Broadlake Financial Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$391,623,489
Clients
451
Advisors
4
of 5 employees
About
Broadlake Financial Management is a team-based registered investment adviser that manages roughly $410 million for about 450 clients, serving individuals (both non‑HNW and high‑net‑worth), companies, and nonprofit entities. The firm provides discretionary portfolio management, ongoing (non‑comprehensive) financial planning sessions as a complimentary service to advisory clients, and acts as an adviser to employer‑sponsored retirement plans, including participant education and plan investment selection.
Investment decisions are guided by client-specific Investment Policy Statements and model templates, with portfolios implemented across stocks, bonds, mutual funds, ETFs and REITs. Broadlake combines fundamental, macro‑economic and technical analysis—using ETFs to implement macro views—and allows clients to impose constraints (for example, socially responsible criteria) that are documented in the IPS; accounts are reviewed periodically and clients are encouraged to meet annually.
What is distinctive for a firm of this size is the combination of serving employer plans while also offering a reduced fee schedule for nonprofit organizations and operating via an in‑house investment committee that groups accounts by model for review and trading. The firm custodies client assets at major custodians without soft‑dollar arrangements, does not vote client proxies, and permits directed or aggregated trades when appropriate.
Client services
Expertise
Fee options
$0.00 - $500,000: 1% $500,000 - $1,000,000: 0.90% $1,000,000 - $1,500,000: 0.80% $1,500,000 - $2,000,000: 0.75% $2,000,000 - $3,000,000: 0.70% Above $3,000,000+: Negotiable
Account minimum: $50,000 Fee-only: Asset-based management fees as per tiered schedule; negotiable above $3,000,000; 90% of normal fee schedule for non-profits; fees negotiable for non-discretionary accounts.
Main office
99 Swift Street, Suite 305
South Burlington VT 05403-7360
Advisors at this office
4
Most active in
Arizona · California · Colorado · Connecticut · Florida · Maine · Massachusetts · New Hampshire · New York · North Carolina · South Carolina · Texas · Vermont · Virginia
Also doing business as
Broadlake Financial Management · Eley Financial Management, Inc. · Eley Management Associates Inc
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Andrew M
Series 65
South Burlington, VT
Broadlake Financial Management
Andrew Murphy is a Series 65-licensed financial advisor at Broadlake Financial Management with 19 years of industry experience. He has worked at Eley Financial Management since 2005. Broadlake Financial Management provides discretionary asset management and advisory services to individuals, non-profit organizations, and employer-sponsored retirement plans. The firm uses documented Investment Policy Statements tailored to client goals and employs fundamental, macro-economic, and technical analysis in its investment approach.
Joseph D
CFP®, Series 65
S Burlington, VT
Broadlake Financial Management
Joseph Diebold is a CFP® with 31 years of industry experience and has been with Eley Management Associates Inc since 1992. He is based in South Burlington, VT, and holds a Series 65 license. Diebold is part of the four-advisor team at Broadlake Financial Management. Broadlake Financial Management provides discretionary asset management and advisory services to individuals, non-profit organizations, and employer-sponsored retirement plans. The firm uses documented Investment Policy Statements tailored to client needs and applies fundamental, macro-economic, and technical analysis in its investment approach.
Matthew M
CFA®, Series 63, Series 65
South Burlington, VT
Broadlake Financial Management
Matthew Malaney is a CFA® charterholder with 18 years of industry experience. He is based in South Burlington, VT, and has been with Eley Financial Management, Inc. since 2007. He holds Series 63 and Series 65 licenses. Broadlake Financial Management provides discretionary asset management and advisory services to individuals, non-profit organizations, and employer-sponsored retirement plans. The firm uses documented Investment Policy Statements and a combination of fundamental, macro-economic, and technical analysis to manage portfolios, and reported $369 million in discretionary assets under management as of December 2024.
Joseph S
Series 65
South Burlington, VT
Broadlake Financial Management
Joseph Smithwick is a Series 65-licensed advisor with 19 years of industry experience. He is affiliated with Broadlake Financial Management and has worked at Eley Financial Management, Inc. since 2004. Broadlake Financial Management provides discretionary asset management and advisory services to individuals, non-profit organizations, and employer-sponsored retirement plans. The firm employs a documented Investment Policy Statement to guide investment decisions and utilizes fundamental, macro-economic, and technical analysis within a structured portfolio management framework.
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