Bpp Wealth Solutions, LLC (New York)

Name: Bpp Wealth Solutions, LLC
Address: 45 Broadway, New York, NY, 10006
Telephone: 646-402-9770

Bpp Wealth Solutions, LLC is a mid-sized advisory firm based in New York. It manages $44.8 million of regulatory assets for 195 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Colorado, New Jersey, New York, and Texas.

Bpp Wealth Solutions provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bpp Wealth Solutions: assets under management

The assets under management (AUM) of Bpp Wealth Solutions, LLC is $44.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $44.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $229.76 thousand each.

Bpp Wealth Solutions has custody of $78.9 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 27% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bpp Wealth Solutions, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bpp Wealth Solutions serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bpp Wealth Solutions is high net worth individuals with 37 clients and $40.23 million of assets under management. Among the 0 most similar advisory firms, Bpp Wealth Solutions has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $44.8 million for 62 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bpp Wealth Solutions doesn't advise any private funds.

Careers at Bpp Wealth Solutions, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Debra Lynn Schatzki	Managing member / chief compliance officer	1 Feb 2013	75% - 100%	1025388
Laura Lee Flanagan	Cco	1 Jan 2016	Other	6447979
Tracy Anne Goldenberg	Chief operating officer	1 Sep 2018	Other	1998274

Based in New York

The principal office where Bpp Wealth Solutions, LLC performs its advisory services is located at 45 Broadway, New York, NY 10006 The mailing address of the firm is 100 Marketplace, Basking Ridge, NJ 07920. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-402-9770 or by fax 908-263-7348. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bppwealth.com.