Bpbi LLC (New York)

Bpbi LLC is a mid-sized advisory firm based in New York. It manages $54.94 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Bpbi provides portfolio management for individuals and small businesses, selection of other advisers, and sub-advisor. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bpbi: assets under management

The assets under management (AUM) of Bpbi LLC is $54.94 million, all of which is managed in discretionary accounts. $51.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $54.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.85 million each.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bpbi LLC for their services and products based on a percentage of assets under management. 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 Bpbi serves?

The only and largest group of clients of Bpbi is high net worth individuals with 7 clients and $54.94 million of assets under management. Among the 6 most similar advisory firms, Bpbi has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $54.94 million for 7 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 94% of the firm’s clients are foreign persons or businesses.

Bpbi doesn't advise any private funds.

Careers at Bpbi LLC

The company employs 2 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Adolfo Demetrio Rios Oliver	Shareholder and chief compliance officer	1 May 2016	75% - 100%	6647840
Adolfo Demetrio Rios Oliver	Chief executive officer, managing member	1 Oct 2016	75% - 100%	6647840
Carlos Alberto Ponce	Chief compliance officer	1 Mar 2018	Other	5233318

Based in New York

The principal office where Bpbi LLC performs its advisory services is located at 900 Third Avenue 35 Th Floor, New York, NY 10022, 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 9179515150. The normal business hours are by appointment only on Other.