Bpu Investment Management, Inc. (Pittsburgh)

Name: Bpu Investment Management, Inc.
Address: One Oxford Center, Pittsburgh, PA, 15219
Telephone: 1-800-822-6585

Bpu Investment Management, Inc. is a large advisory firm based in Pittsburgh. It manages $517.12 million of regulatory assets for 1,932 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, Arkansas, California, and 23 other states.

Bpu Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bpu Investment Management: assets under management

The assets under management (AUM) of Bpu Investment Management, Inc. is $517.12 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $497.38 million in discretionary accounts and $19.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $282.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $113.42 thousand.

Bpu Investment Management has custody of $5.04 million in cash and securities for 8 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 70% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bpu Investment Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Bpu Investment Management serves?

The firm provides services to individuals, insurance companies, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bpu Investment Management is high net worth individuals with 116 clients and $316.38 million of assets under management. Among the 12 most similar advisory firms, Bpu Investment Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $517.12 million for 952 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.

Bpu Investment Management doesn't advise any private funds.

Careers at Bpu Investment Management, Inc.

The company employs 24 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Bpu Investment Management, Inc. is owned by Rick Eugene Pierchalski. Daniel Leyland Unkovic joined the executive team most recently as the Chief Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rick Eugene Pierchalski	Owner/shareholder	1 Feb 1986	25% - 50%	818958
Nadav Nachum Baum	Director of investments	1 Jan 2006	Other	1484811
William Richard Berkowitz	Senior registered options principal	1 Feb 2006	Other	19518
Robert Alexander Unkovic	President, treasurer, board member	1 Jul 2006	25% - 50%	1345036
Rick Eugene Pierchalski	Ceo, chief compliance officer, secretary / treasurer	1 Jul 2006	25% - 50%	818958
Paul Jeffrey Brahim	Managing director	1 Jul 2006	25% - 50%	1518079
Michael Howard Samuels	Rosp	1 Jul 2008	Other	1041618
Robert Stanton Barmen	Executive vice president	1 Feb 2009	Other	2706282
Thomas Gerard Eddy	Secretary, general counsel	1 Dec 2010	Other	4945463
Karen Lou Alvarez	Finop	1 Apr 2011	Other	4044938
Paul Jeffrey Brahim	Ceo, aml compliance officer, cco, board member	1 Apr 2012	25% - 50%	1518079
Bernadette Marie Vargo	Chief compliance officer	1 Apr 2012	Other	4187260
Bernadette Marie Law	Chief compliance officer	1 Apr 2012	Other	4187260
William Richard Berkowitz	Rosp	1 Apr 2013	Other	19518
Michael J Mcshea	Secretary, general counsel	1 Apr 2016	Other	6788847
Daniel Leyland Unkovic	Chief operations officer	1 Feb 2017	Other	6189840

Based in Pittsburgh

The principal office where Bpu Investment Management, Inc. performs its advisory services is located at One Oxford Center, Pittsburgh, PA 15219, which is also the mailing address of the firm. An additional office of the firm is in Greensburg, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-800-822-6585 or by fax 412-288-9180. The normal business hours are 8:30 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bpuinvestments.com.