Brighton Jones is a fee-only wealth management firm based in Seattle. It also has offices in Portland, San Francisco, Scottsdale, and Washington, D.C. The firm currently has more than $5 billion in assets under management (AUM). Brighton Jones provides advice on such topics as estate planning, retirement savings and investment management.
Brighton Jones Background
Brighton Jones first opened its doors in December 1999 in Washington state. It then became a registered investment advisor (RIA) in 2000. Today, Charles Brighton and Jon Jones serve as principal owners.
What Types of Clients Does Brighton Jones Accept?
Brighton Jones works with the following types of clients:
- Individuals including high-net-worth ones
- Pension and profit-sharing plans
Brighton Jones Minimum Account Size
While the firm does not generally require a minimum investment, it does typically charge a minimum quarterly fee of $2,500 for its services. Brighton Jones may reduce or waive this fee at its own discretion.
Services Offered by Brighton Jones
Brighton Jones offers investment management and financial planning services. It can manage investment portfolios with asset allocations that adhere to the client's risk tolerance investment goals and other unique circumstances in order to help the client meet investment objectives.
Advisors can also provide stand-alone financial planning services depending on the client’s needs. The plan may cover various financial tasks including:
- Estate planning
- Tax management
- Real estate
- Retirement planning
In addition, the firm offers advisory services to plan sponsors of retirement plans under the Employee Retirement Income Security Act (ERISA). Brighton Jones can assist with various tasks such as offering investment selection advice for the plan’s participants.
Brighton Jones Investment Philosophy
Brighton Jones may utilize various investment strategies it considers suitable to help clients meet their investment goals. Below, we lay out some common methods of analysis that advisors may use:
Fundamental - involves analyzing the historical data of companies (earnings, expenses, liabilities, etc.) in order to develop financial forecasts
Technical - entails examining historical and present stock prices in order to project price movements
Cyclical - examinines historical relationships between price and market trends in order to forecast the direction of prices
Fees Under Brighton Jones
Brigton Jones generally charges an annual advisory fee for investment management based on a percentage of client AUM. This fee typically ranges from 0.35% to 1.25%.
The firm can also provide clients with stand-alone financial planning and consultation services. Fees are negotiable, but they usually range from $2,000 to $15,000 on a fixed-fee basis, and from $150 to $300 on an hourly rate basis.
Advisory fees will be prorated and paid quarterly in advance based upon the market value of the assets on the last business day of the previous quarter. They do not cover expenses such as custodial transaction fees and expenses related to the underlying funds your portfolio invests in. You should carefully analyze fund expense ratios found in the prospectus of each fund. You can also find important fee-related details in the investment advisory agreement you sign with Brighton Jones.
But you can compare Brighton's advisory fees against national median rates. We describe these below. But keep in mind this assumes your Brighton asset-based advisory fee is the minimum of 0.35%
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.|
|Estimated Fee Comparison*|
|Your Assets||Brighton Jones Advisory Fee (Minimum 0.35%)||National Median Advisory Fees**|
|$1MM||$3,500||$8,500 - $10,000|
|$5MM||$17,500||$25,000 - $32,500|
What to Watch Out For
Brighton Jones generally recommends TD Ameritrade or Fidelity Investments as the custodian for your account. Each firm charges brokerage commissions and/or transaction fees for initiating certain securities transactions, a framework that’s nearly universal for custodians in the investment advisory space.
Brighton Jones Disclosures
As of the time of this writing, the firm has no disciplinary or legal events in the past 10 years to disclose.
Opening an Account With Brighton Jones
You can open an account with Brighton Jones by calling the firm at (206) 258-5000, or by visiting its website at http://www.brightonjones.com/.
Where Is Brighton Jones Located?
Brighton Jones is based at the following address:
2030 1st Avenue, 3rd Floor
Seattle, Washington 98121
In addition, you can find branch offices at the following locations:
111 SW 5th Avenue, Suite 4100
Portland, Oregon 97204
445 Bush Street, 6th Floor
San Francisco, California 94108
4237 N. Craftsman Court, Suite 200
Scottsdale, Arizona 85251
8270 Greensboro Drive, Suite 725
McLean, Virginia 22102
All information was accurate as of the writing of this article.
Tips on Finding a Financial Advisor
- Ask questions. Before you agree to work with a financial advisor, you want to make sure the advisor is qualified and can meet your needs. One good to question to ask: what type of clients do you specialize in serving? For some pointers, check out our report on the five questions to ask when working with a financial advisor.
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