Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
B&C Financial Advisors Overview
B&C Financial Advisors is a fee-only registered investment advisory firm that has been providing high-quality investment advice to its clients since 1998. The firm's headquarters are located in Ponte Vedra Beach, Florida, which is also where the majority of its operations take place. As a registered investment advisory firm, B&C Financial Advisors only provides investment advice and does not engage in any brokerage or securities transactions. Additionally, the firm's fee-only fee arrangement means that they only receive compensation from their clients and do not receive commissions or other payments from third-party providers. B&C Financial Advisors offer a range of investment services, including financial planning, portfolio management for individuals and small businesses, and pension consulting services. Each of these services is tailored to the specific needs of their clients, with the goal of helping them achieve their financial goals and objectives. Overall, B&C Financial Advisors is dedicated to providing their clients with unbiased, expert investment advice, while always keeping their best interests front and center.
B&C Financial Advisors is a leading financial services firm that caters to a diverse range of clients. The company's client base includes individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other types of corporations. B&C Financial Advisors is known for providing personalized financial management services to its clients, regardless of their background or status. One of the many reasons why B&C Financial Advisors is a compelling choice for many clients is its flexible fee structure. The firm offers three primary fee models, depending on the scope of the service provided. The most common fee structure is the percentage of AUM model, which charges a percentage fee based on the total assets under management. The hourly fee structure is ideal for clients who need specific advice or guidance but do not require extensive portfolio management. Finally, fixed fees are often used for larger projects or one-off consultations. B&C Financial Advisors always strives to be transparent when it comes to their fees, ensuring that all clients fully understand the costs associated with each service before they commit.
Typical Clients, Fee Structures & Investment Minimum
B&C Financial Advisors require a minimum initial investment of $100,000.00 to open a managed account, according to their Part 2 Brochure. However, the firm retains the right to waive this minimum if circumstances are warranted.
How This Office Can Help Nassau County, FL Residents
B&C Financial Advisors is dedicated to assisting clients in Nassau County, FL with their financial needs. The firm provides a full range of services, including investment management, retirement planning, estate planning, and insurance planning. Their experienced team of advisors helps clients navigate complex financial situations to achieve their long-term goals. Living in Nassau County, FL, individuals may face various financial challenges. One of the most significant is planning for retirement. B&C Financial Advisors provide personalized retirement planning solutions to help clients make informed decisions about their finances. Additionally, with the rising cost of healthcare and increased longevity, planning for long-term care may be a necessity for many individuals. The firm offers comprehensive plans to help clients protect their assets and ensure they receive quality care in the future. Whether individuals are looking to secure their financial future or plan for unforeseen circumstances, B&C Financial Advisors is here to help.
Services Offered by B&C Financial Advisors
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by B&C Financial Advisors most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
B&C Financial Advisors is registered to service clients in the following states:
- California
- Florida
- Georgia
- Louisiana
- New Hampshire
- New Jersey
- New York
- North Carolina
- Tennessee
- Texas
- Virginia
Disciplinary History
B&C Financial Advisors does not have any disclosures. Please visit it's Form ADV for more details.