Bft Financial Group, LLC (Bedford)

Name: Bft Financial Group, LLC
Address: 2312 School Lane, Bedford, TX, 76021
Telephone: 817-354-1090

Bft Financial Group, LLC is a large advisory firm based in Bedford. It manages $600.45 million of regulatory assets for 3,746 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, California, and 17 other states.

Bft Financial Group 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.

Bft Financial Group: assets under management

The assets under management (AUM) of Bft Financial Group, LLC is $600.45 million. The firm's AUM has grown by 384% since the beginning of its operation, and $12.05 million of the total AUM is attributable to clients outside of the United States.

The firm manages $471.64 million in discretionary accounts and $128.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $185.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $107.07 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% 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 Bft Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bft Financial Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bft Financial Group is high net worth individuals with 129 clients and $339.41 million of assets under management. Among the 7 most similar advisory firms, Bft Financial Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $600.45 million for 1,621 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.

Bft Financial Group doesn't advise any private funds.

Careers at Bft Financial Group, LLC

The company employs 19 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 17 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
Buddy Joseph Butler	Member/mgr	1 Jan 2000	25% - 50%	1315363
John Anthony Sivo	Finop	1 Aug 2001	Other	2136003
Stephen Dallas Tally	Chief compliance officer	1 Jan 2003	25% - 50%	3223264
Earl Stephen Freeman	Chief compliance officer	1 Nov 2004	25% - 50%	1300165
Sammy Doyal Tally	Member/manager	1 Nov 2004	25% - 50%	1775830
Wilda Jean Berry	Director of broker services	1 Jun 2005	Other	2350629
Earl Stephen Freeman	Member/manager	1 May 2007	25% - 50%	1300165
Sammy Doyal Tally	Chief compliance officer	1 May 2007	25% - 50%	1775830
William David Schultz	Auditor	1 Sep 2009	Other	2219862
Sammy Doyal Tally	Member/manager	1 Jan 2012	25% - 50%	1775830
William David Schultz	Member/manager	1 Jan 2012	Other	2219862
The Capital Company Group Limited	Owner	1 Aug 2019	75% - 100%	98-1475990

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Dallas Tally	Managing member	1 Aug 2019	25% - 50%	3223264
William David Schultz	Managing member	1 Aug 2019	Other	2219862
Jessica Carolyn Cutrera Papadopoulos	Managing member	1 Aug 2019	Other	4306515
Harmen Christiaan Overdijk	Managing member	1 Aug 2019	Other	7173748
Lodewijk A. Lamaison Van Den Berg	Managing member	1 Aug 2019	Other	7173747

Based in Bedford

The principal office where Bft Financial Group, LLC performs its advisory services is located at 2312 School Lane, Bedford, TX 76021, which is also the mailing address of the firm. An additional office of the firm is in Amarillo, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-354-1090 or by fax 817-354-4477. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at bftfinancial.com and its LinkedIn profile.