Sbk Financial, Inc. (Richmond)

Name: Sbk Financial, Inc.
Address: 1001 Haxall Point, Richmond, VA, 23219
Telephone: 804-237-1700

Sbk Financial, Inc. is a large advisory firm based in Richmond. It manages $574.26 million of regulatory assets for 1,021 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Delaware, Florida, Maryland, and 4 other states.

Sbk Financial provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax preparation & planning. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sbk Financial: assets under management

The assets under management (AUM) of Sbk Financial, Inc. is $574.26 million. The firm's AUM has grown by 676% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $525.22 million in discretionary accounts and $49.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $549.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $754.33 thousand.

Sbk Financial has custody of $288.45 million in cash and securities for 110 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sbk Financial, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Kevin King serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Kevin King is high net worth individuals with 136 clients and $538.83 million of assets under management. Among the 8 most similar advisory firms, Sbk Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $555.4 million for 189 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.

Sbk Financial doesn't advise any private funds.

Careers at Sbk Financial, Inc.

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 10 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Kevin King has been acting as President since 1 Mar 2004. Stephanie Felts Stumpf joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Kevin King	President	1 Mar 2004	50% - 75%	4708979
Connie Williamson Six	Vice president/treasurer	1 Mar 2004	Other	4626072
Andrea Lynn Broughton	Vice president/secretary	1 Apr 2005	25% - 50%	4641609
Stephanie Felts Stumpf	Director/chief compliance officer	1 Mar 2006	Other	5217220
Claire Elaine Craighill	Director	1 Apr 2007	Other	1643898
Stephanie Felts Stumpf	Chief compliance officer	1 Mar 2009	Other	5217220

Based in Richmond

The principal office where Sbk Financial, Inc. performs its advisory services is located at 1001 Haxall Point, Richmond, VA 23219, 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 804-237-1700 or by fax 804-237-1717. The normal business hours are 8:30am 5:30pm on Monday - Friday. You can find more information about the New York firm at sbkfinancial.com.