Bcr Wealth Strategies (Vestavia)

Name: Bcr Wealth Strategies
Address: 1952 Urban Center Parkway, Vestavia, AL, 35242 2594
Telephone: 205-298-1234

Bcr Wealth Strategies is a large advisory firm based in Vestavia. It manages $236.83 million of regulatory assets for 939 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, California, Georgia, and 4 other states.

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

Bcr Wealth Strategies: assets under management

The assets under management (AUM) of Bcr Wealth Strategies is $236.83 million. The firm's AUM has grown by 0% since the beginning of its operation, and $335.19 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $236.43 million in discretionary accounts and $395.05 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $197.52 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bcr Wealth Strategies for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bcr Wealth Strategies serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bcr Wealth Strategies is high net worth individuals with 73 clients and $150.03 million of assets under management. Among the 9 most similar advisory firms, Bcr Wealth Strategies has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.72 million for 274 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bcr Wealth Strategies doesn't advise any private funds.

Careers at Bcr Wealth Strategies

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Sandra Mitchell Cleveland	Managing member	1 Sep 2011	50% - 75%	4570085
Marshall Peter Rathmell	Managing member	1 Sep 2011	50% - 75%	5657799
Kristie M Clayton	Chief compliance officer	1 Apr 2018	Other	6911658

Based in Vestavia

The principal office where Bcr Wealth Strategies performs its advisory services is located at 1952 Urban Center Parkway, Vestavia, AL 35242 2594, which is also the mailing address of the firm. An additional office of the firm is in Clifton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205-298-1234 or by fax 205-298-1230. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bcrwealth.com.