Brighton Securities Corp. (Rochester)

Name: Brighton Securities Corp.
Address: 1703 Monroe Avenue, Rochester, NY, 14618
Telephone: 585-473-3590

Brighton Securities Corp. is a large advisory firm based in Rochester. It manages $390.2 million of regulatory assets for 1,685 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Brighton Securities Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brighton Securities Corp: assets under management

The assets under management (AUM) of Brighton Securities Corp. is $390.2 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $200.59 million in discretionary accounts and $189.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $206.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $265.56 thousand.

Brighton Securities Corp has custody of $24.33 million in cash and securities for 30 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in other assets form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brighton Securities Corp. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 George Thomas Conboy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Thomas Conboy is individuals with 1,139 clients and $214.49 million of assets under management. Among the 7 most similar advisory firms, Brighton Securities Corp has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $390.2 million for 1,271 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Brighton Securities Corp doesn't advise any private funds.

Careers at Brighton Securities Corp.

The company employs 39 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 10 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.

George Thomas Conboy has been acting as President since 1 Nov 1999. Scenic Buffalo joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marshall Lee Levine	Shareholder	1 Mar 1969	Other	307985
Michael Damon Guinness	Director	1 Apr 1978	Other	231824
Arnold Rosenblatt	Director	1 Jul 1982	Other	1052856
C Walter Ries	Shareholder	1 Sep 1992	Other	846279
Catherine Ann Gilmore	Director	1 Feb 1995	Other	1434719
C Walter Ries	Shareholder	1 Feb 1995	Other	846279
Hannah Levine Rosenblatt	Shareholder	1 Feb 1995	Other	1827260
Catherine Ann Groden	Director	1 Feb 1995	Other	1434719
Joseph Patrick Ryan	Director	1 Aug 1997	Other	1257063
Timothy Paul Fenity	Shareholder	1 Oct 1998	Other	1427482
George Thomas Conboy	Chairman	1 Nov 1999	75% - 100%	1283395
David Lawrence Dewind	Shareholder	1 Dec 2002	Other	1043805
Robert Scott Levine	Shareholder	1 Mar 2003	Other	2233874
Daniel Stewart Beaton	Fin op	1 Feb 2006	Other	xxx-xx-xxxx
Robert Lawrence Lohwater	Chief compliance officer	1 Jun 2006	Other	1232267
Robert A Kravetz	Financial advisor	1 Jan 2009	Other	5136584
Alexandra Rose Conboy	Managing director	1 Jul 2010	Other	5242518
Robert A Kravetz	Senior vice president - financial advisor	1 Jan 2013	Other	5136584
Alexandra Rose Conboy	Chief executive officer	1 Apr 2013	Other	5242518
Michael Charles Francis	Senior vice president - financial advisor	1 Dec 2013	Other	704540
Mark Christopher Ferraro	Chief compliance officer	1 Mar 2014	Other	6070983
Jai S. Ramachandran	Chief executive officer	1 Aug 2014	Other	5586706
Catherine Lynn Mustico	Chief compliance officer	1 Sep 2014	Other	6110025
Michelle Susan Fisher	Finop	1 Nov 2014	Other	2179806
Michelle Susan Fisher	Chief compliance officer	1 Jan 2015	Other	2179806
Brennan Richard Redmond	Senior vice president - financial advisor	1 Jan 2015	Other	5335239
Douglas Arthur Hendee	Vice president	1 Sep 2016	Other	3203666
Jared Kopp	Finop	1 Jun 2017	Other	6734122
Brighton Securities Holdings Inc	Sole owner of brighton securities corp and brighton securities tax services inc.	1 Jan 2018	75% - 100%	82-3898365
George Thomas Conboy	Chairman	1 Jan 2018	Other	1283395

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Charles Francis	Senior vice president - financial advisor	1 Jan 2018	Other	704540
Douglas Arthur Hendee	Vice president	1 Jan 2018	Other	3203666
Robert A Kravetz	Senior vice president- financial advisor	1 Jan 2018	Other	5136584
Jai S. Ramachandran	Chief executive officer, chief compliance officer	1 Jan 2018	Other	5586706
Joseph Boyd	Vice president - financial advisor	1 Feb 2018	Other	5715005
Stephen T. Hicks	Financial advisor	1 Feb 2018	Other	5383772
Ethan Joel Wade	Vice president - financial advisor	1 Feb 2018	Other	6103060
Charles William Wade	Vice president - financial advisors	1 Feb 2018	Other	6039665
Scenic Buffalo	Shareholder	1 Oct 2018	Other	16-1544630

Based in Rochester

The principal office where Brighton Securities Corp. performs its advisory services is located at 1703 Monroe Avenue, Rochester, NY 14618, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-473-3590 or by fax 585-473-9835. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at brightonsecurities.com/ and its LinkedIn profile.