum":162063140,"clients":34,"employees":4,"offices":1},{"filedOn":"2023-01-17","regulatoryAum":159326901,"clients":34,"employees":4,"offices":1},{"filedOn":"2024-01-17","regulatoryAum":172666764,"clients":34,"employees":4,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":200219277,"clients":34,"employees":4,"offices":1},{"filedOn":"2026-01-15","regulatoryAum":224115580,"clients":35,"employees":4,"offices":1}],"secFileNumber":"801-120036","legalName":"Bright Angel Advisors LLC","displayName":"Bright Angel Advisors","slug":"bright-angel-advisors-311704","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3900 Northwoods DR., Suite 350","city":"St. Paul","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55112"},"tradeNames":[],"registration":{"secApproved":"24 December 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":6403302.285714285,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":224115580,"discretionary":224115580,"discretionaryAccounts":106,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":17,"regulatoryAum":4189356},{"label":"High-net-worth individuals","clients":18,"regulatoryAum":219926224}],"feePrograms":[{"role":"main","program":"Portfolio Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002159","versionId":1002159,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-01-15","documentName":"ADV PART 2A- BRIGHT ANGEL ADVISORS LLC","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:48:23.824803+00:00","documents":[{"name":"ADV PART 2A- BRIGHT ANGEL ADVISORS LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002159","versionId":1002159,"submittedOn":"2026-01-15"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":224115580}],"custodyNote":"Bright Angel Advisors has custody of $213M in client assets for 28 clients.","leadership":[{"name":"Andrew Sweere","title":"Chief Compliance Officer","crd":"7611356"},{"name":"Michael Barrett","title":"Managing Member","crd":"4486728"}],"ownership":[{"label":"Michael Barrett","detail":"Managing member in the 75% or more ownership band and a control person, since September 2020."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"3900 Northwoods DR., Suite 350","city":"St. Paul","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-372-0090","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":53},{"label":"U.S. government/agency bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":40},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"15 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/311704/PDF/311704.pdf","brochureDate":"15 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002159","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bright Angel Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bright Angel Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Bright Angel Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Bright Angel Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bright Angel Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Bright Angel Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Bright Angel Advisors?","answer":"Bright Angel Advisors’ direct owner is Michael Barrett (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 15 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bright Angel Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Bright Angel Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Bright Angel Advisors?","answer":"Bright Angel Advisors’ main office is at 3900 Northwoods DR., Suite 350, St. Paul, MN 55112. Its phone number is 612-372-0090.","source":"Form ADV Part 1A, Item 1.F, filed 15 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}