Bcs Wealth Managment, LLC (Johnson City)

Name: Bcs Wealth Managment, LLC
Address: 801 C Sunset Drive, Johnson City, TN, 37604
Telephone: 423-283-9821

Bcs Wealth Managment, LLC is a large advisory firm based in Johnson City. It manages $290.26 million of regulatory assets for 789 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Missouri, North Carolina, South Carolina, Tennessee, and Virginia.

Bcs Wealth Managment provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bcs Wealth Managment: assets under management

The assets under management (AUM) of Bcs Wealth Managment, LLC is $290.26 million. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.64 million in discretionary accounts and $1.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $179.48 thousand.

Bcs Wealth Managment has custody of $118.93 million in cash and securities for 125 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bcs Wealth Managment is high net worth individuals with 54 clients and $201.61 million of assets under management. Among the 8 most similar advisory firms, Bcs Wealth Managment has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $285.46 million for 398 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.

Bcs Wealth Managment doesn't advise any private funds.

Careers at Bcs Wealth Managment, LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 6 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Lee Alread	Member	1 Apr 1998	Other	2403699
Scb Partnership	Member	1 Nov 2010	75% - 100%	27-3947589
Nicholas Andrew Clay	Member	1 Jan 2011	Other	5389805
Lauren Shockley Olander	Chief compliance officer	1 Oct 2014	Other	6439286
Nathan Christopher Goodwin	Member	1 Jan 2017	Other	6161633
Myra Alyne O'dell	Member	1 Jun 2017	Other	5421493

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Karen Childress Mcmurray	General partner	1 Nov 2010	Other	4458849
Travis Stanton Mcmurray	General partner	1 Nov 2010	Other	4766856
Jeffrey Joe Blackburn	General partner	1 Nov 2010	Other	4458845
Thomas Samual Greer	General partner	1 Nov 2010	Other	4458851
Melissa Shawn Steagall Jones	General partner	1 Nov 2010	Other	4497247
Wade Harrison Farmer	General partner	1 Nov 2010	Other	4642650
Charles Roy Huffman	General partner	1 Nov 2010	Other	5283472
Chad Thomas Kisner	General partner	1 Nov 2010	Other	5768265
Kevin Robinson Peters	General partner	1 Nov 2010	Other	5768271
James Andrew Hatfield	General partner	1 Jan 2012	Other	6167532
Michael F Eddy	General partner	1 Dec 2015	Other	3165784

Based in Johnson City

The principal office where Bcs Wealth Managment, LLC performs its advisory services is located at 801 C Sunset Drive, Johnson City, TN 37604 The mailing address of the firm is 801 C Sunset Drive, Johnson City, TN 37604. An additional office of the firm is in Kingsport, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 423-283-9821 or by fax 423-232-0457. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at bcswealth.com/.