First Light Financial
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
First Light Financial is a fee-only independent advisory firm that provides financial planning and investment management primarily to individual clients, offering customized financial and investment plans, account setup and implementation, and ongoing reporting and consultations. The firm generally works with households that meet a stated minimum account threshold, while occasionally making exceptions for adult children of existing clients.
The firm follows a primarily passive, low-cost index-based strategy it refers to as TIPS Plus!, using low-cost index funds for each asset class while reserving the right to use actively managed funds when an index option is deemed unsuitable; it also may engage in periodic rebalancing and tax-loss harvesting. Investment recommendations are implemented with client involvement: the firm manages portfolios with limited discretionary authority for routine rebalancing but seeks client authorization for most transactions.
Notable operational features include an exclusive custodial relationship: the firm will only manage accounts held at Charles Schwab and participates in Schwab’s One Source mutual fund marketplace, while disclosing it receives no commissions or referral fees from the custodian. The practice is long-established with a small client roster and multi-million-dollar AUM, and it maintains a structured review process that includes daily monitoring of core holdings and regular weekly, monthly, quarterly, and annual reviews.
Client services
Expertise
Fee options
$0 - $500,000: 1.25% annually (Financial and Investment Planning Fee, upon plan delivery, on invested assets up to $1,000,000) $500,001 - $1,000,000: 0.50% annually (Financial and Investment Planning Fee, one-half of 1% on remainder above $1,000,000) $0 - $500,000: 1.00% annually (Account Management Fee: 0.25% per quarter) $500,001 - $1,000,000: 0.80% annually (Account Management Fee: 0.20% per quarter) $1,000,001+: 0.60% annually (Account Management Fee: 0.15% per quarter)
Account minimum: $100,000 Fee-only: Fee-only financial planning and investment advisory firm; fees paid directly by clients; no commissions received.
Main office
Colorado Springs CO
Advisors at this office
1
Most active in
Colorado · North Carolina
Also doing business as
First Light Financial · Holden, Douglas K
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.
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