CRD#110295
Investment Advisor Firm
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Learn more about B&C Financial Advisors
Overview
B&C Financial Advisors is a financial advisor firm that has its headquarters in Ponte Vedra Beach, Florida. B&C Financial Advisors oversees $462.3 million in assets under management over 1,142 client accounts, placing it among the larger investment advisory firms in the United States by assets under management (AUM). B&C Financial Advisors has a small group, including 6 financial advisors. B&C Financial Advisors is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as bonds, equities and options.
B&C Financial Advisors manages more than half of the company's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction decisions for the client's account without requiring client consent. The company also administers 17 non-discretionary accounts with a total of $7.6 million in assets under management. B&C Financial Advisors's average account size is $404,798. The typical financial advisor at B&C Financial Advisors administers about 190 client accounts.
B&C Financial Advisors's central office is at 110 Professional Drive, Ponte Vedra Beach, Florida 32082. The firm is registered to serve clients throughout 11 U.S. states and territories.
Assets Under Management
$462.3 million
Number of Advisors
6
Disclosures
No
Office Location
110 Professional Drive
Ponte Vedra Beach, FL 32082
B&C Financial Advisors by the Numbers
Total Assets Under Management
$462.3 million
National Average: $8.6 billion
Total Number of Employees
11
National Average: 64
Total Number of Accounts
1,142
National Average: 375,227
Average Account Size
$404.8 thousand
National Average: $23.0 thousand
Products and Services
B&C Financial Advisors offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and pension consulting services. Notably, the firm did not provide financial planning services to any of its accounts in the last financial year. The firm is not engaged in selling products or offering services aside from investment advice to its investment advisory clients.
Core Advisor Services
- Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
- Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees depend on the services offered. Fee types charged by the company can include some combination of the following fee types: asset-based, hourly or fixed. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
- Offered by 69% of firms
Percentage of Assets
Show Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
- Offered by 21% of firms
Hourly
Show Explanation
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
- Offered by 32% of firms
Fixed
Show Explanation
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Unavailable
- Find one of the 1% of firms that offer this fee type
Commissions
Show Explanation
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
- Find one of the 26% of firms that offer this fee type
Performance-based
Show Explanation
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
- Find one of the 0% of firms that offer this fee type
Subscription
Show Explanation
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
- Find one of the 10% of firms that offer this fee type
Other
Show Explanation
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
B&C Financial Advisors caters to retail investors and high net worth investors. Out of its 1,142 clients, B&C Financial Advisors's biggest client group is retail investors, but it also serves 109 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 22.57%
- Other Individuals - 77.43%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
B&C Financial Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at B&C Financial Advisors
Sean Guldi
Ponte Vedra Beach, FL
Adam Oerther
Ponte Vedra Beach, FL
Jonathan Bottaro
Ponte Vedra Beach, FL
Jessica Schmidt
Ponte Vedra Beach, FL
Thomas Ellis
Ponte Vedra Beach, FL
Jacqueline Bos
Ponte Vedra Beach, FL
Allan Cohen
Ponte Vedra Beach, FL
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact [email protected].
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