Sullivan, Bruyette, Speros & Blayney, LLC (Mclean)

Name: Sullivan, Bruyette, Speros & Blayney, LLC
Address: 8444 Westpark Drive, Mclean, VA, 22102 5123
Telephone: 703-734-9300

Sullivan, Bruyette, Speros & Blayney, LLC is a large advisory firm based in Mclean. It manages $3.52 billion of regulatory assets for 4,178 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 20 other states.

Sullivan, Bruyette, Speros & Blayney provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sullivan, Bruyette, Speros & Blayney: assets under management

The assets under management (AUM) of Sullivan, Bruyette, Speros & Blayney, LLC is $3.52 billion. The firm's AUM has grown by 32% since the beginning of its operation, and $2.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.48 billion in discretionary accounts and $35.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $838.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.43 million.

Sullivan, Bruyette, Speros & Blayney has custody of $1.18 billion in cash and securities for 499 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sullivan, Bruyette, Speros & Blayney, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Sullivan, Bruyette, Speros & Blayney 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 Sullivan, Bruyette, Speros & Blayney is high net worth individuals with 746 clients and $2.99 billion of assets under management. Among the 6 most similar advisory firms, Sullivan, Bruyette, Speros & Blayney has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.52 billion for 1,047 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Sullivan, Bruyette, Speros & Blayney doesn't advise any private funds.

Careers at Sullivan, Bruyette, Speros & Blayney, LLC

The company employs 62 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 27 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Charles Speros	Secretary / principal	1 Jan 2003	Other	1397293
Gregory Donald Sullivan	President and ceo; principal; chairman	1 Jan 2003	Other	1001065
James Joseph Bruyette	Chief financial officer / principal	1 Jan 2003	Other	1080600
Martine Elizabeth Lellis	Chief operating officer / chief compliance officer	1 Apr 2016	Other	6139334
Sbsb Holdings Llc	Managing member	1 Apr 2016	75% - 100%	81-1151672
Mark Edward Johannessen	Vice president/ principal	1 Mar 2017	Other	1780413
Patrick William Dunne	Chief financial officer; principal	1 Jan 2019	Other	5120022
Gary David Ingram	Chief compliance officer	1 Aug 2019	Other	5242775

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Donald Sullivan	Member	1 Apr 2016	25% - 50%	1001065
James Joseph Bruyette	Member	1 Apr 2016	25% - 50%	1080600

Based in Mclean

The principal office where Sullivan, Bruyette, Speros & Blayney, LLC performs its advisory services is located at 8444 Westpark Drive, Mclean, VA 22102 5123, which is also the mailing address of the firm. An additional office of the firm is in Raleigh, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-734-9300 or by fax 703-288-1650. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sbsbllc.com.