Blb & B Advisors, LLC (Montgomeryville)

Name: Blb & B Advisors, LLC
Address: 103 Montgomery Avenue, Montgomeryville, PA, 18936
Telephone: 215-643-9100

Blb & B Advisors, LLC is a large advisory firm based in Montgomeryville. It manages $1.22 billion of regulatory assets for 2,320 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Arizona, California, and 28 other states.

Blb & B Advisors provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blb & B Advisors: assets under management

The assets under management (AUM) of Blb & B Advisors, LLC is $1.22 billion. The firm's AUM has grown by 4476% since the beginning of its operation, and $7.39 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.09 billion in discretionary accounts and $131.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $520.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $555.51 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blb & B Advisors, LLC for their services and products based on a percentage of assets under management 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 Clifford Peter Haugen serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Clifford Peter Haugen is high net worth individuals with 334 clients and $763.38 million of assets under management. Among the 6 most similar advisory firms, Blb & B Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.21 billion for 985 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.

Blb & B Advisors doesn't advise any private funds.

Careers at Blb & B Advisors, LLC

The company employs 19 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 12 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.

Clifford Peter Haugen has been acting as President since 1 Feb 2015. Stefanie Jane Little joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Dean Karrash	Chief compliance officer	1 Nov 2005	Other	2175578
Franklin Arden Burke	President	1 Nov 2005	75% - 100%	35735
John Taylor Lawton	Management	1 Jan 2006	Other	2641370
William Dean Karrash	Chief financial officer	1 Oct 2006	Other	2175578
Llc Blb&B Holdings	Holding company	1 Jan 2012	75% - 100%	38-3861822
Clifford Peter Haugen	Chief operating officer	1 Jan 2012	Other	4416860
Clifford Peter Haugen	President	1 Feb 2015	Other	4416860
Stefanie Jane Little	Chief compliance officer	1 Jan 2016	Other	4393611
Douglas B Huntley	Operations	1 Jan 2016	Other	6626853

Based in Montgomeryville

The principal office where Blb & B Advisors, LLC performs its advisory services is located at 103 Montgomery Avenue, Montgomeryville, PA 18936 The mailing address of the firm is P.O. Box 1010, Montgomeryville, PA 18936. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-643-9100 or by fax 215-643-9106. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at blbb.com.