Bps Capital Management, Inc. (Bloomington)

Name: Bps Capital Management, Inc.
Address: 7900 International Drive, Bloomington, MN, 55425
Telephone: 952-893-0177

Bps Capital Management, Inc. is a large advisory firm based in Bloomington. It manages $3.15 billion of regulatory assets for 84 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Minnesota.

Bps Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bps Capital Management: assets under management

The assets under management (AUM) of Bps Capital Management, Inc. is $3.15 billion. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in government bonds the most. They account for 56% of the total AUM. The second-largest asset type is state and local bonds, which make up 43% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bps Capital Management, Inc. 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 Charles Michael Mclaren serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and state or municipal government entities. The largest group of clients of Charles Michael Mclaren is banking or thrift institutions with 62 clients and $2.88 billion of assets under management. Among the 8 most similar advisory firms, Bps Capital Management has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $3.15 billion for 84 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.

Bps Capital Management doesn't advise any private funds.

Careers at Bps Capital Management, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No 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.

Charles Michael Mclaren has been acting as President since 1 Mar 2002. Gary Robert Walen joined the executive team most recently as the Vp/Cfo/Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Michael Mclaren	President/ceo	1 Mar 2002	50% - 75%	1378933
Gary Robert Walen	Vp/cfo/cco	1 Mar 2002	25% - 50%	1160117
Charles Frederic Rooney	Vice-president/secretary	1 Mar 2002	Other	842012

Based in Bloomington

The principal office where Bps Capital Management, Inc. performs its advisory services is located at 7900 International Drive, Bloomington, MN 55425, 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 952-893-0177 or by fax 952-893-0909. The normal business hours are 8:00am to 4:00pm on Monday - Friday. You can find more information about the New York firm at bpscapital.com.