Bip Wealth, LLC (Atlanta)

Name: Bip Wealth, LLC
Address: 3575 Piedmont Rd, Atlanta, GA, 30305
Telephone: 404-495-5230

Bip Wealth, LLC is a large advisory firm based in Atlanta. It manages $948.98 million of regulatory assets for 2,791 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 5 other states.

Bip Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bip Wealth: assets under management

The assets under management (AUM) of Bip Wealth, LLC is $948.98 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $734.73 million in discretionary accounts and $214.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $303.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $575.93 thousand.

Bip Wealth has custody of $552.56 million in cash and securities for 512 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bip Wealth, 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 Bip Wealth serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Bip Wealth is high net worth individuals with 286 clients and $777.44 million of assets under management. Among the 10 most similar advisory firms, Bip Wealth has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $948.67 million for 684 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.

Bip Wealth doesn't advise any private funds.

Careers at Bip Wealth, LLC

The company employs 20 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Llc Bip Managing Partner	Member	1 May 2007	50% - 75%	45-4855856

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Andrew Buffington	Member	1 May 2007	50% - 75%	4419164
William Joseph Harris	Member	1 May 2007	50% - 75%	2166332

Based in Atlanta

The principal office where Bip Wealth, LLC performs its advisory services is located at 3575 Piedmont Rd, Atlanta, GA 30305, which is also the mailing address of the firm. An additional office of the firm is in Alpharetta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-495-5230 or by fax 404-495-5239. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/1185286.