{"url":"https://nivawealth.com/firms/bright-wealth-management-169771","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/169771","regulatoryAum":264973479,"crd":"169771","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5855241","suffix":null,"lastName":"CAPORALETTI","firstName":"CHRISTOPHER","middleName":"JOHN"},{"crd":"7904879","suffix":null,"lastName":"Chandler","firstName":"Brooke","middleName":"Ashley"},{"crd":"6160050","suffix":null,"lastName":"CROWLEY","firstName":"ARTHUR","middleName":"DAVID"},{"crd":"7619861","suffix":null,"lastName":"Crowley","firstName":"Jerred","middleName":"Michael Horace"},{"crd":"5951830","suffix":null,"lastName":"LAGRONE","firstName":"MARK","middleName":"THOMPSON"},{"crd":"4142971","suffix":null,"lastName":"THIBODEAUX","firstName":"PAUL","middleName":"L"},{"crd":"6006367","suffix":"III","lastName":"UNDERWOOD","firstName":"THOMAS","middleName":"B"}],"total":7,"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":"2024-07-10","regulatoryAum":160000000,"clients":165,"employees":6,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":228985374,"clients":162,"employees":6,"offices":2},{"filedOn":"2026-09-02","regulatoryAum":264973479,"clients":180,"employees":7,"offices":2}],"secFileNumber":"801-130450","legalName":"Bright Wealth Management, LLC","displayName":"Bright Wealth Management","slug":"bright-wealth-management-169771","website":"https://brightwealthmanagement.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/bright-wm/","founded":"2014","organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"4400 State Highway 121, Suite 400","city":"Lewisville","state":"TX","stateName":"Texas","country":"United States","postalCode":"75056"},"tradeNames":[],"registration":{"secApproved":"11 June 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1377085.48,"staff":{"employees":7,"advisory":7,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":264973479,"discretionary":264973479,"discretionaryAccounts":478,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":117,"regulatoryAum":38743180},{"label":"High-net-worth individuals","clients":58,"regulatoryAum":202246779},{"label":"Charitable organizations","clients":2,"regulatoryAum":10967974},{"label":"Corporations and other businesses","clients":3,"regulatoryAum":13015546}],"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=1056806","versionId":1056806,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-09-02","documentName":"BRIGHT WEALTH MANAGEMENT FORM ADV PART 2A","fee_rate_low":0.75,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":100000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:55:09.195478+00:00","documents":[{"name":"BRIGHT WEALTH MANAGEMENT FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056806","versionId":1056806,"submittedOn":"2026-09-02"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":264973479}],"custodyNote":"Bright Wealth Management has custody of $54.6M in client assets for 42 clients.","otherCustodians":[],"leadership":[{"name":"Paul Thibodeaux","title":"President/Managing Director/Chief Compliance Officer","crd":"4142971"}],"ownership":[{"label":"Bright Capital Group, LLC","detail":"Sole member in the 75% or more ownership band and a control person, since October 2013."},{"label":"Bright Industries, LLC","detail":"Indirect owner: a managing member of Bright Capital Group, LLC in the 75% or more band and a control person, since November 2012.","parent":"Bright Capital Group, LLC"},{"label":"The Christopher Roberts Bright Family Trust","detail":"Indirect owner: a member of Bright Industries, LLC in the 50% to 75% band and a control person, since September 2022.","parent":"Bright Industries, LLC"},{"label":"Wealth Advisors Trust Company","detail":"Indirect owner: independent trustee of Clay Van Ness Bright Family Trust and a control person, since August 2020. Also independent trustee of The Christopher Roberts Bright Family Trust and a control person, since August 2020.","parent":"Clay Van Ness Bright Family Trust"},{"label":"Justin Bright","detail":"Indirect owner: manager of Bright Industries, LLC and a control person, since August 2020. Also family trustee of Clay Van Ness Bright Family Trust and a control person, since August 2020. Also manager of Bright Capital Group, LLC and a control person, since February 2022.","parent":"Bright Industries, LLC"},{"label":"Harvey Bright","detail":"Indirect owner: manager of Bright Industries, LLC and a control person, since August 2020. Also family trustee of Clay Van Ness Bright Family Trust and a control person, since September 2022. Also family trustee of The Christopher Roberts Bright Family Trust and a control person, since September 2022.","parent":"Bright Industries, LLC"},{"label":"Clay Van Ness Bright Family Trust","detail":"Indirect owner: a member of Bright Industries, LLC in the 50% to 75% band and a control person, since August 2020.","parent":"Bright Industries, LLC"},{"label":"Parker Bright","detail":"Indirect owner: family trustee of Clay Van Ness Bright Family Trust and a control person, since August 2020. Also manager of Bright Industries, LLC and a control person, since August 2020.","parent":"Clay Van Ness Bright Family Trust"},{"label":"Virginia Koons","detail":"Indirect owner: family trustee of Clay Van Ness Bright Family Trust and a control person, since August 2020. Also manager of Bright Industries, LLC and a control person, since September 2022.","parent":"Clay Van Ness Bright Family Trust"},{"label":"Wilmington Trust Company","detail":"Indirect owner: administrative trustee of Clay Van Ness Bright Family Trust and a control person, since August 2020. Also administrative trustee of The Christopher Roberts Bright Family Trust and a control person, since August 2020.","parent":"Clay Van Ness Bright Family Trust"},{"label":"Paul Thibodeaux","detail":"Indirect owner: manager/coo of Bright Capital Group, LLC and a control person, since September 2020.","parent":"Bright Capital Group, LLC"},{"label":"Mary Bearden","detail":"Indirect owner: manager of Bright Industries, LLC and a control person, since September 2022. Also family trustee of The Christopher Roberts Bright Family Trust and a control person, since September 2022.","parent":"Bright Industries, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"4400 State Highway 121, Suite 400","city":"Lewisville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"972-410-6623","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":20},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":67},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"2 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/169771/PDF/169771.pdf","brochureDate":"2 September 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056806","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 Wealth Management have?","answer":"Bright Wealth Management has 180 clients and manages $265 million for them, as of September 2026. They include 117 individual clients, 58 high-net-worth individuals, and 3 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 2 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bright Wealth Management offer?","answer":"Bright Wealth Management provides 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Bright Wealth Management charge?","answer":"Bright Wealth Management charges 0.75%–1.50% a year for its Portfolio Management. The fee is billed in arrears, is negotiable and requires an account of at least $100,000.","source":"BRIGHT WEALTH MANAGEMENT FORM ADV PART 2A, filed 2 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Bright Wealth Management use?","answer":"Bright Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $265M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bright Wealth Management have?","answer":"Bright Wealth Management has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Bright Wealth Management invest in?","answer":"At the end of its last fiscal year, Bright Wealth Management’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities, 5% U.S. government and agency bonds, 5% state and local bonds and 3% 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":"Does Bright Wealth Management have a minimum investment?","answer":"Yes, Bright Wealth Management’s minimum account size for its Portfolio Management is $100K.","source":"BRIGHT WEALTH MANAGEMENT FORM ADV PART 2A, filed 2 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Bright Wealth Management?","answer":"Bright Wealth Management is owned through a chain of holding companies by the Christopher Roberts Bright Family Trust. Its direct owner is Bright Capital Group, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 2 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bright Wealth Management get paid?","answer":"Bright Wealth Management is paid through a percentage of assets under management and other compensation. 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":"How do I contact Bright Wealth Management?","answer":"Bright Wealth Management’s main office is at 4400 State Highway 121, Suite 400, Lewisville, TX 75056. Its phone number is 972-410-6623. Its website is brightwealthmanagement.com.","source":"Form ADV Part 1A, Item 1.F, filed 2 September 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."}