Bp Wealth Management, LLC (Boston)

Name: Bp Wealth Management, LLC
Address: Ten Post Office Square, Boston, MA, 02109
Telephone: 800-422-6172

Bp Wealth Management, LLC is a large advisory firm based in Boston. It manages $8.94 billion of regulatory assets for 8,763 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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

Bp Wealth Management: assets under management

The assets under management (AUM) of Bp Wealth Management, LLC is $8.94 billion. The firm's AUM has grown by 99% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.81 billion in discretionary accounts and $1.13 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $925.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.47 million.

Bp Wealth Management has custody of $5.18 billion in cash and securities for 218 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bp Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Bp Wealth Management, LLC

Clayton George Deutsch has been acting as President since 1 Oct 2014. Reed Thomas Manning has served as the Chief Investment Officer since 1 Oct 2014. William Thomas Oberlies joined the executive team most recently as the Executive Managing Director Trust Services.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Boston Private Bank & Trust Company	Owner	1 Oct 2014	75% - 100%	04-2942314
Peter John Raimondi	Chief executive officer, director	1 Oct 2014	Other	1264256
Sharon Anne Daniels	Chief operating officer	1 Oct 2014	Other	1242783
Patrick E Tylander	Chief financial officer	1 Oct 2014	Other	5515799
Lauri Beth London	General counsel and chief compliance officer	1 Oct 2014	Other	2252045
Reed Thomas Manning	Chief investment officer	1 Oct 2014	Other	4710363
Scott Dell'orfano	Chief strategic officer	1 Oct 2014	Other	2126534
Sullivan J John	Executive vice president, chief business development officer	1 Oct 2014	Other	6405833
Clayton George Deutsch	Director	1 Oct 2014	Other	5860322
Mark Thompson	Director	1 Oct 2014	Other	6406289
David J Kaye	Director	1 Oct 2014	Other	5903932
George Schwartz	Director	1 Oct 2014	Other	6406302
Scott Dell'orfano	Chief strategic officer	1 Nov 2014	Other	2126534
Christopher John Parker	Chief administrative officer	1 Nov 2014	Other	4759274
David John Costigan	Executive director of wealth management	1 Nov 2014	Other	3097323
Thomas Kenneth Anderson	Executive director of investment consulting & communication	1 Nov 2014	Other	2114287
William Thomas Oberlies	Executive managing director-trust services	1 Feb 2015	Other	3139346

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Boston Private Financial Holdings	100% owner	1 Sep 1987	75% - 100%	04-2976299

Based in Boston

The principal office where Bp Wealth Management, LLC performs its advisory services is located at Ten Post Office Square, Boston, MA 02109, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach Gardens, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-422-6172 or by fax 561-630-9788. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at banyanpartners.net.