Bruce G. Allen Investments, LLC (Denver)

Name: Bruce G. Allen Investments, LLC
Address: 370 17 Th Street, Denver, CO, 80202
Telephone: (303) 592-5535

Bruce G. Allen Investments, LLC is a large advisory firm based in Denver. It manages $147.56 million of regulatory assets for 552 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, Nebraska, and Texas.

Bruce G. Allen Investments provides financial planning services, portfolio management for individuals and small businesses, 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.

Bruce G. Allen Investments: assets under management

The assets under management (AUM) of Bruce G. Allen Investments, LLC is $147.56 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.13 million in discretionary accounts and $23.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $276.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $227.43 thousand.

Bruce G. Allen Investments has custody of $147.56 million in cash and securities for 165 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 33% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in investment and business development companies form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bruce G. Allen Investments, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bruce G. Allen Investments serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bruce G. Allen Investments is high net worth individuals with 59 clients and $113.9 million of assets under management. Among the 7 most similar advisory firms, Bruce G. Allen Investments has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.51 million for 163 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.

Bruce G. Allen Investments doesn't advise any private funds.

Careers at Bruce G. Allen Investments, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Grosvenor Allen	Managing member, chief compliance officer	1 Aug 2017	75% - 100%	1397083
Bruce Grosvenor Allen	Managing member & chief compliance officer	1 Sep 2017	75% - 100%	1397083

Based in Denver

The principal office where Bruce G. Allen Investments, LLC performs its advisory services is located at 370 17 Th Street, Denver, CO 80202, 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 (303) 592-5535. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at brucegalleninvestments.com.