Bms Financial Advisors, LLC is a large advisory firm based in Rapid City. It manages $224.57 million of regulatory assets for 1,415 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, Colorado, Minnesota, and 4 other states.
Bms Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and asset allocation services for retirement accounts. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bms Financial Advisors, LLC is $224.57 million. The firm's AUM has grown by 636% 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 Bms Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Douglas Allen Maher is individuals with 621 clients and $145.74 million of assets under management. Among the 8 most similar advisory firms, Bms Financial Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $224.57 million for 691 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.
Bms Financial Advisors doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 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.
Douglas Allen Maher has been acting as President since 1 Feb 2005. Hugh Thomas Boyle joined the executive team most recently as the Ceo/Managing Member.
The principal office where Bms Financial Advisors, LLC performs its advisory services is located at 1508 Mountain View Road, Rapid City, SD 57702, 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 605-341-1555 or by fax 605-341-0641. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bmsadvisors.com/.