Braun Bostich & Associates Inc. (Canonsburg)

Name: Braun Bostich & Associates Inc.
Address: 1600 Ashwood Drive, Canonsburg, PA, 15317
Telephone: (724) 942-2639

Braun Bostich & Associates Inc. is a large advisory firm based in Canonsburg. It manages $166.67 million of regulatory assets for 887 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Ohio, Pennsylvania, and Texas.

Braun Bostich & Associates provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Braun Bostich & Associates: assets under management

The assets under management (AUM) of Braun Bostich & Associates Inc. is $166.67 million. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $165.43 million in discretionary accounts and $1.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $193.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $37.58 thousand.

Braun Bostich & Associates has custody of $182 thousand in cash and securities for 29 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Braun Bostich & Associates Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Braun Bostich & Associates serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Braun Bostich & Associates is high net worth individuals with 53 clients and $115.43 million of assets under management. Among the 7 most similar advisory firms, Braun Bostich & Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $166.67 million for 321 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.

Braun Bostich & Associates doesn't advise any private funds.

Careers at Braun Bostich & Associates Inc.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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
Amy Jo Braun Bostich	Owner, chief executive officer, private wealth advisor, and chief compliance officer	1 May 2017	75% - 100%	1710451
Cassandra Lynn Kirby	Chief compliance officer	1 Sep 2018	Other	4449859

Based in Canonsburg

The principal office where Braun Bostich & Associates Inc. performs its advisory services is located at 1600 Ashwood Drive, Canonsburg, PA 15317, 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 (724) 942-2639 or by fax (724) 746-1782. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at braun-bostich.com.