Lighthouse Financial manages investment portfolios and offers ongoing financial planning guidance for individuals, high-net-worth clients, trusts, estates, corporations, and non-profit foundations. Founded in 2008 and based in Saint Petersburg, Florida, Lighthouse Financial builds personalized portfolios using stocks, bonds, mutual funds, and exchange-traded funds based on each client's goals, risk tolerance, and investment policy statement. Portfolios are reviewed daily, and clients receive quarterly performance updates. The firm also offers hourly consulting services for clients who want advice without ongoing portfolio management. Principal Steven A. Wotovich brings over 29 years of industry experience.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 0.95% |
| $1.0M - $5.0M | 0.75% |
| $5M+ | 0.50% |
Rates apply to individual equities. Mutual funds and exchange-traded funds are charged a discounted annual rate of 0.40%, individual bonds are charged 0.20%, and cash is not charged. Fees are negotiable.