Bip Wealth, Llc (Atlanta)
Bip Wealth, Llc Is a Large Advisory Firm Based in Atlanta. It Manages $948.98 Million of Regulatory Assets for 2,791 Client Accounts. It Has Been Registered...
Bip Wealth, LLC is a large advisory firm based in Atlanta. It manages $948.98 million of regulatory assets for 2,791 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 5 other states.
Bip Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
Bip Wealth: assets under management
The assets under management (AUM) of Bip Wealth, LLC is $948.98 million. 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 $734.73 million in discretionary accounts and $214.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $303.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $575.93 thousand.
Bip Wealth has custody of $552.56 million in cash and securities for 512 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.
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