Bsi Wealth Management LLC (New York)


Bsi Wealth Management LLC is an adviser based in New York. It manages $13.12 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, Minnesota, New York, and Texas.

Bsi Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bsi Wealth Management: assets under management

The assets under management (AUM) of Bsi Wealth Management LLC is $13.12 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.6 thousand each.
Bsi Wealth Management has custody of $7.29 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in other assets form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bsi Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Bsi Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Bsi Wealth Management is high net worth individuals with 10 clients and $9.44 million of assets under management. Among the 3 most similar advisory firms, Bsi Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $13.12 million for 23 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.

Bsi Wealth Management doesn't advise any private funds.

Careers at Bsi Wealth Management LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Llc Brewer Sports International Managing member 1 Sep 2009 75% - 100% 27-0764639
Jack Brewer Chief compliance officer 1 Dec 2009 Other 5391749
Jesse Mathias Meehan Chief compliance officer 1 Oct 2010 Other 5839136
Jack Brewer Chief compliance officer 1 Dec 2010 50% - 75% 5391749

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jack Brewer Managing member 1 Aug 2009 75% - 100% 5391749
Lindsay Allan Rosenwald Principal 1 Aug 2009 50% - 75% 1617535
The Brewer Group Inc Owner 1 Dec 2009 75% - 100% 203692035
Barbarian Llc Owner 1 Aug 2011 Other 264060138

Based in New York

The principal office where Bsi Wealth Management LLC performs its advisory services is located at 125 Park Ave, New York, NY 10017 The mailing address of the firm is 6200 Excelsior Blvd., St. Louis Park, MN 55416. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-955-6267 or by fax 866-578-3480. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at brewercapital.us.