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BT Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

BT Wealth Management, LLC (BTWM) is a fee-only financial advisor that’s centrally located in Atlanta, Georgia, though it has a sister office in Savannah. BTWM has billions of dollars in assets under management (AUM) across a small team of advisors. Investment management is the principal service of the firm, though it does provide wealth management for its active investment advisory clients.

As a fee-only advisor, all of BTWM's compensation comes from client-paid fees. A fee-based advisor, on the other hand, earns compensation from both client-paid fees and third-party compensation.

BT Wealth Management Background

Each of the six individuals on BT Wealth Management’s investment committee owns the firm, with Scott Craig being the principal owner. This ownership team includes Craig and partners Jeffrey Call, Cliff Draughn, Clay McDaniel, Kenneth Thrasher and Win Walstad. BT has been in business since 2008.

BT Wealth Management boasts a solid number of advisory certifications for a firm with fewer than 10 financial advisors on staff. This group includes certified financial planners (CFP), certified public accountants (CPA), chartered financial analysts (CFAs)certified investment management analysts (CIMAs) and individuals certified in financial forensics (CFFs).

BT Wealth Management Client Types and Minimum Account Sizes

Non-high-net-worth and high-net-worth individuals make up the largest portion of BT Wealth Management’s client base. However, the firm typically works with estates, trusts, pension plans, profit-sharing plans, charitable organizations and privately-offered pooled investment vehicles too.

Most prospective clients of BT Wealth Management will need to have at least $1 million in investable assets prior to opening their account. Should you be interested in investing in BT’s private fund, the BT Opportunity Fund II, that requirement will drop to $250,000. The firm reserves the right to negotiate its account minimums as it deems necessary.

Services Offered by BT Wealth Management

BT Wealth Management’s premier advisory offerings are investment advising, wealth management and financial planning. Check out the firm’s full list of services:

  • Investment advisory services
    • Proprietary investment research
    • Customized discretionary investment management
    • Regular and investor-initiated rebalances and investment plan updates
  • Wealth management (for investment advisory clients)
    • Risk-adjusted general financial planning
    • Spending analysis and budget planning
    • Estate management and planning
    • Tax minimization
    • Income tax planning
    • Financial goals analysis
    • Insurance planning
    • End-of-life planning
    • Retirement planning
    • Investment management
  • General consulting
    • Project-based financial planning for a set period of time
    • New plan built for every client, taking into account:
      • Income
      • Expenses
      • Asset
      • Liabilities
      • Tax situation
      • Wills
      • Current investments
      • Employee benefit plan participation
      • Insurance policies
  • 401(k) services by BT’s partner, Capital Directions, LLC
    • Administrative support
    • Marketing management
    • Discretionary investment selection, portfolio models and monitoring
    • Sponsor support
      • Plan design and implementation
    • Participant support
      • Plan education
      • Investment education
    • Rebalances and reallocations
  • IRA rollovers
  • “BT Opportunity Fund II” pooled investment vehicle

BT Wealth Management Investment Philosophy

BT Wealth Management is a strong believer in having a strictly defined asset allocation for every client portfolio it constructs. What this does is allow your advisor to match your pre-specified risk tolerance with exact percentages that each applicable investment type will occupy within your portfolio. For example, someone who’s more risk-averse might have an abundance of bonds and other fixed-income securities. On the other hand, an individual who can stomach higher volatility in the interest of better returns will likely have many equities.

Although, BTWM will attempt to create a portfolio based on your investor profile, its overall investment ideology prefers a long-term approach. The firm states on its website that this predisposition comes from the fact that short-term, market-beating investing can sometimes leave portfolios open to “poor decision-making.” Beyond its base investment essentials, your advisor will also look to invest on a tax efficient basis.

Fees Under BT Wealth Management

Investment advisory services at BTWM are built on a negotiable, asset-based fee schedule. Each of these rates are charged quarterly in advance, even though they are shown in the annual percentages below. All of your fees will be listed in your advisory agreement prior to the beginning of your services. Standalone investment advisory accounts usually adhere to the first table, whereas investment advisory clients who subscribe to any wealth management services should stick to the second table.

Investment Advisory Fees
Portfolio Value Annual Fee
First $2,000,000 1.00%
Next $3,000,000 0.75%
Over $5,000,000 0.50%

 

Wealth Management Program Fees
Portfolio Value Annual Fee
First $5,000,000 1.00%
Over $5,000,000 0.50%

Check out the table below to see how BT’s fees for its asset management services compare to those at similar financial advisor firms. Note that these fees are only estimates, and actual costs may vary.

*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 BT Wealth Management*
Your Assets BT Wealth Management Investment Advisory Fees
$500K $5,000
$1MM $10,000
$5MM $42,500
$10MM $67,500

What to Watch Out For

There are no legal or regulatory issues listed on BT Wealth Management’s SEC-filed Form ADV.

Opening an Account With BT Wealth Management

If you’re confident that you want to work with BT Wealth Management, you can reach each of the firm’s branches at the following phone numbers:

  • Atlanta: (770) 635-5000
  • Savannah: (912) 598-4048

Those who want to interface more with an advisor at the firm before making a decision can fill out the “Speak to a Professional” contact form on BTWM’s website to have one of its advisors call them directly.

All information is accurate as of the writing of this article.

Tips to Improve Your Financial Life

  • If you find yourself uncertain about decisions you’re making with your investments, a financial advisor could help you navigate this terrain. Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. Get started now.
  • Having a specifically set investment plan is one of the best ways to ensure that every financial decision you make is done with purpose. But on smaller financial decisions, like your kitchen-counter economics, you can take matters into your own hands by setting up a budget. The process to develop a budget can be stressful, but SmartAsset’s budget calculator can simplify things significantly. Then you can find more money in your cash flow you might be able to devote toward investing.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.