Bst Wealth Management, LLC (Albany)

Name: Bst Wealth Management, LLC
Address: 26 Computer Drive West, Albany, NY, 12205
Telephone: 518-459-6700

Bst Wealth Management, LLC is a mid-sized advisory firm based in Albany. It manages $60.77 million of regulatory assets for 151 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Bst Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Bst Wealth Management: assets under management

The assets under management (AUM) of Bst Wealth Management, LLC is $60.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $60.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $402.48 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bst Wealth Management is high net worth individuals with 13 clients and $42.84 million of assets under management. Among the 1 most similar advisory firms, Bst Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $60.77 million for 70 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.

Bst Wealth Management doesn't advise any private funds.

Careers at Bst Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Richard Owen Bollam	Member	1 Mar 2004	Other	4040337
Joseph A. Torani	Member	1 Mar 2004	Other	4067191
Brian William Nobis	Member	1 Mar 2004	Other	4184164
John R Johnson	Member	1 Mar 2004	Other	4184126
Ronald L Guzior	Member	1 Jan 2010	Other	4187706
William C Freitag	Member	1 Jan 2010	Other	4184654
Kristen Diane Berdar	Member	1 Jan 2010	Other	4377640
Jeffrey L. Sapper	Member	1 Jan 2010	Other	5771891
Jeffrey P. Roude	Member	1 Jan 2010	Other	5771895
Stephen Louis Ferraro	Member & chief compliance officer	1 Jan 2010	Other	4377636
Lissa Maria Mcnaughton	Chief compliance officer / wealth manager	1 Apr 2016	Other	1578960
Llp Bst & Co. Cpas	Member	1 Apr 2016	75% - 100%	14-1442607
Llp Bst & Co.	Member	1 Apr 2016	75% - 100%	14-1442607
Robert Alan Canterbury	Chief compliance officer / senior wealth advisor	1 Feb 2017	Other	1899073

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John R Johnson	Partner	1 Jan 2016	25% - 50%	4184126

Based in Albany

The principal office where Bst Wealth Management, LLC performs its advisory services is located at 26 Computer Drive West, Albany, NY 12205, 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 518-459-6700 or by fax 518-459-8492. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at bstwealth.com.