# First Light Financial

> First Light Financial is a state-registered investment advisory firm, registered since 2007, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 7, 2026.

- CRD: 118922
- Filed as: FIRST LIGHT FINANCIAL
- Legal name: Holden, Douglas K
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Filing period: October 2026
- Form ADV filing dated: March 7, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/118922
- AdvisorCensus page: https://advisorcensus.com/firm/first-light-financial-118922

## Quick answers

**How is First Light Financial compensated?**
On its Form ADV (Item 5.E, October 2026), First Light Financial reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is First Light Financial registered with the SEC or a state?**
First Light Financial is a state-registered investment advisory firm, registered since 2007. Status as filed: APPROVED. CRD 118922.

**How much does First Light Financial manage?**
First Light Financial reports $17,044,689 in regulatory assets under management in its Form ADV filing dated March 7, 2026 (100% discretionary).

**What types of clients does First Light Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (24).

**Does First Light Financial report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/118922

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $17,044,689
- Discretionary: $17,044,689
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 24 | $17,044,689 |
| High net worth individuals | 0 | $0 |
| 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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2007 (18 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Light Financial (CRD 118922): Form ADV filing data as of October 2026.