Brightwater Advisory, LLC logo

Brightwater Advisory, LLC

Updated today

Client assets under management

$293,362,390

Clients

273

47% high-net worth

Advisors

2

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

137

Very High

Average account size

$1,074,588

About

Brightwater serves individual and high‑net‑worth clients, as well as charitable organizations, pension/profit‑sharing plans and business entities, managing about $303.8 million for roughly 273 client relationships with a two‑advisor team. The firm offers discretionary and non‑discretionary investment management, wealth management, financial planning and consulting.

Brightwater’s investment process is primarily fundamental, supplemented by limited technical analysis, using top‑down allocation informed by third‑party research and bottom‑up quantitative value metrics for security selection; model portfolios blend passive sleeves and active sleeves with a risk‑management overlay. Portfolios are largely long‑term but may be tactically adjusted for market and interest‑rate trends, and the firm also provides advice and allocation direction for held‑away products such as variable life/annuity contracts and employer‑sponsored retirement plans where assets remain with the product provider.

A notable and uncommon feature is that Brightwater sponsors and manages its own wrap fee program, a bundled arrangement that can result in higher aggregate fees than buying investment management and brokerage separately. The firm also routinely includes cash and certain held‑away assets in its fee calculations and operates with a relatively small advisory staff relative to its asset base, which may influence implementation and client servicing compared with larger advisory teams.

Client services

Financial planning Portfolio management

Expertise

Wealth management Income planning General tax planning Retirement plans for business owners (SEP, solo 401k)

Fee options

Fixed

Fixed fees range from $400 to $3,000

Percentage

$0 - $500,000: 1.50% Above $500,000+: 1.00%

Project-based

$200 to $400 per hour

Other

Fee-only: Fixed fees range from $400 to $3,000; hourly fees range from $200 to $400

Main office location

Brightwater Advisory, LLC

4613 W. North A St.

Tampa FL 33609, United States

Number of offices

1

Most active in

Florida · Georgia · North Carolina · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

David M

Series 63, Series 65

Tampa, FL

Brightwater Advisory, LLC

David Maddux is a financial advisor with Brightwater Advisory, LLC in Tampa, FL, holding Series 63 and Series 65 licenses and bringing 26 years of industry experience. He has been with Brightwater Advisory since 2014, following a brief tenure at Tampa Asset Management, LLC. Outside of his advisory role, he is a managing member of a commercial real estate LLC that owns the office building leased to Brightwater Advisory. Brightwater Advisory provides investment management, wealth management, financial planning, and consulting services to individuals, charitable organizations, pension and profit-sharing plans, and business entities. The firm employs a primarily fundamental investment process supplemented by technical analysis and offers both discretionary and non-discretionary portfolio management.

Wealth management Income planning General tax planning Retirement plans for business owners (SEP, solo 401k)
user avatar

Barry B

CFP®, Series 65

Tampa, FL

Brightwater Advisory, LLC

Barry Brindise is a CFP® and Series 65-licensed advisor with five years of industry experience, currently with Brightwater Advisory, LLC in Tampa, FL. His prior work includes a consulting role and a 12-year tenure at Catalina Marketing. Outside of advisory work, he is the owner of Oakellar LLC, a real estate investment related to managing a single-family residence. Brightwater Advisory provides investment management, wealth management, financial planning, and consulting services to individuals, including high-net-worth clients, as well as charitable organizations and business entities. The firm employs a primarily fundamental investment process supplemented by technical analysis and manages a wrap fee program alongside standard advisory accounts.

Wealth management Income planning General tax planning Retirement plans for business owners (SEP, solo 401k)
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