Bts Asset Management Inc (Lexington)

Name: Bts Asset Management Inc
Address: 420 Bedford Street, Lexington, MA, 02420
Telephone: 781-863-2545

Bts Asset Management Inc is a large advisory firm based in Lexington. It manages $1.32 billion of regulatory assets for 5,774 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Bts Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, market timing services, and consultation services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bts Asset Management: assets under management

The assets under management (AUM) of Bts Asset Management Inc is $1.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 174% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.66 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 68% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bts Asset Management Inc for their services and products based on a percentage of assets under management. 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 Bts Asset Management serves?

The firm provides services to individuals, investment companies, high net worth individuals, and corporations or other businesses. The largest group of clients of Bts Asset Management is investment companies with 3 clients and $631.12 million of assets under management. Among the 11 most similar advisory firms, Bts Asset Management has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.32 billion for 5,770 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.

Bts Asset Management doesn't advise any private funds.

Careers at Bts Asset Management Inc

The company employs 43 people that are either part- or full-time employees. 9 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There are 3,000 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Vilis Pasts	Chariman of board secretary	1 Sep 1979	50% - 75%	357593
Matthew Alexander Pasts	Ceo, treasurer, director	1 Jan 1996	25% - 50%	2132031
Gary Allen Shilman	Chief compliance officer	1 Jan 2002	Other	2796079
Maurice Lance Kussell	President, director	1 Sep 2005	Other	4053039
Isaac Charles Braley	President, director	1 Jan 2008	Other	3274460
James John Finn	Chief compliance officer	1 Dec 2013	Other	6282371
Joshua Nathan Breen	Chief compliance officer	1 Mar 2014	Other	6227069

Based in Lexington

The principal office where Bts Asset Management Inc performs its advisory services is located at 420 Bedford Street, Lexington, MA 02420, 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 781-863-2545 or by fax 781-860-9051. The normal business hours are 8:30 a.m to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at btsmanagement.com.