DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Bright Portfolios, LLC
Latest filing Mar 31, 2026
First filing on the tape Nov 14, 2024 · 5 filings
SEC status approved since Dec 13, 2024
RAUM
$136M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$136M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$136M as of Mar 31, 2026
Mar 31, 2025$81.1M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 31, 2026
Mar 31, 20253 then
Employees (5.A)4 as of Mar 31, 2026
Mar 31, 20254 then
Private funds: no history
RAUM +67% over the last fiscal yearIARs 3 to 2
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $136MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $136MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +67%derivedbetween the last two annual amendments
- Advisor growth, one year
- -33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for investment companies, otherreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$136M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Benjamin J MalickChartered Financial Analyst | Lee'S Summit, Mo | Sep 18, 2017 | 17 y | 6 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 100% of current headcount2 left over 36 months
Left, latest
- Stephen Stricklin to Wealth Enhancement Advisory Services, LLCOct 31, 2025 · Other
- Mark Turner Riefer to Wise Wealth, LLCAug 18, 2025 · Other
Joined, latest
- Mark Turner Riefer from Clear Money PathJan 26, 2024 · Other
- Stephen Stricklin from Wise Wealth, LLCSep 18, 2017 · Other
- Benjamin J Malick from Inspire Investing, LLCSep 18, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- J Benjamin Malick · Chief Compliance Officer/Managercontrolsince 06/2017 · owns less than 5%
- Stephen Stricklin · Managercontrolsince 06/2017 · owns less than 5%
- J Benjamin Malick · Managing Member/Ownercontrolsince 05/2016 · owns 75% or more of Three Nine Financial, LLC
- Stephen Stricklin · Managing Member/Ownercontrolsince 06/2007 · owns 75% or more of Wise Wealth, LLC
Entity owners
- Wise Wealth, LLC · Memberdirect · owns 50% to 75%
- Three Nine Investments LLC · Memberdirect · owns 50% to 75%
Related persons
Schedule D 7.A
- Wise Wealth, LLCinvestment adviseryRAUM $304M
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lees Summit, Mo | 1 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $81,061,964 to $135,700,708 (+67.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +4.0% (1148 comparable advisers, 94.0th percentile of changes)peers: asset managers, $100M to $500M (1,148) · 94% percentile
What changed
consecutive filings, newest first
- Discretionary RAUM · $81.1M to $136MAug 18, 2025 to Mar 31, 2026
- RAUM · $81.1M to $136MAug 18, 2025 to Mar 31, 2026
- Related adviser · true to falseAug 18, 2025 to Mar 31, 2026
- Advisory employees · 3 to 2Mar 31, 2025 to Aug 18, 2025
- State-registered IARs · 3 to 2Mar 31, 2025 to Aug 18, 2025
- Accounts · unset to 1.0Nov 20, 2024 to Mar 31, 2025
- Insurance-licensed employees · 3 to 1Nov 20, 2024 to Mar 31, 2025
- Financial planning clients · unset to Nov 20, 2024 to Mar 31, 2025
- Discretionary RAUM · unset to 81061964.0Nov 20, 2024 to Mar 31, 2025
- Non-discretionary RAUM · unset to 0.0Nov 20, 2024 to Mar 31, 2025
- RAUM · unset to 81061964.0Nov 20, 2024 to Mar 31, 2025
Signals
3 dated events
- Stephen Stricklin left Bright Portfolios, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-11-03)Oct 31, 2025 · Advisor changed firm · fact
- Mark Turner Riefer left Bright Portfolios, Llc for Wise Wealth, Llc (registered 2024-01-26)Aug 18, 2025 · Advisor changed firm · fact
- Bright Portfolios, Llc filed its initial SEC registration (Form ADV)Nov 14, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/BRIGHTPORTFOLIOSreportedpublic record, Form ADV, Sep 17, 2026
- Website
- BRIGHTPORTFOLIOS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 877-274-7678reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $136Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026