Bright Futures Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Bright Futures Wealth Management reports 885 clients. They include 774 individual clients, 105 high-net-worth individuals, and 2 pension and profit-sharing plans. Of its assets, 99.7% ($294M across 1,400 accounts) are managed with discretion; $996K across 1 account is not. A wrap fee program the firm both sponsors and manages holds $208M. It advised 15 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 59% |
| High-net-worth individuals | 12% | 41% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 774 | $173M | 58.8% | $224K |
| High-net-worth individuals | 105 | $120M | 40.6% | $1.14M |
| Pension and profit-sharing plans | Fewer than 5 | $511K | 0.2% | $256K |
| Charitable organizations | Fewer than 5 | $796K | 0.3% | $398K |
| Corporations and other businesses | Fewer than 5 | $260K | 0.1% | $130K |
| Total | 885 | $295M | 100% | — |
- Clients
- 774
- Regulatory AUM
- $173M
- AUM share
- 58.8%
- Avg. per client
- $224K
- Clients
- 105
- Regulatory AUM
- $120M
- AUM share
- 40.6%
- Avg. per client
- $1.14M
- Clients
- Fewer than 5
- Regulatory AUM
- $511K
- AUM share
- 0.2%
- Avg. per client
- $256K
- Clients
- Fewer than 5
- Regulatory AUM
- $796K
- AUM share
- 0.3%
- Avg. per client
- $398K
- Clients
- Fewer than 5
- Regulatory AUM
- $260K
- AUM share
- 0.1%
- Avg. per client
- $130K
Total
- Clients
- 885
- Regulatory AUM
- $295M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 15
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Bright Futures Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is a negotiable fixed fee of up to $50,000, or an hourly fee of $100 to $300.
- Pension Consulting
- Pension consulting is a fixed fee of up to $50,000, an hourly fee of $100 to $300, or an asset-based maximum annual fee from 2.50% down to 1.00%; generally negotiable.
Keith Condemi owns 50% to 75% of Bright Futures Wealth Management. It has 14 employees.
Leadership
- Keith CondemiManaging Member
- Lourdes DejesusMember
- Melissa FlorinMember
- Craig LefeberMember/CCO
- Martin PaulMember
- Robert RichardMember
Investment adviser representatives
14 representatives listed in the SEC register as of 9 October 2026.
- Keith Edward Condemi
- David Alexander Arthur Dupuis
- Kevin Fahy
- Gregory John Halstead
- Robert C Hayes
- Jerry Neil Hefley
- Patrice Aileen Lancelot
- Craig Donald Lefeber
- Martin Eugene Paul
- David Joseph Perrotto
- Robert Normand Richard JR
- Mark Samuel Santelli
- Dylan Thomas Shaw
- David W Treichler
Staff
- 14 employees
- 14 in advisory functions
- 14 state-registered reps
- 14 broker-dealer reps
- 14 insurance agents
- Owns 50% to 75% of Bright Futures Wealth Management, LLC
Keith Condemi
Control person · since January 2017
- Owns 10% to 25% of Bright Futures Wealth Management, LLC
Robert Richard
since January 2017
- Owns 5% to 10% of Bright Futures Wealth Management, LLC
Martin Paul
since January 2017
- Owns 5% to 10% of Bright Futures Wealth Management, LLC
Craig Lefeber
since January 2017
Bright Futures Wealth Management’s regulatory assets grew from $239M (July 2021) to $295M (April 2026); clients rose from 668 to 885 and employees fell from 19 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $295M | 885 | 14 | 7 |
| May 2025May 2025 | $254M | 881 | 17 | 8 |
| Jun 2024June 2024 | $388M | 1,028 | 21 | 11 |
| Aug 2023August 2023 | $323M | 934 | 19 | 10 |
| Jun 2022June 2022 | $328M | 740 | 18 | 11 |
| Jul 2021July 2021 | $239M | 668 | 19 | 11 |
Besides its headquarters, Bright Futures Wealth Management has 6 offices (2 private residences, listed without an address), with 5 listed addresses across 2 states.
New York · 4 listed addresses
- 1630 Empire BLVD., Suite 100, WebsterHQ
- 120 East Washington Street, Syracuse
- 240 Canal Drive West, Macedon
- 10 Office Park Way, Pittsford
Massachusetts · 1 listed address
- 276 West Main Street, Northborough
Other business names
Bright Futures Wealth Management has reported 6 other business names to the SEC.
- Arabella Wealth Advisors
- Assabet Financial Group
- Martin Paul and Associates
- Perrotto Wealth Management
- Preferred Financial Advisors, LLC
- Rochester Wealth Partners
Contact and registration details
- Legal name
- Bright Futures Wealth Management, LLC
- Headquarters
- 1630 Empire BLVD., Suite 100, Webster, NY 14580
- Website
- Not reported
- Phone
- 585-231-1595
- SEC file
- 801-108869
- Structure
- New York LLC
- Fiscal year end
- December
Bright Futures Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($271M). Bright Futures Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $271M100%
At year end, Bright Futures Wealth Management’s separately managed accounts were largely in funds (44%) and stocks (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $155M across 208 positions; the largest are Apple Inc. (2.6%), Vaneck ETF Trust (2.5%) and Vaneck ETF Trust (2.4%).
What the accounts hold
- Stocks24%
- Exchange-traded equities23%
- Non-exchange-traded equities1%
- Funds44%
- Bonds19%
- Investment grade corporate bonds16%
- U.S. government and agency bonds1%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash12%
- Other1%
- Options1%
Reported 13F holdings
- $155M
- Reported 13F value
- 208
- Positions
- 20.0%
- In the 10 largest
- +6.0%
- Value vs. prior quarter
- Apple Inc.2.6%
- Vaneck ETF Trust · Clo ETF2.5%
- Vaneck ETF Trust · Semiconductr ETF2.4%
- Berkshire Hathaway Inc. Del · CL B New2.2%
- Broadcom Inc.1.9%
- Vanguard World FD · Mega Grwth Ind1.8%
- Rbb FD Inc. · F/m US Treasury1.8%
- American Centy ETF TR · Intl Smcp Vlu1.7%
- Nvidia Corporation1.6%
- iShares TR · Fltg Rate NT ETF1.5%
Together, the ten largest are 20.0% of reported value.
How many clients does Bright Futures Wealth Management have?
Bright Futures Wealth Management has 885 clients and manages $295 million for them, as of April 2026. They include 774 individual clients, 105 high-net-worth individuals, and 2 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 April 2026
What services does Bright Futures Wealth Management offer?
Bright Futures Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Bright Futures Wealth Management use?
Bright Futures Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $271M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 April 2026
How many financial advisors does Bright Futures Wealth Management have?
Bright Futures Wealth Management has 14 investment adviser representatives registered with state securities authorities, out of 14 employees, and 14 perform investment advisory functions. 14 employees are registered representatives of a broker-dealer and 14 employees are 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 Futures Wealth Management invest in?
At the end of its last fiscal year, Bright Futures Wealth Management’s separately managed accounts held 44% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 16% investment grade corporate bonds, 12% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% high-yield corporate bonds and 1% other. The 1% other category is described as: Options.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bright Futures Wealth Management?
Bright Futures Wealth Management’s direct owners are Robert Richard (10% to 25%), Keith Condemi (50% to 75%), Martin Paul (5% to 10%) and Craig Lefeber (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 22 April 2026
How does Bright Futures Wealth Management get paid?
Bright Futures Wealth Management is paid through a percentage of assets under management, hourly charges 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
How do I contact Bright Futures Wealth Management?
Bright Futures Wealth Management’s main office is at 1630 Empire BLVD., Suite 100, Webster, NY 14580. Its phone number is 585-231-1595.