Lighthouse Investment Advisors, Inc.

Lighthouse Investment Advisors is a fee‑based independent advisory firm that primarily serves individual clients and also provides retirement‑plan services to qualified plans. Its offerings include non‑discretionary asset management, ERISA 3(21) consulting for plan sponsors, referrals to third‑party money managers, and educational seminars, with financial planning included as part of asset management.

The firm generally operates on a non‑discretionary basis, proposing trades and monitoring portfolios but obtaining client approval before execution, and conducts quarterly reviews with additional reviews as needed. Investment analysis draws on fundamental, technical, and cyclical methods and supports both short‑term and long‑term strategies, with client objectives and risk tolerance documented in an investment policy statement.

Several features distinguish the firm from many peers: a substantial portion of its assets are managed non‑discretionarily and it explicitly offers pension consulting and ERISA 3(21) plan services, which are less common among small independent advisers. The owners also maintain an affiliated insurance business — the brochure discloses one owner spends about 60% of their time and the other about 30% on that practice — and the firm discloses referral and fee‑sharing arrangements with third‑party managers and vendor incentives; these relationships are addressed through disclosure and the firm’s stated fiduciary procedures.