Bickling Financial Services, Inc. (Lexington)

Name: Bickling Financial Services, Inc.
Address: 35 Bedford Street, Lexington, MA, 02420
Telephone: 781-862-9792

Bickling Financial Services, Inc. is a large advisory firm based in Lexington. It manages $221.37 million of regulatory assets for 959 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Connecticut, and 11 other states.

Bickling Financial Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bickling Financial Services: assets under management

The assets under management (AUM) of Bickling Financial Services, Inc. is $221.37 million. The firm's AUM has grown by 116% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204.62 million in discretionary accounts and $16.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $272.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $80.14 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bickling Financial Services, Inc. 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 Bickling Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bickling Financial Services is high net worth individuals with 340 clients and $143.24 million of assets under management. Among the 10 most similar advisory firms, Bickling Financial Services has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $221.37 million for 682 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.

Bickling Financial Services doesn't advise any private funds.

Careers at Bickling Financial Services, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Bickling Financial Services, Inc. is owned by Dorothy Inez Bickling. Spencer Norman Betts joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dorothy Inez Bickling	Owner	1 Feb 1984	75% - 100%	1300690
Spencer Norman Betts	Chief compliance officer	1 Jan 2015	Other	4285560
Andrew Harrison Betts	Investment adviser reprsentative	1 Jan 2015	Other	5416586

Based in Lexington

The principal office where Bickling Financial Services, Inc. performs its advisory services is located at 35 Bedford Street, Lexington, MA 02420, which is also the mailing address of the firm. An additional office of the firm is in South Easton, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-862-9792 or by fax 781-674-2545. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bickling.com.