# Bright Futures Wealth Management, LLC

> 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.

- CRD: 284920
- Filed as: BRIGHT FUTURES WEALTH MANAGEMENT, LLC
- Also doing business as: ARABELLA WEALTH ADVISORS, ASSABET FINANCIAL GROUP, MARTIN PAUL AND ASSOCIATES, PERROTTO WEALTH MANAGEMENT, PREFERRED FINANCIAL ADVISORS, LLC, ROCHESTER WEALTH PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Webster, NY
- Filing period: October 2026
- Form ADV filing dated: April 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284920
- AdvisorCensus page: https://advisorcensus.com/firm/bright-futures-wealth-management-llc-webster-ny-284920

## Quick answers

**How is Bright Futures Wealth Management, LLC compensated?**
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).

**How much does Bright Futures Wealth Management, LLC charge?**
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.

**Where is Bright Futures Wealth Management, LLC located?**
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).

**Is Bright Futures Wealth Management, LLC registered with the SEC or a state?**
Bright Futures Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 284920.

**How much does Bright Futures Wealth Management, LLC manage?**
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).

**How have Bright Futures Wealth Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Bright Futures Wealth Management, LLC serve?**
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).

**Which custodians does Bright Futures Wealth Management, LLC use?**
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.

**Does Bright Futures Wealth Management, LLC report any disciplinary disclosures?**
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

**Does Bright Futures Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 2, 2026 says: "There is no account minimum for any of BFWM’s services."

**What changed in Bright Futures Wealth Management, LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 2, 2026)

- Account minimum: None

> There is no account minimum for any of BFWM’s services.

- Flat fee: $50,000 (creating client pension consulting plans)

> The negotiable fixed fee for financial planning is up to $50,000.

- Hourly rate: $100 to $300 an hour

> The negotiable hourly fee for consulting is between $100 and $300.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $294,526,272
- Discretionary: $293,529,781
- Non-discretionary: $996,491

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 774 | $173,255,751 |
| High net worth individuals | 105 | $119,703,651 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $511,380 |
| Charitable organizations | 2 | $795,851 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 2 | $259,639 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 14 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, CO, CT, FL, GA, IL, IN, MA, MD, ME, MI, NH, NJ, NY, PA, SC, TN, TX, VA, VT, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Macedon, NY
- Northborough, MA
- Pittsford, NY
- Syracuse, NY

### Websites listed on Form ADV (Item 1.I)
- arabellawealth.com/index.cfm
- assabetfinancial.com
- brightftr.com
- inkedin.com/in/robertchayes
- perrottowealth.com
- rocwealthpartners.com
- Facebook @PerrottoPrivateWealth
- Facebook @Rochester-Wealth-Partners-102253865032448
- Facebook @hayesfinancialgroup
- LinkedIn @BRIGHT-FUTURES-WEALTH-MANAGEMENT-LLC
- LinkedIn @craig-lefeber-b21a2411
- LinkedIn @davidwtreichler
- LinkedIn @dylan-shaw-0a485955
- LinkedIn @gregory-j-halstead-clu-6274b2201
- LinkedIn @heather-brumbaugh-6326b4126
- LinkedIn @keith-condemi-5b939471
- LinkedIn @kevin-fahy-4b494b190
- LinkedIn @lourdes-dejesus-7041288b
- LinkedIn @mark-santelli-b8785813
- LinkedIn @melissa-mary-florin-4b9124bb
- LinkedIn @patricelancelot
- LinkedIn @perrottowealth
- LinkedIn @robert-richard-jr-410b9a2b
- X @ArabellaWealth
- X @PerrottoWealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $239,475,020 | 19 | July 19, 2021 |
| October 2022 | $328,286,711 | 20 | September 26, 2022 |
| October 2023 | $323,153,830 | 20 | September 15, 2023 |
| October 2024 | $388,387,230 | 21 | June 10, 2024 |
| October 2025 | $254,375,637 | 17 | May 29, 2025 |
| October 2026 | $294,526,272 | 14 | April 22, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- 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.

### April 2026
- Regulatory assets under management went from $254,375,637 to $294,526,272 (+16%).
- Added an office in Rochester, NY.

### December 2025
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bright Futures Wealth Management, LLC (CRD 284920): Form ADV filing data as of October 2026.