# Broadlake Financial Management

> Broadlake Financial Management is an SEC-registered investment advisory firm in South Burlington, VT, registered since 1989, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 105057
- Filed as: BROADLAKE FINANCIAL MANAGEMENT
- Legal name: Eley Financial Management, Inc.
- Also doing business as: BROADLAKE FINANCIAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: South Burlington, VT
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105057
- AdvisorCensus page: https://advisorcensus.com/firm/broadlake-financial-management-south-burlington-vt-105057

## Quick answers

**How is Broadlake Financial Management compensated?**
On its Form ADV (Item 5.E, October 2026), Broadlake Financial Management reports these compensation arrangements: a percentage of assets under its management.

**Where is Broadlake Financial Management located?**
Broadlake Financial Management's principal office is in South Burlington, VT, according to its Form ADV.

**Is Broadlake Financial Management registered with the SEC or a state?**
Broadlake Financial Management is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 105057.

**How much does Broadlake Financial Management manage?**
Broadlake Financial Management reports $409,558,720 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Broadlake Financial Management's assets and staff changed since 2021?**
In the Form ADV data for Broadlake Financial Management: Regulatory assets under management: $296,744,653 in the October 2021 data and $409,558,720 in the October 2026 data, up 38%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Broadlake Financial Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (356); high net worth individuals (95); charitable organizations (10).

**Which custodians does Broadlake Financial Management use?**
Broadlake Financial Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Broadlake Financial Management 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/105057

**Does Broadlake Financial Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Our account minimum is $50,000, although this minimum account size requirement can be waived under certain circumstances."

**What changed in Broadlake Financial Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $369,018,994 to $409,558,720 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $50,000 (the brochure says it may be waived or negotiated)

> Our account minimum is $50,000, although this minimum account size requirement can be waived under certain circumstances.

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.
- National Financial Services LLC

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: $409,558,720
- Discretionary: $409,558,720
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 356 | $101,169,442 |
| High net worth individuals | 95 | $290,454,047 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $5,296,027 |
| Charitable organizations | 10 | $12,639,204 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 1989 (37 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, MA, ME, NC, NH, NY, SC, TX, VA, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [broadlakefinancial.com](https://broadlakefinancial.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $296,744,653 | 4 | March 23, 2021 |
| October 2022 | $319,106,092 | 4 | March 30, 2022 |
| October 2023 | $285,126,849 | 4 | March 29, 2023 |
| October 2024 | $322,510,452 | 4 | April 1, 2024 |
| October 2025 | $369,018,994 | 4 | March 24, 2025 |
| October 2026 | $409,558,720 | 5 | March 31, 2026 |

Regulatory assets under management: $296,744,653 in the October 2021 data and $409,558,720 in the October 2026 data, up 38%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $369,018,994 to $409,558,720 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Broadlake Financial Management (CRD 105057): Form ADV filing data as of October 2026.