Broad Street Capital Advisors, LLC (Greenville)

Name: Broad Street Capital Advisors, LLC
Address: 124 Verdae Blvd., Greenville, SC, 29607
Telephone: 864-288-2849

Broad Street Capital Advisors, LLC is a large advisory firm based in Greenville. It manages $1.3 billion of regulatory assets for 1,575 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, California, Colorado, and 11 other states.

Broad Street Capital Advisors 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, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Broad Street Capital Advisors: assets under management

The assets under management (AUM) of Broad Street Capital Advisors, LLC is $1.3 billion. The firm's AUM has grown by 204% since the beginning of its operation, and $532.5 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $554.91 million in discretionary accounts and $748.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $383.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.85 million.

Broad Street Capital Advisors has custody of $726.49 million in cash and securities for 348 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 48% of the total AUM. The second-largest asset type is government bonds, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Broad Street Capital Advisors, 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 Broad Street Capital Advisors 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 Broad Street Capital Advisors is pension and profit sharing plans with 71 clients and $433.07 million of assets under management. Among the 11 most similar advisory firms, Broad Street Capital Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.25 billion for 749 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.

Broad Street Capital Advisors doesn't advise any private funds.

Careers at Broad Street Capital Advisors, LLC

The company employs 23 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 23 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 doesn’t compensate 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
Llc Broad Street Capital Partners	Owner	1 Sep 2007	75% - 100%	20-3705592
Richard Patrick Sheridan	Managing member	1 Oct 2007	Other	1266071
Valerie Sue Smithey	Chief compliance officer	1 Nov 2007	Other	2630429
James Harvey Bozman	Principal	1 Nov 2007	Other	1637763
Valerie Sue Phillips	Chief compliance officer	1 Nov 2007	Other	2630429
Valerie Sue Jensen	Chief compliance officer	1 Nov 2007	Other	2630429
Llc Fintrust Capital Partners	Owner	1 Jan 2018	75% - 100%	26-2534264

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Patrick Sheridan	Member	1 Apr 2005	50% - 75%	1266071
James Harvey Bozman	Member	1 Apr 2005	50% - 75%	1637763
Llc Broad Street Capital Partners	Owner	1 Jan 2018	25% - 50%	20-3705592
Llc Phb Holdings	Owner	1 Jan 2018	25% - 50%	xxx-xx-xxxx
Philip Hamilton Brice	Member	1 Jan 2018	75% - 100%	1019504

Based in Greenville

The principal office where Broad Street Capital Advisors, LLC performs its advisory services is located at 124 Verdae Blvd., Greenville, SC 29607, which is also the mailing address of the firm. An additional office of the firm is in Macon, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-288-2849 or by fax 864-288-5218. The normal business hours are 9:30-4:30 on Monday - Friday. You can find more information about the New York firm at broadstreet401k.com.