Bright Lake Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
Bright Lake Wealth Management reports 354 clients. They include 340 individual clients and 14 high-net-worth individuals. Of its assets, 99.3% ($103M across 881 accounts) are managed with discretion; $693K across 38 accounts are not. A wrap fee program the firm both sponsors and manages holds $85.8M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 96% | 76% |
| High-net-worth individuals | 4% | 24% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 340 | $79.2M | 76.4% | $233K |
| High-net-worth individuals | 14 | $24.5M | 23.6% | $1.75M |
| Total | 354 | $104M | 100% | $293K |
- Clients
- 340
- Regulatory AUM
- $79.2M
- AUM share
- 76.4%
- Avg. per client
- $233K
- Clients
- 14
- Regulatory AUM
- $24.5M
- AUM share
- 23.6%
- Avg. per client
- $1.75M
Total
- Clients
- 354
- Regulatory AUM
- $104M
- AUM share
- 100%
- Avg. per client
- $293K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Bright Lake Wealth Management charges up to 1.65% a year for its Investment Advisory / Portfolio Management Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Estate planning
- Estate planning services are a $2,200 fee, paid by card: 50% in advance (no more than $1,200) and the rest on delivery of the documents.
Theodore Thatcher owns 75% or more of Bright Lake Wealth Management. Theodore Thatcher is CEO; the leadership team includes Chief Compliance Officer Matthew Giggey. It has 17 employees, 4 of them in advisory roles.
Staff
- 17 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 insurance agents
- Owns 75% or more of Bright Lake Wealth Management, LLC
Theodore Thatcher
Control person · since September 2022
Besides its headquarters, Bright Lake Wealth Management has 2 offices, with 3 listed addresses across 2 states.
California · 2 listed addresses
- 1445 Victor Ave, Suite D, ReddingHQ
- 1445 Victor Ave, Redding
Oregon · 1 listed address
- 3523 Arrowhead DR, Medford
Other business names
Bright Lake Wealth Management has reported 1 other business name to the SEC.
- Bright Lake Financial, Inc.
Contact and registration details
- Legal name
- Bright Lake Wealth Management, LLC
- Headquarters
- 1445 Victor Ave, Suite D, Redding, CA 96003
- Website
- brightlakewealth.com
- Phone
- 530-395-0202
- @bright-lake-wealth-management
- SEC file
- 801-135764
- Structure
- California LLC
- Fiscal year end
- December
Bright Lake Wealth Management’s named custodian for separately managed accounts is Fidelity ($104M). Bright Lake Wealth Management has custody of $358K for 23 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $104M100%
At year end, Bright Lake Wealth Management’s separately managed accounts were mostly in funds (82%) and stocks (12%).
What the accounts hold
- Stocks12%
- Funds82%
- Cash6%
How many clients does Bright Lake Wealth Management have?
Bright Lake Wealth Management has 354 clients and manages $104 million for them, as of April 2026. They include 340 individual clients and 14 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026
What services does Bright Lake Wealth Management offer?
Bright Lake Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Bright Lake Wealth Management charge?
Bright Lake Wealth Management charges up to 1.65% a year for its Investment Advisory / Portfolio Management Services. The fee is billed in arrears and is negotiable.
Source: BRIGHT LAKE WEALTH MANAGEMENT ADV 2B, filed 29 April 2026
Which custodians does Bright Lake Wealth Management use?
Bright Lake Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $104M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 April 2026
How many financial advisors does Bright Lake Wealth Management have?
Bright Lake Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 17 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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 Lake Wealth Management invest in?
At the end of its last fiscal year, Bright Lake Wealth Management’s separately managed accounts held 82% registered funds (mutual funds, ETFs, BDCs), 12% exchange-traded equities and 6% 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 Lake Wealth Management?
Bright Lake Wealth Management’s direct owner is Theodore Thatcher (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 April 2026
How does Bright Lake Wealth Management get paid?
Bright Lake Wealth Management 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
How do I contact Bright Lake Wealth Management?
Bright Lake Wealth Management’s main office is at 1445 Victor Ave, Suite D, Redding, CA 96003. Its phone number is 530-395-0202. Its website is brightlakewealth.com.
