{
  "crd_number": 284920,
  "slug": "bright-futures-wealth-management-llc-webster-ny-284920",
  "primary_business_name": "BRIGHT FUTURES WEALTH MANAGEMENT, LLC",
  "legal_name": "BRIGHT FUTURES WEALTH MANAGEMENT, LLC",
  "dbas": [
    "ARABELLA WEALTH ADVISORS",
    "ASSABET FINANCIAL GROUP",
    "MARTIN PAUL AND ASSOCIATES",
    "PERROTTO WEALTH MANAGEMENT",
    "PREFERRED FINANCIAL ADVISORS, LLC",
    "ROCHESTER WEALTH PARTNERS"
  ],
  "city": "Webster",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "40380",
  "metro": {
    "cbsa_code": "40380",
    "common_name": "Rochester",
    "msa_name": "Rochester, NY",
    "path": "/advisors/ny/rochester"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-01-03",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-04-22",
  "carried_forward": false,
  "raum_total": 294526272.0,
  "raum_discretionary": 293529781.0,
  "raum_non_discretionary": 996491.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 14,
  "advisory_employees": 14,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 795851.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 173255751.0,
      "count": 774
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 511380.0,
      "count": 2,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 119703651.0,
      "count": 105
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 259639.0,
      "count": 2,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IL",
    "IN",
    "MA",
    "MD",
    "ME",
    "MI",
    "NH",
    "NJ",
    "NY",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "VT",
    "WI"
  ],
  "websites": [
    "https://arabellawealth.com/index.cfm?skipspash=1",
    "https://assabetfinancial.com",
    "https://brightftr.com",
    "https://facebook.com/PerrottoPrivateWealth",
    "https://facebook.com/Rochester-Wealth-Partners-102253865032448",
    "https://facebook.com/hayesfinancialgroup",
    "https://inkedin.com/in/robertchayes",
    "https://linkedin.com/COMPANY/BRIGHT-FUTURES-WEALTH-MANAGEMENT-LLC",
    "https://linkedin.com/in/craig-lefeber-b21a2411",
    "https://linkedin.com/in/davidwtreichler",
    "https://linkedin.com/in/dylan-shaw-0a485955",
    "https://linkedin.com/in/gregory-j-halstead-clu-6274b2201",
    "https://linkedin.com/in/heather-brumbaugh-6326b4126",
    "https://linkedin.com/in/keith-condemi-5b939471",
    "https://linkedin.com/in/kevin-fahy-4b494b190",
    "https://linkedin.com/in/lourdes-dejesus-7041288b",
    "https://linkedin.com/in/mark-santelli-b8785813",
    "https://linkedin.com/in/melissa-mary-florin-4b9124bb",
    "https://linkedin.com/in/patricelancelot",
    "https://linkedin.com/in/perrottowealth",
    "https://linkedin.com/in/robert-richard-jr-410b9a2b",
    "https://perrottowealth.com",
    "https://rocwealthpartners.com",
    "https://twitter.com/ArabellaWealth",
    "https://twitter.com/PerrottoWealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/284920",
  "city_as_filed": "WEBSTER",
  "url": "https://advisorcensus.com/firm/bright-futures-wealth-management-llc-webster-ny-284920",
  "display_name": "Bright Futures Wealth Management, LLC",
  "summary": "Bright Futures Wealth Management, LLC is an SEC-registered investment advisory firm in Webster, NY, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 22, 2026.",
  "citation": "AdvisorCensus. Bright Futures Wealth Management, LLC (CRD 284920): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Bright Futures Wealth Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bright Futures Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Bright Futures Wealth Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 2, 2026 states: Flat fee: $50,000 (creating client pension consulting plans); Hourly rate: $100 to $300 an hour. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Bright Futures Wealth Management, LLC located?",
      "a": "Bright Futures Wealth Management, LLC's principal office is in Webster, NY, according to its Form ADV; the May 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Bright Futures Wealth Management, LLC registered with the SEC or a state?",
      "a": "Bright Futures Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 284920."
    },
    {
      "q": "How much does Bright Futures Wealth Management, LLC manage?",
      "a": "Bright Futures Wealth Management, LLC reports $294,526,272 in regulatory assets under management in its Form ADV filing dated April 22, 2026 (100% discretionary)."
    },
    {
      "q": "How have Bright Futures Wealth Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bright Futures Wealth Management, LLC: Regulatory assets under management: $239,475,020 in the October 2021 data and $294,526,272 in the October 2026 data, up 23%. Total employees: 19 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bright Futures Wealth Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (774); high net worth individuals (105); pension and profit sharing plans (but not the plan participants or government pension plans) (2)."
    },
    {
      "q": "Which custodians does Bright Futures Wealth Management, LLC use?",
      "a": "Bright Futures Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Bright Futures Wealth Management, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/284920"
    },
    {
      "q": "Does Bright Futures Wealth Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 2, 2026 says: \"There is no account minimum for any of BFWM’s services.\""
    },
    {
      "q": "What changed in Bright Futures Wealth Management, LLC's recent Form ADV filings?",
      "a": "In the May 2026 filing data: No longer lists the business name Kappan Financial, LLC. Employees performing advisory functions went from 16 to 14. No longer lists an office in Rochester, NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 239475020.0,
      "total_employees": 19,
      "filing_date": "2021-07-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 328286711.0,
      "total_employees": 20,
      "filing_date": "2022-09-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 323153830.0,
      "total_employees": 20,
      "filing_date": "2023-09-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 388387230.0,
      "total_employees": 21,
      "filing_date": "2024-06-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 254375637.0,
      "total_employees": 17,
      "filing_date": "2025-05-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 294526272.0,
      "total_employees": 14,
      "filing_date": "2026-04-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "No longer lists the business name Kappan Financial, LLC.",
        "Employees performing advisory functions went from 16 to 14.",
        "No longer lists an office in Rochester, NY."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $254,375,637 to $294,526,272 (+16%).",
        "Added an office in Rochester, NY."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 17 to 16.",
        "Added the business name Kappan Financial, LLC.",
        "No longer lists the business name Kaplan Financial, LLC.",
        "No longer lists the business name Massey Group Wealth Management.",
        "No longer lists an office in Syracuse, NY.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 2, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $50,000 (creating client pension consulting plans)",
      "Hourly rate: $100 to $300 an hour"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no account minimum for any of BFWM’s services."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $50,000 (creating client pension consulting plans)"
        ],
        "quotes": [
          "The negotiable fixed fee for financial planning is up to $50,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $100 to $300 an hour"
        ],
        "quotes": [
          "The negotiable hourly fee for consulting is between $100 and $300."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 50000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "creating client pension consulting plans"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 100.0,
          "max": 300.0,
          "period": "hour",
          "service": "these services"
        }
      ]
    },
    "quotes": [
      "There is no account minimum for any of BFWM’s services.",
      "The negotiable fixed fee for financial planning is up to $50,000.",
      "The negotiable hourly fee for consulting is between $100 and $300."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/bright-futures-wealth-management-llc-webster-ny-284920.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 774,
      "fewer_than_5": false,
      "raum": 173255751.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 105,
      "fewer_than_5": false,
      "raum": 119703651.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 511380.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 795851.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 259639.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/284920",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}