Red Lighthouse Investment Management, LLC (New York)

Name: Red Lighthouse Investment Management, LLC
Address: 200 W. 67 Th Street, New York, NY, 10023
Telephone: 917-660-0980

Red Lighthouse Investment Management, LLC is a large advisory firm based in New York. It manages $251.37 million of regulatory assets for 262 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Maine, New York, and Vermont.

Red Lighthouse Investment Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Red Lighthouse Investment Management: assets under management

The assets under management (AUM) of Red Lighthouse Investment Management, LLC is $251.37 million. The firm's AUM has grown by 606% since the beginning of its operation, and $2.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $247.84 million in discretionary accounts and $3.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $953.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.76 million.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in non-exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Red Lighthouse Investment Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Red Lighthouse Investment Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Red Lighthouse Investment Management is high net worth individuals with 57 clients and $230.86 million of assets under management. Among the 8 most similar advisory firms, Red Lighthouse Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $239.27 million for 84 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Red Lighthouse Investment Management doesn't advise any private funds.

Careers at Red Lighthouse Investment Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark H Sladkus	Member/chief compliance officer	1 Nov 2007	75% - 100%	874154
Gary Charles Link	Member	1 Aug 2015	Other	2703651

Based in New York

The principal office where Red Lighthouse Investment Management, LLC performs its advisory services is located at 200 W. 67 Th Street, New York, NY 10023, which is also the mailing address of the firm. An additional office of the firm is in Warren, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-660-0980 or by fax 503-635-2955. The normal business hours are 8:30 am - 5:30 pm on Other. You can find more information about the New York firm at redlighthouseinvestmentmanagement.com.