BNB Wealth Management, LLC logo

BNB Wealth Management, LLC

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Client assets under management

$201,600,000

Clients

441

34% high-net worth

Advisors

4

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

110

Very High

Average account size

$457,143

About

BNB Wealth Management is a privately owned, SEC‑registered advisory firm that serves individuals (including retirees and business owners), high‑net‑worth clients, trusts, small businesses and retirement plan sponsors. With four advisors managing roughly $264.6 million for about 441 clients, the firm provides ongoing portfolio management, financial planning, pension consulting, and participant education services.

The firm generally constructs diversified portfolios using primarily mutual funds and develops client investment policies through one‑on‑one interviews, periodic reviews, and rebalancing as appropriate; its financial planning work uses tools such as Monte Carlo simulation to model outcomes. BNB offers discretionary asset management and also sponsors and acts as portfolio manager for its own wrap fee program, which aggregates advisory, execution and custody services for participating accounts.

What distinguishes BNB from many peers is its multi‑office footprint (five offices) and its role as a wrap program sponsor and manager—both features that are relatively uncommon among similar team firms. The brochure also discloses that clients must establish accounts through the firm’s introducing broker‑dealer (Capitol Securities Management) with Raymond James as custodian, that representatives may act in separate capacities as broker‑dealer registered representatives and insurance agents (a potential conflict), and that the firm settled an SEC matter in 2020 related to mutual fund share‑class selection, after which it changed certain practices.

Client services

Financial planning Portfolio management Pension consulting

Expertise

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Retirement income strategy Long-term care insurance

Occupation focus

Founder/Business Owner Retired

Fee options

Fixed

Fixed fee financial planning engagements; amount depends on scope and expertise.

Percentage

Up to 1.75% per annum maximum, negotiable and tiered based on client agreement

Commissions

IARs may receive commissions in their separate capacity as registered representatives of the broker-dealer Capitol Securities Management, Inc. for securities and insurance products sales.

Project-based

Financial planning and consulting hourly fees generally range from $150 to $500 per hour.

Other

Fee-only: Investment advisory fees calculated as a percentage of assets under management, payable quarterly in arrears; Financial planning fees charged on fixed fee basis or hourly ($150 - $500/hour); Consulting fees charged hourly ($150 - $500/hour); Portfolio Analysis and Review fee between 0.00% - 0.75% one-time charge.

Main office location

BNB Wealth Management, LLC

8730 Georgia Avenue, Suite 500

Silver Spring MD 20910, United States

Number of offices

5

Most active in

District of Columbia · Florida · Maryland · Pennsylvania · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Andrew B

Series 63, Series 65

Silver Spring, MD

BNB Wealth Management, LLC

Andrew Bellamah is a financial advisor with BNB Wealth Management, LLC in Silver Spring, MD, holding Series 63 and Series 65 licenses and possessing 34 years of industry experience. He has extensive involvement in managing and leasing commercial and industrial properties through multiple entities, including roles as owner and manager of several real estate ventures. BNB Wealth Management provides investment advisory and financial planning services to individuals, trusts, small businesses, and retirement plan sponsors. The firm constructs diversified portfolios, develops individualized investment policies, and offers a wrap-fee program combining advisory, execution, and custody services.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Retirement income strategy Long-term care insurance Founder/Business Owner Retired
user avatar

Feldy S

Series 63, Series 65

Silver Spring, MD

BNB Wealth Management, LLC

Feldy Suwito is an investment advisor at BNB Wealth Management, LLC with 27 years of industry experience. He has been with Bellamah, Neuhauser & Barrett, Inc. since 1998. Outside of his advisory role, he operates a photography business specializing in family portraits and event photography. BNB Wealth Management provides investment advisory and financial planning services to individuals, trusts, small businesses, and retirement plan sponsors. The firm constructs diversified portfolios, develops individualized investment policies, and offers a wrap-fee program combining advisory, execution, and custody services.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Retirement income strategy Long-term care insurance Founder/Business Owner Retired
user avatar

Andrew B

Series 66

Riverview, FL

BNB Wealth Management, LLC

Andrew Bellamah is a financial advisor with BNB Wealth Management, LLC, holding a Series 66 designation and 12 years of industry experience. He has worked at multiple firms, including Capitol Securities Management, Inc., and currently serves as CEO of SalonRenter, a website focused on beauty-specific commercial real estate listings. BNB Wealth Management provides investment advisory and financial planning services to individuals, trusts, small businesses, and retirement plan sponsors. The firm constructs diversified portfolios using mutual funds and model allocations, develops individualized investment policies, and employs Monte Carlo simulations as part of its planning process.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Retirement income strategy Long-term care insurance Founder/Business Owner Retired
user avatar

Miguel P

Series 66

Silver Spring, MD

BNB Wealth Management, LLC

Miguel Padilla is a financial advisor at BNB Wealth Management, LLC with 17 years of industry experience. He holds the Series 66 designation and has worked at Capitol Securities Management since 2011 alongside his role at BNB Wealth Management beginning in 2010. Outside of advisory work, he owns and manages a vacation rental property. BNB Wealth Management provides investment advisory and financial planning services to individuals, trusts, small businesses, and retirement plan sponsors. The firm constructs diversified portfolios, develops individualized investment policies, and offers discretionary portfolio management and pension consulting, operating from multiple offices and sponsoring its own wrap-fee program.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Retirement income strategy Long-term care insurance Founder/Business Owner Retired
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