Bonfire Financial, LLC (Colorado Springs)

Name: Bonfire Financial, LLC
Address: 2 North Nevada, Colorado Springs, CO, 80903
Telephone: 719-394-3900

Bonfire Financial, LLC is an adviser based in Colorado Springs. It manages $67.63 million of regulatory assets for 221 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Colorado.

Bonfire Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bonfire Financial: assets under management

The assets under management (AUM) of Bonfire Financial, LLC is $67.63 million. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $63.05 million in discretionary accounts and $4.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $290.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.15 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bonfire Financial, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bonfire Financial serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bonfire Financial is high net worth individuals with 26 clients and $44.43 million of assets under management. Among the 0 most similar advisory firms, Bonfire Financial has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $67.63 million for 97 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.

Bonfire Financial doesn't advise any private funds.

Careers at Bonfire Financial, LLC

The company employs 2 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 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
Brian C Colvert	Managing member, chief compliance officer	1 Apr 2017	75% - 100%	5304258

Based in Colorado Springs

The principal office where Bonfire Financial, LLC performs its advisory services is located at 2 North Nevada, Colorado Springs, CO 80903, 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 719-394-3900. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bonfirefinancial.com.