Bhk Securities, LLC (Birmingham)

Name: Bhk Securities, LLC
Address: 2200 Lakeshore Drive, Birmingham, AL, 35209 8803
Telephone: 205-322-2025

Bhk Securities, LLC is a large advisory firm based in Birmingham. It manages $155.4 million of regulatory assets for 339 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 6 other states.

Bhk Securities 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.

Bhk Securities: assets under management

The assets under management (AUM) of Bhk Securities, LLC is $155.4 million. The firm's AUM has gone down by -59% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $19.84 million in discretionary accounts and $135.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $509.65 thousand.

Bhk Securities has custody of $13.4 million in cash and securities for 12 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bhk Securities, LLC for their services and products based on a percentage of assets under management and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Gurney Brock serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of John Gurney Brock is high net worth individuals with 94 clients and $117.72 million of assets under management. Among the 9 most similar advisory firms, Bhk Securities has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $152.6 million for 162 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.

Bhk Securities doesn't advise any private funds.

Careers at Bhk Securities, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 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.

John Gurney Brock has been acting as President since 1 Oct 2006. Kyle Aaron Weeks joined the executive team most recently as the Finop / Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Bhk Holdings	Managing member	1 Mar 2005	75% - 100%	20-2454472
Meredyth Roberts Hazzard	Ceo / finop / cfo	1 Mar 2005	Other	1427196
James Bailey Knight	Chief compliance officer / srop / crop	1 Mar 2005	Other	2787109
Kyle Aaron Weeks	Finop / cfo	1 Apr 2006	Other	3266819
John Gurney Brock	President	1 Oct 2006	Other	31081

Based in Birmingham

The principal office where Bhk Securities, LLC performs its advisory services is located at 2200 Lakeshore Drive, Birmingham, AL 35209 8803, 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 205-322-2025 or by fax 205-322-9025. The normal business hours are 8-5pm on Monday - Friday. You can find more information about the New York firm at bhkllc.com/.