{"url":"https://nivawealth.com/firms/light-financial-services-131678","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/131678","regulatoryAum":175538267,"crd":"131678","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6959312","suffix":null,"lastName":"Blanchette","firstName":"Samantha","middleName":"Jo"},{"crd":"1986167","suffix":null,"lastName":"LIGHT","firstName":"PAUL","middleName":"ARTHUR"}],"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":"2022-03-04","regulatoryAum":110530164,"clients":593,"employees":2,"offices":1},{"filedOn":"2023-07-06","regulatoryAum":103837312,"clients":593,"employees":2,"offices":1},{"filedOn":"2024-02-26","regulatoryAum":125790175,"clients":601,"employees":2,"offices":1},{"filedOn":"2025-03-18","regulatoryAum":145111574,"clients":608,"employees":2,"offices":1},{"filedOn":"2026-03-25","regulatoryAum":175538267,"clients":622,"employees":2,"offices":1}],"secFileNumber":"801-123619","legalName":"Light Financial Services, Inc.","displayName":"Light Financial Services","slug":"light-financial-services-131678","website":"https://lightfinancialservices.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/131678/188cc4ed567f346b-r1.webp","tone":"light","width":295,"height":200,"sourceUrl":"https://www.lightfinancialservices.com/","sourceLabel":"Light Financial Services, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"North Dakota corporation","fiscalYearEnd":"December","headquarters":{"street":"3575 45th St S, Suite 112","city":"Fargo","state":"ND","stateName":"North Dakota","country":"United States","postalCode":"58104"},"tradeNames":[],"registration":{"secApproved":"5 April 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":278178.20128824475,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":175538267,"discretionary":174681675,"discretionaryAccounts":1803,"nonDiscretionary":856592,"nonDiscretionaryAccounts":7,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":622},"clientTypes":[{"label":"Individuals (other than HNW)","clients":588,"regulatoryAum":130685486},{"label":"High-net-worth individuals","clients":33,"regulatoryAum":42063177},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":2789604}],"feePrograms":[{"role":"other","program":"Financial Planning","summary":"Financial planning is a fixed fee, typically ranging from $750 to $7,500, depending on the arrangement reached with the client.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026303","versionId":1026303,"submittedOn":"2026-03-25","documentName":"LIGHT FINANCIAL SERVICES INC. BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:07:27.363912+00:00","documents":[{"name":"LIGHT FINANCIAL SERVICES INC. BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026303","versionId":1026303,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":144739710},{"name":"Matrix Executions, LLC","shortName":"Matrix Executions","location":"Chicago, IL","smaAssets":30965399}],"custodyNote":"Light Financial Services has custody of $72.9M for 117 clients.","otherCustodians":[],"leadership":[{"name":"Paul Light","title":"President, Secretary, Treasurer, Director, Chief Compliance Officer","crd":"1986167"}],"ownership":[{"label":"Paul Light","detail":"President, secretary, treasurer, director, chief compliance officer in the 75% or more ownership band and a control person, since December 2003."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Dakota","offices":1,"addresses":[{"street":"3575 45th St S, Suite 112","city":"Fargo","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"701-356-5106","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":44},{"label":"Non-exchange-traded equity securities","percent":48},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/131678/PDF/131678.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026303","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 Light Financial Services have?","answer":"Light Financial Services has 622 clients and manages $176 million for them, as of March 2026. They include 588 individual clients, 33 high-net-worth individuals and 1 corporate or other business client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Light Financial Services offer?","answer":"Light Financial Services provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Light Financial Services use?","answer":"Light Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $145M and Matrix Executions, LLC (Chicago, IL), with $31M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Light Financial Services have?","answer":"Light Financial Services has 2 investment adviser representatives registered with state securities authorities, out of 2 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 Light Financial Services invest in?","answer":"At the end of its last fiscal year, Light Financial Services’ separately managed accounts held 48% non-exchange-traded equities, 44% exchange-traded equities and 7% 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 Light Financial Services?","answer":"Light Financial Services’ direct owner is Paul Light (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Light Financial Services get paid?","answer":"Light Financial Services 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":"How do I contact Light Financial Services?","answer":"Light Financial Services’ main office is at 3575 45th St S, Suite 112, Fargo, ND 58104. Its phone number is 701-356-5106. Its website is lightfinancialservices.com.","source":"Form ADV Part 1A, Item 1.F, filed 25 March 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."}