Brite Advisors Usa, Inc. (New York)

Brite Advisors Usa, Inc. is a large advisory firm based in New York. It manages $417.76 million of regulatory assets for 897 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Colorado, Connecticut, and 21 other states.

Brite Advisors Usa provides financial planning services, pension consulting services, educational seminars and workshops, and investment advisory services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brite Advisors Usa: assets under management

The assets under management (AUM) of Brite Advisors Usa, Inc. is $417.76 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in other assets the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brite Advisors Usa, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brite Advisors Usa serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Brite Advisors Usa is high net worth individuals with 155 clients and $211.91 million of assets under management. Among the 8 most similar advisory firms, Brite Advisors Usa has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $417.76 million for 897 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.

Brite Advisors Usa doesn't advise any private funds.

Careers at Brite Advisors Usa, Inc.

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Martin Anthony Byrne joined the executive team most recently as the Chief Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nigel C Gregory	Chief executive officer	1 Jul 2018	Other	6988743
Stephen Dain Philp	Chief compliance officer	1 Aug 2018	Other	4620936
Brite Advisors Limited	Shareholder	1 Feb 2019	75% - 100%	foreign entity
Martin Anthony Byrne	Chief executive officer	1 Jun 2019	Other	5881714

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Michael Mckenna	Shareholder	1 Jan 2019	75% - 100%	7077187

Based in New York

The principal office where Brite Advisors Usa, Inc. performs its advisory services is located at 115 Broadway, New York, NY 10006, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-366-5180 or by fax 646-664-0678. The normal business hours are 8:30 am - 5:00 pm monday-thursday. 8:30am to 3:00 pm on friday on Monday - Friday.