Bland Garvey Wealth Advisors, LLC (Richardson)

Name: Bland Garvey Wealth Advisors, LLC
Address: 2600 North Central Expressway, Richardson, TX, 75080
Telephone: 972-231-2503

Bland Garvey Wealth Advisors, LLC is a large advisory firm based in Richardson. It manages $136.64 million of regulatory assets for 320 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Texas.

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

Bland Garvey Wealth Advisors: assets under management

The assets under management (AUM) of Bland Garvey Wealth Advisors, LLC is $136.64 million. The firm's AUM has gone down by -17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $136.52 million in discretionary accounts and $117.26 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $429.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.63 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bland Garvey Wealth Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bland Garvey Wealth Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bland Garvey Wealth Advisors is high net worth individuals with 46 clients and $106.75 million of assets under management. Among the 9 most similar advisory firms, Bland Garvey Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.43 million for 108 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.

Bland Garvey Wealth Advisors doesn't advise any private funds.

Careers at Bland Garvey Wealth Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Charles Garvey	Manager & chief compliance officer	1 Mar 2005	Other	5112454
Lori Annette Eads	Manager	1 Mar 2005	Other	5112485
P.C. Bland Garvey	Member	1 Mar 2005	75% - 100%	75-1854024

Based in Richardson

The principal office where Bland Garvey Wealth Advisors, LLC performs its advisory services is located at 2600 North Central Expressway, Richardson, TX 75080, 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 972-231-2503 or by fax 972-783-6501. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at blandgarveywealthadvisors.com.