Bnb Wealth Management, LLC is a large advisory firm based in Silver Spring. It manages $181 million of regulatory assets for 519 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 4 other states.
Bnb Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bnb Wealth Management, LLC is $181 million. The firm's AUM has grown by 57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Bnb Wealth Management, LLC 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bnb Wealth Management is individuals with 547 clients and $102.1 million of assets under management. Among the 7 most similar advisory firms, Bnb Wealth Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $181 million for 689 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.
Bnb Wealth Management doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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.
The principal office where Bnb Wealth Management, LLC performs its advisory services is located at 8730 Georgia Avenue, Silver Spring, MD 20910, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 301-562-7300-207 or by fax 301-562-7310. The normal business hours are 8:30 am to 7:00 pm on Monday - Friday. You can find more information about the New York firm at bnbinc.com/.