B 29 Advisors, LLC (Dallas)

B 29 Advisors, LLC is a large advisory firm based in Dallas. It manages $259.25 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Texas.

B 29 Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

B 29 Advisors: assets under management

The assets under management (AUM) of B 29 Advisors, LLC is $259.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $259.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.42 million each.

B 29 Advisors has custody of $259.25 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay B 29 Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 John Schmitz serves?

The only and largest group of clients of John Schmitz is pooled investment vehicles with 3 clients and $259.25 million of assets under management. Among the 12 most similar advisory firms, B 29 Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $259.25 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

B 29 Advisors also advises several private funds. Namely, three private equity funds.

Careers at B 29 Advisors, LLC

The company employs 11 people that are either part- or full-time employees. 73 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.

John Schmitz has been acting as President since 1 Nov 2017. Joseph Julian Scavetti joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Schmitz	President	1 Nov 2017	Other	6981125
Steve Schmitz	Vice-president	1 Nov 2017	Other	6981127
Inc. Schmitz & Schmitz Properties	Member	1 Nov 2017	75% - 100%	752716275
Kelly Bub Smith	General counsel and secretary	1 Jun 2018	Other	6981589
Mark Joseph Deangelis	Chief compliance officer	1 Jul 2018	Other	2827088
J. Christopher Floyd	Chief operations officer	1 Dec 2018	Other	5076807
Kevin Michael Palma	Chief financial officer	1 Dec 2018	Other	4434520
Joseph Julian Scavetti	Chief compliance officer	1 Mar 2019	Other	2275422

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Schmitz	President	1 Jun 1997	50% - 75%	6981125
Steve Schmitz	Vice-president	1 Jun 1997	50% - 75%	6981127

Based in Dallas

The principal office where B 29 Advisors, LLC performs its advisory services is located at 1700 Pacific Avenue, Dallas, TX 75201 The mailing address of the firm is Po Box 170, Gainesville, TX 76241 0170. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (940) 665-4373 or by fax (214) 969-5502. The normal business hours are 8:00am - 5:00pm on Monday - Friday.