Northlight Financial LLC (New York)

Name: Northlight Financial LLC
Address: One Grand Central Place, New York, NY, 10165
Telephone: 212-247-0330

Northlight Financial LLC is a mid-sized advisory firm based in New York. It manages $88.74 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2006.

Northlight Financial provides portfolio management for pooled investment vehicles and investment advice to pooled investment vehicles and non descretionary advisory services for businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northlight Financial: assets under management

The assets under management (AUM) of Northlight Financial LLC is $88.74 million. The firm's AUM has gone down by -68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.44 million in discretionary accounts and $86.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $43.15 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northlight Financial LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Northlight Financial serves?

The only and largest group of clients of Northlight Financial is pooled investment vehicles with 3 clients and $88.74 million of assets under management. Among the 2 most similar advisory firms, Northlight Financial has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $88.74 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Northlight Financial also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Northlight Financial LLC

The company employs 5 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
Michael H. Jahrmarkt	Managing member and chief compliance officer	1 Nov 2002	25% - 50%	5082448
Robert Bryan Woods	Member	1 Nov 2002	25% - 50%	1703230
Mark P. Hirschhorn	Member	1 Nov 2002	25% - 50%	5082451
Jl Holdings 2002 Llc	Member	1 Nov 2002	Other	30-0125234
Michael Henry Jahrmarkt	Managing member	1 Nov 2002	25% - 50%	5082448
Chris E Jahrmarkt	Managing director	1 Jan 2010	Other	2541865
Christopher Eric Jahrmarkt	Member & managing director	1 Jan 2010	Other	2541865
Mark P. Hirschhorn	Member and chief compliance officer	1 Sep 2016	25% - 50%	5082451
Mark Philip Hirschhorn	Member and chief compliance officer	1 Sep 2016	25% - 50%	5082451

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Fiduciary Management Services	Trustee	1 Mar 2002	Other	16-1668324
Tom Kelly	Shareholder	1 Mar 2002	75% - 100%	5907845
The 2002 Justin Haber Trust	Member	1 Sep 2002	25% - 50%	13-7339038
The 2002 Lily Haber Trust	Member	1 Sep 2002	25% - 50%	13-7339040
The 2002 Samantha Haber Trust	Member	1 Sep 2002	25% - 50%	13-7339039

Based in New York

The principal office where Northlight Financial LLC performs its advisory services is located at One Grand Central Place, New York, NY 10165, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-247-0330 or by fax 646-873-6548. The normal business hours are 9:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at northlightfinancial.com.