Bull City Advisors, LLC (Durham)


Bull City Advisors, LLC is a large advisory firm based in Durham. It manages $105.72 million of regulatory assets for 56 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of North Carolina and Texas.

Bull City Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bull City Advisors: assets under management

The assets under management (AUM) of Bull City Advisors, LLC is $105.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.89 million each.
Bull City Advisors has custody of $8.02 million in cash and securities for 9 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 99% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bull City Advisors, LLC for their services and products based on a percentage of assets under management. 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 Bull City Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bull City Advisors is high net worth individuals with 39 clients and $100.45 million of assets under management. Among the 9 most similar advisory firms, Bull City Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.72 million for 56 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.

Bull City Advisors doesn't advise any private funds.

Careers at Bull City Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Susan Mckenzie Carson Manager 1 Feb 2012 75% - 100% 2055550
Elizabeth Gray Gregory Chief compliance officer, chief operating officer 1 Feb 2012 Other 5977237
Susan Mckenzie Carson Managing member 1 Oct 2012 75% - 100% 2055550
Benjamin John Whisler Chief compliance officer 1 Jan 2017 Other 6732526

Based in Durham

The principal office where Bull City Advisors, LLC performs its advisory services is located at 807 East Main Street, Durham, NC 27701, 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 919 680 0111 or by fax 919 680 0116. The normal business hours are 9:00 -5:00 on Monday - Friday. You can find more information about the New York firm at bullcityadvisors.com/.