Bazis & Young Investment Group LLC (Omaha)

Name: Bazis & Young Investment Group LLC
Address: 1065 N. 115 Th St., Omaha, NE, 68154
Telephone: 402-965-3334

Bazis & Young Investment Group LLC is a large advisory firm based in Omaha. It manages $127.71 million of regulatory assets for 465 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Illinois, Iowa, and 4 other states.

Bazis & Young Investment Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bazis & Young Investment Group: assets under management

The assets under management (AUM) of Bazis & Young Investment Group LLC is $127.71 million. The firm's AUM has grown by 352% since the beginning of its operation, and $697.88 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $114.41 million in discretionary accounts and $13.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $254.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $831.12 thousand.

Bazis & Young Investment Group has custody of $293.37 thousand in cash and securities for 2 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bazis & Young Investment Group LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Bazis & Young Investment Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bazis & Young Investment Group is high net worth individuals with 69 clients and $103.94 million of assets under management. Among the 11 most similar advisory firms, Bazis & Young Investment Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $127.71 million for 182 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bazis & Young Investment Group doesn't advise any private funds.

Careers at Bazis & Young Investment Group LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
David Warren Baas	Chief compliance officer & managing member	1 Sep 2008	75% - 100%	5605825
Duane Robert Bazis	Chief compliance officer & managing member	1 Feb 2009	75% - 100%	1369632
Bruce Cameron Young	Member	1 Feb 2009	50% - 75%	1500827

Based in Omaha

The principal office where Bazis & Young Investment Group LLC performs its advisory services is located at 1065 N. 115 Th St., Omaha, NE 68154, which is also the mailing address of the firm. An additional office of the firm is in Glen Allen, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-965-3334 or by fax 402-965-3338. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at bazisyoungwealthmanagementgroup.com.