Northlight Financial LLC is a mid-sized advisory firm based in New York. It manages $88.74 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2006.
Northlight Financial provides portfolio management for pooled investment vehicles and investment advice to pooled investment vehicles and non descretionary advisory services for businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Northlight Financial LLC is $88.74 million. The firm's AUM has gone down by -68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Northlight Financial LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Northlight Financial is pooled investment vehicles with 3 clients and $88.74 million of assets under management. Among the 2 most similar advisory firms, Northlight Financial has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $88.74 million for 3 clients. None of the firm’s clients are foreign persons or businesses.
Northlight Financial also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.
The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Northlight Financial LLC performs its advisory services is located at One Grand Central Place, New York, NY 10165, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-247-0330 or by fax 646-873-6548. The normal business hours are 9:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at northlightfinancial.com.