Bischoff Wealth Management Group, LLC (Greenwood)

Bischoff Wealth Management Group, LLC is a large advisory firm based in Greenwood. It manages $151.14 million of regulatory assets for 579 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Florida, Indiana, and Texas.

Bischoff Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bischoff Wealth Management Group: assets under management

The assets under management (AUM) of Bischoff Wealth Management Group, LLC is $151.14 million. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.36 million in discretionary accounts and $5.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $253.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $964.83 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bischoff Wealth Management Group, LLC for their services and products based on a percentage of assets under management 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 Bischoff Wealth Management Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bischoff Wealth Management Group is high net worth individuals with 144 clients and $80.95 million of assets under management. Among the 10 most similar advisory firms, Bischoff Wealth Management Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $151.14 million for 579 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.

Bischoff Wealth Management Group doesn't advise any private funds.

Careers at Bischoff Wealth Management Group, LLC

The company employs 4 people that are either part- or full-time employees. 25 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
Brian Robert Bischoff	Chief compliance officer and managing member	1 Sep 2015	75% - 100%	2564187
Kendal Thomas Dunn	Chief operations officer	1 Aug 2017	Other	5648146

Based in Greenwood

The principal office where Bischoff Wealth Management Group, LLC performs its advisory services is located at 107 North State Road 135, Greenwood, IN 46142, 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 (317) 851-9718. The normal business hours are 8:30am - 5:00pm on Monday - Friday.