Bulltick Wealth Management, LLC (Miami)

Name: Bulltick Wealth Management, LLC
Address: 333 Se 2 Nd Ave, Miami, FL, 33131
Telephone: 305-533-1541

Bulltick Wealth Management, LLC is a large advisory firm based in Miami. It manages $415.36 million of regulatory assets for 152 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida and Texas.

Bulltick Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bulltick Wealth Management: assets under management

The assets under management (AUM) of Bulltick Wealth Management, LLC is $415.36 million. The firm's AUM has grown by 342% since the beginning of its operation, and $369.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $362.84 million in discretionary accounts and $52.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.59 million.

Investments

The firm invests in exchange traded securities the most. They account for 24% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in pooled investment vehicles form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bulltick 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 Bulltick Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Bulltick Wealth Management is high net worth individuals with 101 clients and $270.49 million of assets under management. Among the 11 most similar advisory firms, Bulltick Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $415.36 million for 152 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 84% of the firm’s clients are foreign persons or businesses.

Bulltick Wealth Management doesn't advise any private funds.

Careers at Bulltick Wealth Management, LLC

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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
Llc Bulltick Wealth Management Holdings	Member	1 Sep 2005	75% - 100%	20-3857627
Llc Progress Wealth Management	Member	1 Sep 2005	75% - 100%	20-3857627
Humberto Banuelos Caamano	Manager	1 Jan 2008	Other	5156168
Agustin Toussaint	Manager	1 Apr 2008	Other	4644681
Jared Ryan Wilson	Chief compliance officer	1 Feb 2011	Other	5322068
William Albert Herrera	Chief financial officer	1 Oct 2012	Other	2153052
Jeferson M Moreira	Chief compliance officer	1 Jun 2015	Other	5083219

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Bulltick Capital Markets Holdings	Owner	1 Mar 2012	75% - 100%	27-3855239
Llc Bulltick General Partner	General partner	1 Oct 2012	Other	27-3864564

Based in Miami

The principal office where Bulltick Wealth Management, LLC performs its advisory services is located at 333 Se 2 Nd Ave, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in Shenandoah, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-533-1541 or by fax 305-374-0017. The normal business hours are 9am to 5 pm on Monday - Friday. You can find more information about the New York firm at bulltick.com.