Genovese Burford & Brothers Wealth And Retirement Plan Mgmt, LLC (Sacramento)


Genovese Burford & Brothers Wealth And Retirement Plan Mgmt, LLC is a large advisory firm based in Sacramento. It manages $1.96 billion of regulatory assets for 2,654 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Genovese Burford & Brothers Wealth And Retirement Plan Mgmt provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Genovese Burford & Brothers Wealth And Retirement Plan Mgmt: assets under management

The assets under management (AUM) of Genovese Burford & Brothers Wealth And Retirement Plan Mgmt, LLC is $1.96 billion. The firm's AUM has grown by 155% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.37 billion in discretionary accounts and $595.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $527.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.64 million.
Genovese Burford & Brothers Wealth And Retirement Plan Mgmt has custody of $175.4 million in cash and securities for 223 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Genovese Burford & Brothers Wealth And Retirement Plan Mgmt, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Genovese Burford & Brothers Wealth And Retirement Plan Mgmt 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 Genovese Burford & Brothers Wealth And Retirement Plan Mgmt is high net worth individuals with 340 clients and $771.92 million of assets under management. Among the 8 most similar advisory firms, Genovese Burford & Brothers Wealth And Retirement Plan Mgmt has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.96 billion for 1,159 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.

Genovese Burford & Brothers Wealth And Retirement Plan Mgmt doesn't advise any private funds.

Careers at Genovese Burford & Brothers Wealth And Retirement Plan Mgmt, LLC

The company employs 29 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 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 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
Michael Thomas Genovese Chief compliance officer 1 Apr 2012 Other 867229
Inc. Genovese Burford & Brothers Wealth And Retirement Plan Management Managing member 1 Apr 2012 75% - 100% 68-0207610
Kelly Thomas Brothers Vice president 1 Jul 2012 Other 4687790
Alexander Gilbert Brown Chief financial officer 1 Jul 2012 Other 4784434
Angie Butler Chief compliance officer 1 Jan 2016 Other 2727758
Nathan Adams Torinus Chief operating officer 1 Jan 2016 Other 6309775

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Thomas Genovese Vice president and shareholder 1 Jan 1995 25% - 50% 867229
Lon Edward Burford President and shareholder 1 Feb 2008 25% - 50% 713516

Based in Sacramento

The principal office where Genovese Burford & Brothers Wealth And Retirement Plan Mgmt, LLC performs its advisory services is located at 1515 Response Road, Sacramento, CA 95815, which is also the mailing address of the firm. An additional office of the firm is in Roseville, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 916-924-7527 or by fax 916-646-3287. The normal business hours are 8:00 a.m. to 5:00p.m on Monday - Friday. You can find more information about the New York firm at gbbwealth.com.