Bb&T Institutional Investment Advisers, Inc. (Greenville)

Bb&T Institutional Investment Advisers, Inc. is a large advisory firm based in Greenville. It manages $7.33 billion of regulatory assets for 734 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Delaware, District of Columbia, and 14 other states.

Bb&T Institutional Investment Advisers provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bb&T Institutional Investment Advisers: assets under management

The assets under management (AUM) of Bb&T Institutional Investment Advisers, Inc. is $7.33 billion. The firm's AUM has grown by 375% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.76 billion in discretionary accounts and $3.57 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.13 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $29.54 million.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bb&T Institutional Investment Advisers, Inc. 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 Raymond Kirkman Mcculloch serves?

The firm provides services to charitable organizations, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Raymond Kirkman Mcculloch is pension and profit sharing plans with 712 clients and $6.01 billion of assets under management. Among the 9 most similar advisory firms, Bb&T Institutional Investment Advisers has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $7.33 billion for 734 clients. None of the firm’s clients are foreign persons or businesses.

Bb&T Institutional Investment Advisers doesn't advise any private funds.

Careers at Bb&T Institutional Investment Advisers, Inc.

The company employs 57 people that are either part- or full-time employees. 98 percent of the employees work as investment advisers or researchers. 51 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 receive compensation from other entities for client referrals.

Raymond Kirkman Mcculloch has been acting as President since 1 Jul 2002. James David King has served as the Chief Investment Officer since 1 Jun 2016. John D Pulliam joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bb&T Corporation	N/a	1 Jul 2002	75% - 100%	56-0939887
Raymond Kirkman Mcculloch	Chairman	1 Jul 2002	Other	4374200
Patricia Balentine	Senior vice president	1 Jul 2002	Other	6157995
Jonas Fredric Mullins	President, chief compliance officer & director	1 Aug 2006	Other	4732194
William Henley Shawcross	Senior vice-president	1 Jan 2013	Other	4569262
John Francis Shope	Senoir vice president	1 Jan 2013	Other	2778557
Christopher A. Jones	President	1 Jan 2013	Other	6157997
Ralph Bryan Barany	Chief compliance officer & chief operating officer	1 Aug 2013	Other	2048181
Branch Banking And Trust Company	N/a	1 Apr 2016	75% - 100%	56-1074313
James David King	Chief investment officer	1 Jun 2016	Other	851300
Roger Edwin Lieber	Senior vice president	1 Jun 2016	Other	6655414
John Lee Clark	Chief compliance officer	1 Oct 2016	Other	4693552
Charles Jeffrey Hancock	Senior vice-president	1 Sep 2017	Other	6920996
John D Pulliam	Director	1 Oct 2018	Other	4583560
Ralph Thomas Borrello	Director	1 Oct 2018	Other	5574427

Based in Greenville

The principal office where Bb&T Institutional Investment Advisers, Inc. performs its advisory services is located at 111 Millport Circle, Floor 2, Greenville, SC 29607, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-527-0600 or by fax 864-527-0619. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.