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.
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 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. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.