BBR Partners is a huge New York-based advisory practice that's ranked among the Big Apple's top financial advisor firms and the top financial advisors in New York State. The firm is well known and has many accolades, as it's been named a top financial advisor firm by a multitude of publications.
This fee-only financial advisor firm also has offices in Chicago and San Francisco. High-net-worth individuals make up the largest portion of the firm’s client base, which is likely due to its steep $50 million account minimum. The firm primarily provides wealth advisory service and investment management.
BBR Partners Background
BBR Partners was founded in 2000 by co-CEOs Evan Roth and Brett Barth. Roth and Barth are still the principal owners of the firm, although they own it indirectly through ownership of BBR Partners’ parent company, BBR Partners Holdings, LP. The firm has 28 other individual minority owners.
BBR Partners’ team holds several advisory certifications, including the certified public accountant (CPA), Certified Financial Planner™ (CFP®), certified investment management analyst (CIMA) and chartered financial analyst (CFA).
BBR Partners Client Types and Minimum Account Sizes
BBR Partners has a steep $50 million account minimum, making it accessible only to wealthy investors. Aside from this group, which comprises most of the firm's overall client base, BBR Partners also works with some non-high-net-worth individuals, families, estates, trusts, family partnerships, foundations, charitable organizations, businesses and pooled investment vehicles.
Services Offered by BBR Partners
BBR Partners offers investment management services that include customized asset allocation, selection and monitoring of third-party managers. The firm provides discretionary and non-discretionary portfolio management, supports client-imposed investment restrictions, and employs a range of investment strategies.
BBR also delivers comprehensive reporting that consolidates both managed and external assets, and offers administrative support and regular portfolio reviews.
BBR Partners Investment Philosophy
BBR Partners prioritizes long-term investment growth and wealth preservation. Should opportunities arise, though, the firm will engage in short-term purchases, short sales and trading. This is done to not only take advantage of immediate gains, but also to help meet clients’ liquidity needs.
BBR Partners works with each client to create a tailored asset allocation that reflects their specific investment goals. Client assets are distributed across a broad range of vehicles, including third-party managed equity and fixed income accounts, mutual funds, ETFs, exchange-traded notes, private investment funds and BBR-managed private vehicles.
The firm conducts qualitative, quantitative, and operational reviews when selecting third-party managers. BBR employs multiple investment techniques—such as long- and short-term positions, active trading, short selling, margin use, and options—to build diversified portfolios suited to each client’s objectives.
Fees Under BBR Partners
BBR Partners uses a straightforward fee schedule, with fees based on a percentage of assets under management. Like many firms, BBR Partners’ rates drop the more you invest with the firm. The rate for portfolios that exceed $100 million in value is negotiable. BBR Partners gives no indication as to what the rate may be, but it’s likely lower than the 0.50% rate for portfolios between $50 million and $100 million. The firm technically does not have a minimum annual fee. However, it does have a $50 million account minimum, which effectively results in a minimum fee of $325,000.
| Investment Advisory and Wealth Management Fees | |
| Your Portfolio’s Value | Annual Fee |
| First $50MM | 0.65% |
| $50MM – $100MM | 0.50% |
| Over $100MM | Negotiable |
BBR Partners calculates fees based on the market value of your portfolio. The firm divides its above annual fee rates into four fees, and it charges clients at the conclusion of every quarter. To pay these fees, you can either have a statement sent to you directly or have it debited from your portfolio. Below is a breakdown of what you could expect to pay for services at BBR Partners:
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees at BBR Partners* | |
| Your Assets | BBR Partners Fee Amounts |
| $30MM | $195,000 |
| $50MM | $325,000 |
| $75MM | $450,000 |
| $100MM | $525,000 |
What to Watch Out For
According to BBR Partners’ SEC-filed Form ADV, the firm has a clean legal and regulatory record.
Opening an Account With BBR Partners
The best way to get in touch with BBR Partners if you’re interested in becoming a client is to call whichever one of its three offices is most convenient for you. If you’d prefer that an advisor reach out to you, BBR provides an email form on the contact page of its website. All you need to provide is your name, email address, phone number and a short description of the services you’re looking for.
All information is accurate as of the writing of this article.
Tips to Become a Better Investor
- A financial advisor can help you make strategic and tactical changes within your investment portfolio. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- The more well-thought-out your portfolio is, the better it will likely perform, provided you use the right investing principles. Developing an asset allocation is a great place to start. Our asset allocation calculator can give you some insight into what your portfolio should look like based on your risk tolerance.
