Bankplus Wealth Management, LLC is a large advisory firm based in Jackson. It manages $130.26 million of regulatory assets for 177 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Louisiana, Mississippi, and Texas.
Bankplus Wealth Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bankplus Wealth Management, LLC is $130.26 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Bankplus Wealth Management, 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Bankplus Wealth Management is high net worth individuals with 38 clients and $116.75 million of assets under management. Among the 12 most similar advisory firms, Bankplus Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $130.26 million for 113 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.
Bankplus Wealth Management doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 5 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.
The principal office where Bankplus Wealth Management, LLC performs its advisory services is located at 1200 Eastover Drive, Jackson, MS 39211, 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 601-607-4290 or by fax 601-607-4320. The normal business hours are 8:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at bankplus.net.