Bt Wealth Management, LLC (Atlanta)

Name: Bt Wealth Management, LLC
Address: Riverwood 200, Atlanta, GA, 30339
Telephone: 770-635-5000

Bt Wealth Management, LLC is a large advisory firm based in Atlanta. It manages $923.82 million of regulatory assets for 971 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, North Carolina, Tennessee, and Texas.

Bt Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bt Wealth Management: assets under management

The assets under management (AUM) of Bt Wealth Management, LLC is $923.82 million. The firm's AUM has grown by 1471% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $888.66 million in discretionary accounts and $35.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $943.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.21 million.

Bt Wealth Management has custody of $225.73 million in cash and securities for 131 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 30% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in pooled investment vehicles form 28% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bt Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scott Edward Craig serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Scott Edward Craig is high net worth individuals with 312 clients and $888.5 million of assets under management. Among the 7 most similar advisory firms, Bt Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $923.82 million for 320 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bt Wealth Management also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Bt Wealth Management, LLC

The company employs 17 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Scott Edward Craig has been acting as President since 1 Sep 2014. Elizabeth Dolyniuk Lasco joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Joseph Call	Chief compliance officer	1 Jun 2008	Other	4652067
Steven P Barth	Member	1 Jun 2008	Other	5166632
P.C. Bennett Thrasher	Member	1 Jun 2008	75% - 100%	58-1673613
Kenneth L Thrasher	President, ceo	1 Jun 2008	Other	4569137
Steven Philip Barth	Member	1 Jun 2008	Other	5166632
Kenneth Lee Thrasher	President, ceo	1 Jun 2008	Other	4569137
Steven Philip Barth	President / chief investment officer	1 Sep 2011	Other	5166632
Scott Edward Craig	Director of portfolio management and chief compliance officer	1 Sep 2011	Other	4460431
Scott Edward Craig	Managing director/chief compliance officer	1 Jan 2013	Other	4460431
Scott Edward Craig	Partner/chief investment officer/chief compliance officer	1 Jul 2013	Other	4460431
Llp Bennett Thrasher	Member	1 Jan 2014	Other	58-1673613
Scott Edward Craig	President/chief investment officer	1 Sep 2014	Other	4460431
Bernard Eugene Palmer	Partner/chief compliance officer	1 Sep 2014	Other	1656286
Jeffrey Joseph Call	Partner	1 Jan 2015	Other	4652067
Kenneth Lee Thrasher	Partner	1 Jan 2015	Other	4569137
Richard Allen Bennett	Partner	1 Jan 2015	Other	4569030
Scott Edward Craig	President/chief investment officer/chief compliance officer	1 Jun 2015	Other	4460431
Inc. Excelsia	Member	1 Jul 2015	Other	125320
Clifford Weldon Draughn	Partner	1 Jul 2015	Other	1042780
Patricia Butler Fries	Chief compliance officer	1 Jul 2017	Other	4490621
Justin Snell	Chief operating officer	1 Oct 2017	Other	6929540
Justin Snell	Chief compliance officer and chief operating officer	1 Aug 2018	Other	6929540
Elizabeth Dolyniuk Lasco	Chief compliance officer	1 Nov 2018	Other	2506654

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard A Bennett	Shareholder	1 May 1986	Other	4569030
Kenneth L Thrasher	Shareholder	1 May 1986	Other	4569137
Richard Allen Bennett	Shareholder	1 May 1986	Other	4569030
Kenneth Lee Thrasher	Shareholder	1 May 1986	Other	4569137

Based in Atlanta

The principal office where Bt Wealth Management, LLC performs its advisory services is located at Riverwood 200, Atlanta, GA 30339, which is also the mailing address of the firm. An additional office of the firm is in Savannah, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-635-5000 or by fax 770-390-0394. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at btwealthllc.com and its LinkedIn profile.