Brighton Securities Corp. (Rochester)


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.

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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.