Inlight Wealth Management, LLC (Atlanta)

Name: Inlight Wealth Management, LLC
Address: 1175 Peachtree Street Ne, Atlanta, GA, 30361
Telephone: 404-551-2808

Inlight Wealth Management, LLC is a large advisory firm based in Atlanta. It manages $260.71 million of regulatory assets for 493 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Florida, Georgia, North Carolina, and Texas.

Inlight Wealth Management 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 more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Inlight Wealth Management: assets under management

The assets under management (AUM) of Inlight Wealth Management, LLC is $260.71 million. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $247.16 million in discretionary accounts and $13.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $735.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $86.29 thousand.

Inlight Wealth Management has custody of $91.85 million in cash and securities for 55 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 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in government bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Inlight Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Inlight Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Inlight Wealth Management is high net worth individuals with 90 clients and $252.12 million of assets under management. Among the 9 most similar advisory firms, Inlight Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $260.71 million for 143 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.

Inlight Wealth Management doesn't advise any private funds.

Careers at Inlight Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Samuel Mark Stern	Manager, cco	1 Aug 2017	75% - 100%	6852941
Jason S Joffe	Manager, chief investment officer, cco	1 Oct 2017	75% - 100%	4270351
Angie Dumler	Member	1 Oct 2017	Other	5198863
Ben Esser	Member	1 Oct 2017	Other	4269026
Angelique F Dumler	Member	1 Oct 2017	Other	5198863
Benjamin David Esser	Member	1 Oct 2017	Other	4269026

Based in Atlanta

The principal office where Inlight Wealth Management, LLC performs its advisory services is located at 1175 Peachtree Street Ne, Atlanta, GA 30361, 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 404-551-2808 or by fax 470-266-2333. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at inlightwealth.com.