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FIRST LIGHT ASSET MANAGEMENT, LLC
CRD 168899File 801-78528
APPROVED
Retail clients
Custody
Filing as of Mar 24, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.41B
Above cohort median (national)
Discretionary AUM
$1.41B
Clients
861
861 accounts
Employees
14
Above cohort median in MN
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Sep 20, 2013
- Principal office
- 3300 EDINBOROUGH WAY, SUITE 201, EDINA, MN, 55435
- Phone
- 952-831-6500
- Website
- HTTP://WWW.FIRSTLIGHTAM.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.41B
- Discretionary AUM
- $1.41B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 861
- Non-discretionary accounts
- 0
- Total accounts
- 861
- AUM per client
- $1.6M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 18 | $26.5M |
| Charitable organizations | 7 | $4.1M |
| High net worth individuals | 659 | $354.8M |
| Pooled investment vehicles | 5 | $975.2M |
| Pension and profit sharing plans | 5 | $5.6M |
| Individuals (other than high net worth individuals) | 167 | $41.3M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 15 | 14 | decreased by1 |
| Apr 1, 2026 | Clients | 1,077 | 861 | decreased by216 |
| Apr 1, 2026 | AUM | $1,131,174,724 | $1,407,517,876 | increased by$276,343,152 |
| Apr 1, 2026 | Accounts | 1,077 | 861 | decreased by216 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 13 | 15 | increased by2 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 1,138 | 1,077 | decreased by61 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,460,778,244 | $1,131,174,724 | decreased by$329,603,520 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,138 | 1,077 | decreased by61 |
| Apr 1, 2022 | Clients | 996 | 1,138 | increased by142 |
| Apr 1, 2022 | AUM | $1,400,003,777 | $1,460,778,244 | increased by$60,774,467 |
| Apr 1, 2022 | Accounts | 996 | 1,138 | increased by142 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “FIRST LIGHT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“FIRST LIGHT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.