PlannerFees

Bright Lantern Financial LLC fees and pricing

Financial planner in Chicago, Illinois. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated January 30, 2026, Bright Lantern Financial LLC charges $400 an hour and a quarterly fee of $2,200 for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed January 30, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate
$400/hr
“We charge $400/hour for these services and will provide a fixed fee based on the complexity of the clients’ needs.”
Quarterly fee
$2,200/qtr
“Sally’s Portfolio Management fee turns out to be $2200 per quarter.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Bright Lantern Financial LLC bills

Payment and refund terms, quoted from the fee section of the brochure.

  • “Fees will be withdrawn in advance directly from the client’s account(s) at the beginning of each calendar quarter based on the market value of the account(s).”
  • “The client will be charged a prorated fee for their final partial quarter.”
  • “Since Kyle has paid for all of his second quarter fees in advance, he is owed a refund of $176.63 since he only ended up utilizing Bright Lantern’s services for 82 of the 92 days of the quarter: $1,625 – ($1,625 * 82 / 92) = $176.63.”

How Bright Lantern Financial LLC’s fees compare

  • Its hourly rate of $400 is above the Illinois median of $273. 80% of the 215 other Illinois planners that publish an hourly rate charge less.
  • 40 of the 54 other planners in Chicago that publish an hourly rate charge less.

About Bright Lantern Financial LLC

“Bright Lantern provides ongoing asset based portfolio management as well as one-time financial planning. One Time Financial Planning Bright Lantern offers clients one-time financial planning services for clients that want to implement their plan themselves.”
From the firm's description of its advisory business in its Form ADV brochure.
  • Solo practice: one person runs the firm, so you work directly with the planner.
  • Registered as an adviser: 2011 (15 years).

Planning areas mentioned in the brochure

  • Cash flow and budgeting

Firm details from Form ADV

How the firm is paid
Hourly fees, percentage of assets under management
Charges a % of assets
Yes
Highest asset based fee in brochure
0.75% a year
Clients
10
Employees
1
Works with
High net worth individuals
Services reported to regulators
Financial planning and portfolio management for individuals and small businesses
Assets managed
$25,874,854
Registered with
State securities regulators
Disciplinary disclosures
None reported
SEC CRD number
157940
Website
brightlanternfinancial.com (opens in new tab)
Phone
(773) 644-1253

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