Bt Wealth Management, LLC (Atlanta)


Bt Wealth Management, LLC is a large advisory firm based in Atlanta. It manages $923.82 million of regulatory assets for 971 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, North Carolina, Tennessee, and Texas.

Bt Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bt Wealth Management: assets under management

The assets under management (AUM) of Bt Wealth Management, LLC is $923.82 million. The firm's AUM has grown by 1471% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $888.66 million in discretionary accounts and $35.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $943.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.21 million.
Bt Wealth Management has custody of $225.73 million in cash and securities for 131 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 30% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in pooled investment vehicles form 28% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bt Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Scott Edward Craig 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 Scott Edward Craig is high net worth individuals with 312 clients and $888.5 million of assets under management. Among the 7 most similar advisory firms, Bt Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $923.82 million for 320 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.

Bt Wealth Management also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Bt Wealth Management, LLC

The company employs 17 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Scott Edward Craig has been acting as President since 1 Sep 2014. Elizabeth Dolyniuk Lasco joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeffrey Joseph Call Chief compliance officer 1 Jun 2008 Other 4652067
Steven P Barth Member 1 Jun 2008 Other 5166632
P.C. Bennett Thrasher Member 1 Jun 2008 75% - 100% 58-1673613
Kenneth L Thrasher President, ceo 1 Jun 2008 Other 4569137
Steven Philip Barth Member 1 Jun 2008 Other 5166632
Kenneth Lee Thrasher President, ceo 1 Jun 2008 Other 4569137
Steven Philip Barth President / chief investment officer 1 Sep 2011 Other 5166632
Scott Edward Craig Director of portfolio management and chief compliance officer 1 Sep 2011 Other 4460431
Scott Edward Craig Managing director/chief compliance officer 1 Jan 2013 Other 4460431
Scott Edward Craig Partner/chief investment officer/chief compliance officer 1 Jul 2013 Other 4460431
Llp Bennett Thrasher Member 1 Jan 2014 Other 58-1673613
Scott Edward Craig President/chief investment officer 1 Sep 2014 Other 4460431
Bernard Eugene Palmer Partner/chief compliance officer 1 Sep 2014 Other 1656286
Jeffrey Joseph Call Partner 1 Jan 2015 Other 4652067
Kenneth Lee Thrasher Partner 1 Jan 2015 Other 4569137
Richard Allen Bennett Partner 1 Jan 2015 Other 4569030
Scott Edward Craig President/chief investment officer/chief compliance officer 1 Jun 2015 Other 4460431
Inc. Excelsia Member 1 Jul 2015 Other 125320
Clifford Weldon Draughn Partner 1 Jul 2015 Other 1042780
Patricia Butler Fries Chief compliance officer 1 Jul 2017 Other 4490621
Justin Snell Chief operating officer 1 Oct 2017 Other 6929540
Justin Snell Chief compliance officer and chief operating officer 1 Aug 2018 Other 6929540
Elizabeth Dolyniuk Lasco Chief compliance officer 1 Nov 2018 Other 2506654

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard A Bennett Shareholder 1 May 1986 Other 4569030
Kenneth L Thrasher Shareholder 1 May 1986 Other 4569137
Richard Allen Bennett Shareholder 1 May 1986 Other 4569030
Kenneth Lee Thrasher Shareholder 1 May 1986 Other 4569137

Based in Atlanta

The principal office where Bt Wealth Management, LLC performs its advisory services is located at Riverwood 200, Atlanta, GA 30339, which is also the mailing address of the firm. An additional office of the firm is in Savannah, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-635-5000 or by fax 770-390-0394. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at btwealthllc.com and its LinkedIn profile.