Bks Advisors LLC (Southfield)

Name: Bks Advisors LLC
Address: 28411 Northwestern Hwy., Southfield, MI, 48034
Telephone: 248-358-6500

Bks Advisors LLC is a large advisory firm based in Southfield. It manages $300.68 million of regulatory assets for 1,052 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

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

Bks Advisors: assets under management

The assets under management (AUM) of Bks Advisors LLC is $300.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 264% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $300.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $285.82 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bks Advisors 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 Bks Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bks Advisors is high net worth individuals with 54 clients and $181.21 million of assets under management. Among the 7 most similar advisory firms, Bks Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $300.68 million for 428 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.

Bks Advisors doesn't advise any private funds.

Careers at Bks Advisors LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Craig Thomas Simmons	Member	1 Mar 2000	50% - 75%	4348327
Kenneth Grahm Brandt	Managing member	1 Sep 2001	Other	28928
Craig Thomas Simmons	Chief compliance officer	1 Jul 2007	50% - 75%	4348327
Jeremy Scott Brandt	Member	1 Jan 2008	25% - 50%	5296008
Craig Thomas Simmons	Managing member	1 Dec 2010	50% - 75%	4348327
Kenneth Grahm Brandt	Member	1 Dec 2010	Other	28928

Based in Southfield

The principal office where Bks Advisors LLC performs its advisory services is located at 28411 Northwestern Hwy., Southfield, MI 48034, 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 248-358-6500 or by fax 248-358-5825. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bksadvisors.com.