May Barnhard Investments LLC, D/B/A Mbi LLC (Bethesda)

May Barnhard Investments LLC, D/B/A Mbi LLC is a large advisory firm based in Bethesda. It manages $189 million of regulatory assets for 301 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of District of Columbia, Maryland, and Virginia.

May Barnhard Investments LLC, D/B/A Mbi provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

May Barnhard Investments LLC, D/B/A Mbi: assets under management

The assets under management (AUM) of May Barnhard Investments LLC, D/B/A Mbi LLC is $189 million. The firm's AUM has grown by 88% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $175 million in discretionary accounts and $14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $587.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.67 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay May Barnhard Investments LLC, D/B/A Mbi LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients May Barnhard Investments LLC, D/B/A Mbi serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of May Barnhard Investments LLC, D/B/A Mbi is high net worth individuals with 78 clients and $169 million of assets under management. Among the 7 most similar advisory firms, May Barnhard Investments LLC, D/B/A Mbi has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $189 million for 96 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.

May Barnhard Investments LLC, D/B/A Mbi doesn't advise any private funds.

Careers at May Barnhard Investments LLC, D/B/A Mbi LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives 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.

Debora E. May has served as the Chief Investment Officer since 1 Nov 2013. Aleksandr S Seleznev joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Judith P Barnhard	Chief compliance officer	1 Nov 2013	25% - 50%	4566341
Jeffrey A May	Chief financial officer	1 Nov 2013	25% - 50%	4566340
Debora E. May	Chief investment officer	1 Nov 2013	25% - 50%	4567573
Aleksandr S Seleznev	Chief operating officer	1 May 2017	Other	5716633

Based in Bethesda

The principal office where May Barnhard Investments LLC, D/B/A Mbi LLC performs its advisory services is located at 7910 Woodmont Ave, Suite 500, Bethesda, MD 20814, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (301) 986-0600 or by fax 301-656-4310. The normal business hours are 9 am to 5 pm on Monday - Friday.