BBN Management, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$7,400,000
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
26
62% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
26
TypicalAverage account size
$284,615
About
BBN Management, LLC is a single-advisor investment management firm that provides discretionary portfolio management through separately managed accounts and by acting as general partner of a proprietary pooled investment vehicle (WBL Partners, LP). The firm serves individual and trust clients and unregistered investment companies and does not provide financial planning services.
The adviser pursues a capital appreciation strategy grounded in fundamental research and concentrated portfolios, and it indicates position sizes can exceed 10% of an account’s value; the pooled fund targets opportunistic investments in micro- and small-cap equities and special situations, including relatively illiquid holdings. The firm states it may raise cash, use option strategies or engage in short selling in response to market conditions, and the pooled vehicle is subject to a performance-based fee structure with a high-water mark.
Compared with many solo independent advisers, BBN’s combination of separate account management and operation of a private pooled fund is uncommon, as is the use of performance-based compensation and actively managed pooled vehicles. The brochure also discloses a recent regulatory matter concerning a lapsed continuing-education filing that was resolved administratively without a monetary fine.
Client services
Portfolio management
Expertise
Active portfolio management
Concentrated stock management
Fee options
20% performance fee on profits for Fund limited partners, with a 1% annual management fee on assets in the Fund.
Account minimum: $500,000 (subject to reduction at GP’s discretion)
Main office location
BBN Management, LLC
340 Pine Street, Suite 503
San Francisco CA 94104, United States
Number of offices
1
Most active in
BBN Management, LLC has reported serving >5 clients in these states in the last 12 months.
California
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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