Jbc Financial Group, Inc. (Walnut Creek)

Name: Jbc Financial Group, Inc.
Address: 1850 Mt. Diablo Blvd, Walnut Creek, CA, 94596
Telephone: 925-280-1800

Jbc Financial Group, Inc. is a large advisory firm based in Walnut Creek. It manages $119 million of regulatory assets for 292 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Jbc Financial Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jbc Financial Group: assets under management

The assets under management (AUM) of Jbc Financial Group, Inc. is $119 million. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $116.5 million in discretionary accounts and $2.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $403.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $833.33 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jbc Financial Group, 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 Bernard Louis Smit serves?

The only and largest group of clients of Bernard Louis Smit is individuals with 155 clients and $116.5 million of assets under management. Among the 8 most similar advisory firms, Jbc Financial Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $116.5 million for 155 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.

Jbc Financial Group doesn't advise any private funds.

Careers at Jbc Financial Group, Inc.

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 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.

Bernard Louis Smit has been acting as President since 1 Apr 2017. Damien Saul Couture joined the executive team most recently as the Co Vice President, Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bernard Louis Smit	President	1 Apr 2017	25% - 50%	1416473
Damien Saul Couture	Co-vice president, cco	1 Apr 2017	25% - 50%	2148606
Deborah Lynn Pursey	Co-vice president	1 Apr 2017	25% - 50%	5128243

Based in Walnut Creek

The principal office where Jbc Financial Group, Inc. performs its advisory services is located at 1850 Mt. Diablo Blvd, Walnut Creek, CA 94596, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-280-1800 or by fax 925-280-1801. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at walnutcreekwealth.com/.