Bbr Partners, LLC (New York)

Name: Bbr Partners, LLC
Address: Two Grand Central Tower, New York, NY, 10017
Telephone: 212-313-9870

Bbr Partners, LLC is a large advisory firm based in New York. It manages $15.89 billion of regulatory assets for 3,670 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 27 other states.

Bbr Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bbr Partners: assets under management

The assets under management (AUM) of Bbr Partners, LLC is $15.89 billion. The firm's AUM has grown by 3913% since the beginning of its operation, and $1.63 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $13.75 billion in discretionary accounts and $2.14 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.18 million.

Bbr Partners has custody of $659.8 million in cash and securities for 194 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 33% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bbr Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mary Lehman Maclachlan serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Mary Lehman Maclachlan is high net worth individuals with 1,150 clients and $10.44 billion of assets under management. Among the 10 most similar advisory firms, Bbr Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $15.89 billion for 1,307 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Bbr Partners also advises several private funds. Namely, nine hedge funds, two real estate funds, and sixteen private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.

Careers at Bbr Partners, LLC

The company employs 115 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. No 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.

Mary Lehman Maclachlan has been acting as President since 1 Feb 2000. Sarah Elise Coyne joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brett Harriss Barth	Partner	1 Jan 2000	25% - 50%	2547806
Brett Harris Barth	Partner	1 Jan 2000	25% - 50%	2547806
Evan Michael Roth	Partner	1 Feb 2000	25% - 50%	2445363
Arthur Edward Black	Partner	1 Feb 2000	25% - 50%	2785912
Mary Lehman Maclachlan	Director	1 Feb 2000	Other	2776782
Michael Scott Goldberg	Director	1 Aug 2003	Other	2239351
Stephanie Jones Gromek	Director	1 Jan 2004	Other	4217019
Michael W Anson	Cco	1 Jun 2004	Other	2432585
Todd Casey Whitenack	Principal	1 Dec 2004	Other	2817049
Susan Warren Sofronas	Director	1 Dec 2005	Other	1455955
Stephanie Jones Gromek	Principal	1 Jan 2006	Other	4217019
Steven Roy Katz	Director	1 Dec 2007	Other	4258612
Sean Robert Apgar	Director	1 Jul 2008	Other	5613207
Steven Roy Katz	Principal	1 Dec 2008	Other	4258612
Michael Scott Goldberg	Principal	1 Jan 2009	Other	2239351
Cary Marc Klivan	Director	1 Jan 2009	Other	5656489
Brett Harris Barth	Manager	1 Dec 2010	25% - 50%	2547806
Evan Michael Roth	Manager	1 Dec 2010	25% - 50%	2445363
Michael W Anson	Partner, chief compliance officer	1 Dec 2010	Other	2432585
Stephanie Jones Gromek	Partner	1 Dec 2010	Other	4217019
Michael Scott Goldberg	Partner	1 Dec 2010	Other	2239351
Todd Casey Whitenack	Partner	1 Dec 2010	Other	2817049
Steven Roy Katz	Partner	1 Dec 2010	Other	4258612
Lp Lpc Evolution	Member	1 Dec 2010	25% - 50%	27-3955887
Evan Roth Grat No. 1	Member	1 Dec 2010	Other	xxx-xx-xxxx
Arthur Edward Black	Manager	1 Dec 2010	Other	2785912
Sean Robert Apgar	Partner	1 Dec 2011	Other	5613207
Cary Marc Klivan	Chief financial officer	1 Nov 2012	Other	5656489
Arthur Edward Black	Member	1 Dec 2012	Other	2785912
Barry Mark Klayman	Partner, chief operating officer	1 May 2013	Other	4132454
Steven David Pressman	Partner	1 Dec 2014	Other	5439598
Jennifer M Joyce	Partner	1 Dec 2015	Other	6627692
Jonathan G Miles	Partner	1 Dec 2015	Other	5075962
William C Page	Partner	1 Dec 2015	Other	6627696
Lp Bbr Partners Holdings	Member	1 May 2016	75% - 100%	81-2662494
Llc Bbr Partners Holdings Gp	Managing member	1 May 2016	Other	81-2651390
Ryan K Preston	Partner	1 Dec 2016	Other	4799169
Marc Richard Koslowsky	Partner	1 Dec 2017	Other	5649518
Alan Raboy	Chief financial officer	1 Sep 2018	Other	2170256
Sarah Elise Coyne	Partner	1 Dec 2018	Other	4888697
Benjamin Salomon Metzger	Partner	1 Dec 2018	Other	5863257

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lindsay B Roth	Trustee	1 Jun 2007	50% - 75%	5873615
Jessica Roth Lasser	Trustee	1 Jun 2007	50% - 75%	5873617
Llc Lpc Evolution Gp	General partner	1 Dec 2010	Other	27-3955806
Seth William Brennan	Member	1 Dec 2010	75% - 100%	2265759
Anthony Harfield Leness	Member	1 Dec 2010	25% - 50%	2531211
Llc Lp Holdings Evolution	Member	1 Dec 2010	75% - 100%	27-3955966
Brett Harris Barth	Limited partner	1 May 2016	25% - 50%	2547806
Evan Michael Roth	Limited partner	1 May 2016	25% - 50%	2445363
Lp Lpc Evolution	Member	1 May 2016	25% - 50%	27-3955887
Llc Lincoln Peak Capital	Managing member	1 Jun 2018	75% - 100%	83-0897912
Llc Lpc Evolution 2	Limited partner	1 Sep 2018	25% - 50%	83-1286690

Based in New York

The principal office where Bbr Partners, LLC performs its advisory services is located at Two Grand Central Tower, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-313-9870 or by fax 646-588-5023. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at bbrpartners.com.