{ "crd_number": 107196, "slug": "petra-financial-advisors-inc-colorado-springs-co-107196", "primary_business_name": "PETRA FINANCIAL ADVISORS INC", "legal_name": "PETRA FINANCIAL ADVISORS INC", "dbas": [ "LIGHTHOUSE FINANCIAL, LLC" ], "city": "Colorado Springs", "state": "CO", "country": "United States", "cbsa_code": "17820", "metro": { "cbsa_code": "17820", "common_name": "Colorado Springs", "msa_name": "Colorado Springs, CO", "path": "/advisors/co/colorado-springs" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1991-06-27", "years_registered": 35, "period": "2026-10-01", "filing_date": "2026-03-02", "carried_forward": false, "raum_total": 447237190.0, "raum_discretionary": 447237190.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 15, "advisory_employees": 7, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 450206.0, "count": null, "fewer_than_5": true }, "individuals": { "raum": 93434789.0, "count": 255 }, "pension_profit_sharing": { "raum": 6270915.0, "count": null, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 347081280.0, "count": 123 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "CO", "FL", "LA", "NE", "OR", "TX", "WA" ], "websites": [ "https://facebook.com/LighthousefinancialLLC", "https://lighthousefinancialllc.com", "https://petrafinancial.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107196", "city_as_filed": "COLORADO SPRINGS", "url": "https://advisorcensus.com/firm/petra-financial-advisors-inc-colorado-springs-co-107196", "display_name": "Petra Financial Advisors Inc", "summary": "Petra Financial Advisors Inc is an SEC-registered investment advisory firm in Colorado Springs, CO, registered since 1991, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 2, 2026.", "citation": "AdvisorCensus. Petra Financial Advisors Inc (CRD 107196): 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", "Pension consulting services" ], "quick_answers": [ { "q": "How is Petra Financial Advisors Inc compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Petra Financial Advisors Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Petra Financial Advisors Inc located?", "a": "Petra Financial Advisors Inc's principal office is in Colorado Springs, CO, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Petra Financial Advisors Inc registered with the SEC or a state?", "a": "Petra Financial Advisors Inc is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 107196." }, { "q": "How much does Petra Financial Advisors Inc manage?", "a": "Petra Financial Advisors Inc reports $447,237,190 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (100% discretionary)." }, { "q": "How have Petra Financial Advisors Inc's assets and staff changed since 2021?", "a": "In the Form ADV data for Petra Financial Advisors Inc: Regulatory assets under management: $174,090,333 in the October 2021 data and $447,237,190 in the October 2026 data, up 157%. Total employees: 8 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Petra Financial Advisors Inc serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (255); high net worth individuals (123)." }, { "q": "Which custodians does Petra Financial Advisors Inc use?", "a": "Petra Financial Advisors Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC (affiliated with the firm) and SEI Investments Distribution Co. as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Petra Financial Advisors Inc 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/107196" }, { "q": "What changed in Petra Financial Advisors Inc's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $387,778,985 to $447,237,190 (+15%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 174090333.0, "total_employees": 8, "filing_date": "2021-04-01" }, { "period": "2022-10-01", "regulatory_assets_under_management": 248967083.0, "total_employees": 8, "filing_date": "2022-09-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 305765819.0, "total_employees": 11, "filing_date": "2023-04-13" }, { "period": "2024-10-01", "regulatory_assets_under_management": 357186375.0, "total_employees": 13, "filing_date": "2024-09-23" }, { "period": "2025-10-01", "regulatory_assets_under_management": 387778985.0, "total_employees": 14, "filing_date": "2025-03-10" }, { "period": "2026-10-01", "regulatory_assets_under_management": 447237190.0, "total_employees": 15, "filing_date": "2026-03-02" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $387,778,985 to $447,237,190 (+15%)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Added an office in Colorado Springs, CO.", "No longer lists an office in Broomfield, CO." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": true }, { "name": "SEI Investments Distribution Co.", "name_as_filed": "SEI INVESTMENTS DISTRIBUTION CO.", "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/petra-financial-advisors-inc-colorado-springs-co-107196.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 255, "fewer_than_5": false, "raum": 93434789.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 123, "fewer_than_5": false, "raum": 347081280.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": null, "fewer_than_5": true, "raum": 6270915.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 450206.0 } ], "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/107196", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }