Bright Portfolios, LLC is an investment advisory firm that builds and manages model portfolios and exchange-traded funds exclusively for other registered investment advisors, rather than working directly with individual retail investors. Founded in 2017 and based in Lee's Summit, Missouri, Bright Portfolios operates under a proprietary investment philosophy called the Common Good Framework. This framework involves a two-stage process: first, an elimination screen that excludes companies involved in activities like abortion-related drugs, pornography, tobacco, alcohol, gambling, cannabis, embryonic stem cell research, weapons designed to kill, and predatory lending; and second, an evaluation across six pillars measuring a company's contribution to human flourishing, including dignity, justice, charity, integrity, stewardship, and leadership. The firm offers several strategies, including Focused Equity, Diversified Equity, Fixed Income Ladder, Diversified Fixed Income, and simplified Foundation options. Additionally, Bright Portfolios serves as a subadvisor for exchange-traded funds such as the Bright Portfolios FIS Bright Portfolios Focused Equity ETF and the Bright Portfolios FIS Bright Portfolios Investment Grade Corporate Bond ETF. The firm uses a combination of quantitative screens, values-based screens, fundamental analysis, and artificial intelligence tools to support its research and portfolio management processes.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.50% |
Fees vary by strategy: Diversified models range from 0.15% to 0.30% annually, while Focused Equity and Fixed Income Ladder separately managed accounts range from 0.35% to 0.50% annually. Fees are negotiable.