# Light Financial Services, Inc.

> Light Financial Services, Inc. is an SEC-registered investment advisory firm in Fargo, ND, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 131678
- Filed as: LIGHT FINANCIAL SERVICES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fargo, ND
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131678
- AdvisorCensus page: https://advisorcensus.com/firm/light-financial-services-inc-fargo-nd-131678

## Quick answers

**How is Light Financial Services, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Light Financial Services, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Light Financial Services, Inc. located?**
Light Financial Services, Inc.'s principal office is in Fargo, ND, according to its Form ADV.

**Is Light Financial Services, Inc. registered with the SEC or a state?**
Light Financial Services, Inc. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 131678.

**How much does Light Financial Services, Inc. manage?**
Light Financial Services, Inc. reports $175,538,267 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Light Financial Services, Inc.'s assets and staff changed since 2022?**
In the Form ADV data for Light Financial Services, Inc.: Regulatory assets under management: $110,530,164 in the October 2022 data and $175,538,267 in the October 2026 data, up 59%. Total employees: 2 in October 2022 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Light Financial Services, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (588); high net worth individuals (33); corporations or other businesses not listed above (1).

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

**Does Light Financial Services, Inc. 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/131678

**Does Light Financial Services, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Minimum Assets Under Management: There are no set minimum assets under management required for this service, it is determined on a case -by-case basis." "Light Financial Services Inc. does not have any required account minimum."

**What changed in Light Financial Services, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $145,111,574 to $175,538,267 (+21%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: None

> Minimum Assets Under Management: There are no set minimum assets under management required for this service, it is determined on a case -by-case basis.

> Light Financial Services Inc. does not have any required account minimum.

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.
- Matrix Executions, 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: $175,538,267
- Discretionary: $174,681,675
- Non-discretionary: $856,592

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 588 | $130,685,486 |
| High net worth individuals | 33 | $42,063,177 |
| Corporations or other businesses not listed above | 1 | $2,789,604 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, MN, ND
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lightfinancialservices.com
- Facebook @LIGHTFINANCIAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $110,530,164 | 2 | August 30, 2022 |
| October 2023 | $103,837,312 | 2 | September 13, 2023 |
| October 2024 | $125,790,175 | 2 | February 26, 2024 |
| October 2025 | $145,111,574 | 2 | March 18, 2025 |
| October 2026 | $175,538,267 | 2 | March 25, 2026 |

Regulatory assets under management: $110,530,164 in the October 2022 data and $175,538,267 in the October 2026 data, up 59%.
Total employees: 2 in October 2022 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $145,111,574 to $175,538,267 (+21%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Light Financial Services, Inc. (CRD 131678): Form ADV filing data as of October 2026.