A. Firm Information
BridgeLight Capital LLC (“BridgeLight” or the “Advisor”) is a registered investment advisor located in the State of
Arizona, which is organized as a Limited Liability Company (LLC) under the laws of the State of Arizona.
BridgeLight was founded in February 2010 and is owned and operated by Gary T. Stringer (Founder and CEO). This
Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services
provided by BridgeLight.
B. Advisory Services Offered
BridgeLight offers investment advisory services to individuals and high net worth individuals in the State of
Arizona and other states (each referred to as a “Client”). BridgeLight is registered as an investment adviser with
the U.S. Securities and Exchange Commission and is notice filed in Arizona and other states, as required.
Investment Management Services
BridgeLight provides customized investment advisory solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary investment management and
related advisory services. BridgeLight works closely with each Client to identify their investment goals and
objectives as well as risk tolerance and financial situation in order to create a portfolio strategy. BridgeLight will
then construct a portfolio, consisting of diversified mutual funds and/or exchange-traded funds (“ETFs”) to
achieve the Client’s investment goals. The Advisor may also utilize individual stocks, bonds or options contracts
to meet the needs of its Clients. The Advisor may retain certain types of investments based on a Client’s legacy
portfolio construction.
BridgeLight’s investment strategy[ies] is primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held less than one year to meet the objectives of the Client or due to market conditions.
BridgeLight will construct, implement and monitor the portfolio to ensure it meets the goals, objectives,
circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place
reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance
by the Advisor.
BridgeLight evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. BridgeLight may recommend, on occasion, redistributing investment allocations to diversify
the portfolio. BridgeLight may recommend specific positions to increase sector or asset class weightings. The
Advisor may recommend employing cash positions as a possible hedge against market movement. BridgeLight
may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or
losses, business or sector risk exposure to a specific security or class of securities, overvaluation or
overweighting of the position[s] in the portfolio, change in risk tolerance of Client, generating cash to meet Client
needs, or any risk deemed unacceptable for the Client’s risk tolerance.
At no time will BridgeLight accept or maintain custody of a Client’s funds or securities, except for authorized
deduction of the Advisor’s fees. All Client assets will be managed within their designated brokerage account or
pension account, pursuant to the Client investment advisory agreement. Please see Item 12.
Financial Planning Services
BridgeLight will typically provide a variety of financial planning and consulting services to Clients, pursuant to a
written financial planning agreement. Services are offered in several areas of a Client’s financial situation,
depending on their goals, objectives and financial situation.
Generally, such financial planning services involve preparing a formal financial plan or rendering a specific
financial consultation based on the Client’s financial goals and objectives. This planning or consulting may
encompass one or more areas of need, including but not limited to, investment planning, retirement planning,
personal savings, education savings, estate planning, tax planning and other areas of a Client’s financial
situation.
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A financial plan developed for or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs. BridgeLight
may also refer
Clients to an accountant, attorney or other specialist, as appropriate for their unique situation. For certain
financial planning engagements, the Advisor will provide a written summary of Client’s financial situation,
observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a
written summary. Plans or consultations are typically completed within six months of contract date, assuming all
information and documents requested are provided promptly.
Financial planning and consulting recommendations may pose a conflict between the interests of the Advisor and
the interests of the Client. For example, a recommendation to engage the Advisor for investment management
services or to increase the level of investment assets with the Advisor would pose a conflict, as it would increase
the advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the
Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the
recommendations made by the Advisor, the Client is under no obligation to effect the transaction through the
Advisor.
Use of Independent Managers
BridgeLight may recommend that a Client utilize one or more unaffiliated investment managers or investment
platforms (collectively “Independent Managers”) for all or a portfolio of a Client’s investment portfolio. In such
instances, the Client will then enter into an advisory agreement with the Independent Manager[s] that defines the
terms in which the Independent Manager[s] will provide investment management and related services.
BridgeLight may also assist in the development of the initial policy recommendations and managing the ongoing
Client relationship. BridgeLight will perform initial and ongoing oversight and due diligence over the selected
Independent Manager[s] to ensure the Independent Managers’ strategies and target allocations remain aligned
with its clients’ investment objectives and overall best interests. The Client, prior to entering into an agreement
with unaffiliated money manager[s] or investment advisor[s], will be provided with the advisor's Form ADV 2A (or
a brochure that makes the appropriate disclosures).
C. Client Account Management
Prior to engaging BridgeLight to provide investment advisory services, each Client is required to enter into or
more agreements with the Advisor that defines the terms, conditions, authority and responsibilities of the Advisor
and the Client. These services may include:
• Establishing an Investment Strategy – BridgeLight, in connection with the Client, may develop a
statement that summarizes the Client’s investment goals and objectives along with the broad
strategy[ies] to be employed to meet the objectives.
• Asset Allocation – BridgeLight will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – BridgeLight will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision – BridgeLight will provide investment management and
ongoing oversight of the Client’s relationship’s investment portfolio.
D. Wrap Fee Programs
BridgeLight may include the securities transaction costs and platform fees together with a slightly higher
investment advisory fee. Including these fees into a single asset-based fee is considered a “wrap fee program”.
Depending on the level of trading required for the Client’s account[s] in a particular year, the Client may pay more
or less in total fees than if the Client paid its own transaction fees. Clients may incur charges for other account
services provided not directly related to the execution and clearing of transactions, including, but not limited to:
IRA custodial fees, safekeeping fees, wire transfer fees, interest charges on margin loans, exchange fees, and
fees for transfers of securities.
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Please see Appendix I –Wrap Fee Program Brochure, which is included as a supplement to this Disclosure
Brochure.
E. Assets Under Management
As of December 31, 2023, the most recent date for which such calculations are provided pursuant to securities
regulations, BridgeLight manages the following assets:
Assets Under Management Assets
Discretionary Assets $ 138,999,173
Non-Discretionary Assets $0
Total $ 138,999,173
Clients may request more current information at any time by contacting the Advisor.