Btc Capital Management, Inc. (Des Moines)


Btc Capital Management, Inc. is a large advisory firm based in Des Moines. It manages $3.24 billion of regulatory assets for 2,383 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, Iowa, and South Dakota.

Btc Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Btc Capital Management: assets under management

The assets under management (AUM) of Btc Capital Management, Inc. is $3.24 billion. The firm's AUM has grown by 512% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.59 billion in discretionary accounts and $646.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $215.59 million.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Btc Capital Management, 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 Btc Capital Management serves?

The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, banking or thrift institutions, and corporations or other businesses. The largest group of clients of Btc Capital Management is banking or thrift institutions with 13 clients and $1.78 billion of assets under management. Among the 10 most similar advisory firms, Btc Capital Management has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $2.96 billion for 68 clients. None of the firm’s clients are foreign persons or businesses.

Btc Capital Management doesn't advise any private funds.

Careers at Btc Capital Management, Inc.

The company employs 17 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 12 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.

Jon Kent Augustine has served as the Chief Investment Officer since 1 Nov 2009. Donald James Coffin joined the executive team most recently as the Chairman, Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Midamerica Financial Corporation Shareholder 1 May 2003 75% - 100% 37-1448038
Kip J. Albertson Secretary/treasurer 1 May 2003 Other 4665691
Kermit John Albertson Secretary/treasurer 1 May 2003 Other 4665691
Mark Paul Mandziara Senior managing director/board member 1 Jul 2003 Other 4665697
John Randall Lepley Chief compliance officer 1 Feb 2007 Other 1109828
Scott Dean Eltjes President and ceo 1 Feb 2009 Other 2258653
Suku Radia Chairman, director 1 Apr 2009 Other 5077530
Suku Nmn Radia Chairman, director 1 Apr 2009 Other 5077530
Jon Kent Augustine Vice president/chief investment officer 1 Nov 2009 Other 4370549
Charles Howard Leibold Chief compliance officer 1 Jan 2017 Other 2425739
Donald James Coffin Chairman, director 1 Jan 2018 Other 6925523

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Formed Under Agreement Dated April 2 2002 By John Ruan As Settlor. Current Trustee: John Ruan John Ruan 1993 Revocable Trust Control person 1 Mar 2002 25% - 50% none
Formed 12/20/1991 By Elizabeth J. Ruan Settlor. Trustees: John Ruan Iii & Steven E. Zumbach Elizabeth J. Ruan Revocable Trust Control person 1 Mar 2002 25% - 50% none
Btc Financial Corporation Control person 1 May 2003 75% - 100% 01-0629894

Based in Des Moines

The principal office where Btc Capital Management, Inc. performs its advisory services is located at 453 7 Th Street, Des Moines, IA 50309 3702, which is also the mailing address of the firm. An additional office of the firm is in Cedar Rapids, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-245-2416 or by fax 515-247-2054. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at btccapitalmgmt.com.