{ "crd_number": 324958, "slug": "lightsquare-wealth-management-llc-bingham-farms-mi-324958", "primary_business_name": "LIGHTSQUARE WEALTH MANAGEMENT, LLC", "legal_name": "LIGHTSQUARE WEALTH MANAGEMENT, LLC", "dbas": [ "NAYHIFE WEALTH MANAGEMENT" ], "city": "Bingham Farms", "state": "MI", "country": "United States", "cbsa_code": "19820", "metro": { "cbsa_code": "19820", "common_name": "Detroit", "msa_name": "Detroit-Warren-Dearborn, MI", "path": "/advisors/mi/detroit" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-06-21", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-06-12", "carried_forward": false, "raum_total": 203537151.0, "raum_discretionary": 199852231.0, "raum_non_discretionary": 3684920.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 5, "advisory_employees": 2, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 45378688.0, "count": 125 }, "high_net_worth_individuals": { "raum": 158158463.0, "count": 47 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AL", "FL", "GA", "IL", "MD", "MI", "NC", "NY", "TX", "VI" ], "websites": [ "https://lightsquarewealth.com", "https://linkedin.com/in/lyndonldavis", "https://nayhifewm.com", "https://youtube.com/@nayhife" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324958", "city_as_filed": "BINGHAM FARMS", "url": "https://advisorcensus.com/firm/lightsquare-wealth-management-llc-bingham-farms-mi-324958", "display_name": "Lightsquare Wealth Management, LLC", "summary": "Lightsquare Wealth Management, LLC is an SEC-registered investment advisory firm in Bingham Farms, MI, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 12, 2026.", "citation": "AdvisorCensus. Lightsquare Wealth Management, LLC (CRD 324958): 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", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Lightsquare Wealth Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Lightsquare Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Lightsquare Wealth Management, LLC located?", "a": "Lightsquare Wealth Management, LLC's principal office is in Bingham Farms, MI, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Lightsquare Wealth Management, LLC registered with the SEC or a state?", "a": "Lightsquare Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324958." }, { "q": "How much does Lightsquare Wealth Management, LLC manage?", "a": "Lightsquare Wealth Management, LLC reports $203,537,151 in regulatory assets under management in its Form ADV filing dated June 12, 2026 (98% discretionary)." }, { "q": "How have Lightsquare Wealth Management, LLC's assets and staff changed since 2023?", "a": "In the Form ADV data for Lightsquare Wealth Management, LLC: Regulatory assets under management: $113,200,000 in the October 2023 data and $203,537,151 in the October 2026 data, up 80%. Total employees: 2 in October 2023 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Lightsquare Wealth Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (125); high net worth individuals (47)." }, { "q": "Which custodians does Lightsquare Wealth Management, LLC use?", "a": "Lightsquare Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Lightsquare 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/324958" }, { "q": "What changed in Lightsquare Wealth Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $131,412,984 to $203,537,151 (+55%)." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 113200000.0, "total_employees": 2, "filing_date": "2023-06-13" }, { "period": "2024-10-01", "regulatory_assets_under_management": 112656799.0, "total_employees": 2, "filing_date": "2024-06-11" }, { "period": "2025-10-01", "regulatory_assets_under_management": 131412984.0, "total_employees": 3, "filing_date": "2025-04-30" }, { "period": "2026-10-01", "regulatory_assets_under_management": 203537151.0, "total_employees": 5, "filing_date": "2026-06-12" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $131,412,984 to $203,537,151 (+55%)." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "Registered or notice-filed in AL, IL, VI.", "No longer registered or notice-filed in NH." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Raymond James & Associates, Inc.", "name_as_filed": "RAYMOND JAMES & ASSOCIATES, 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/lightsquare-wealth-management-llc-bingham-farms-mi-324958.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 125, "fewer_than_5": false, "raum": 45378688.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 47, "fewer_than_5": false, "raum": 158158463.0 } ], "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/324958", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }