Description of Advisory Firm
BNC Wealth Management, LLC DBA NBC Capital Advisors (“NBC” or the “Firm”) is a privately owned
limited liability company headquartered in Portland, OR.
NBC has filed for registration as an investment adviser with the U.S. Securities and Exchange Commission.
The Firm was formed in 2017 and is owned by David Nanson and Jason Bratt. As of December 31, 2023, the
Firm manages approximately $500,520,563 in assets for approximately 1972 accounts on a discretionary
basis and approximately $63,137,904 in assets for approximately 23 accounts on a non-discretionary
basis. In total, NBC manages approximately $563,658,467 in assets for approximately 1995 accounts.
While this brochure generally describes the business of the Firm, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons
occupying a similar status or performing similar functions), employees or any other person who provides
investment advice on the Firm’s behalf and is subject to the Firm’s supervision or control.
Advisory Services Offered
The Firm offers discretionary investment management and investment advisory services. Prior to the Firm
rendering any of the foregoing advisory services, clients are required to enter into one or more written
agreements with the Firm setting forth the relevant terms and conditions of the advisory relationship (the
“Advisory Agreement”).
Investment Management Services
NBC offers continuous and regular investment supervisory services on a discretionary basis. NBC has the
ongoing responsibility to select and/or make recommendations based upon the objectives of the client,
as to specific securities or other investments that he/she recommends or purchases/sells in clients’
accounts. We utilize a variety of investment types when making investment recommendations/purchases
in client accounts which include, but are not limited to equity securities, fixed income securities,
alternatives and mutual funds. The investments recommended/purchased are based off of the clients’
individual needs, goals and objectives. NBC offers investment advice on any investment held by the client
at the start of the advisory relationship. We describe the material investment risks under Item 8 – Methods
of Analysis, Investment Strategies, and Risk of Loss. Financial Planning may be provided to clients as a part
of the Investment Management Services. When being provided as a separate service it is described in this
section under Financial Consulting Services below.
We discuss our discretionary authority below under Item 16 – Investment Discretion. For more
information about the restrictions clients can put on their accounts, see the section Tailored Services and
Client Imposed Restrictions in this item below. We describe the fees charged for investment management
services below under Item 5 – Fees and Compensation.
5
Financial Planning & Consulting Services
Our Financial Planning and Consulting Service offers clients the ability to have their investment portfolio
allocated among different financial institutions and reviewed by an Investment Adviser Representative
for a negotiated fee. This consultation offers the client a detailed look at their financial condition in
relation to their investment objectives, risk tolerance, time horizon, and any financial goals that they may
be seeking to achieve. This Financial Consultation Service offered by us may or may not be in conjunction
with one of our other fee-based programs.
We provide a variety of financial consulting services to individuals, families and other clients regarding
the management of their financial resources based upon an analysis of client’s current situation, goals,
and objectives. Consulting encompasses one or more of the following areas: Investment Planning,
Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Corporate and Personal
Tax Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis,
Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning.
Our financial consultations rendered to clients usually include general recommendations for a course of
activity or specific actions to be taken by the clients. In performing these services, NBC is not required to
verify any information received from the client or from the client’s other professionals (e.g., attorneys,
accountants, etc.,) and is expressly authorized to rely on such information. NBC may recommend clients
engage the Firm for additional related services, its Supervised Persons in their individual capacities
as registered representatives of a broker-dealer and/or other professionals to implement its
recommendations. Clients are advised that a conflict of interest exists if clients engage the Firm or its
affiliates to provide additional services for compensation. Clients retain absolute discretion over all
decisions regarding implementation and are under no obligation to act upon any of the recommendations
made by the Firm under a financial planning or consulting engagement. Clients are advised that it remains
their responsibility to promptly notify the Firm of any change in their financial situation or investment
objectives for the purpose of reviewing, evaluating or revising the Firms recommendations and/or services.
For financial consulting engagements, we provide our clients with a written summary of our observations
and recommendations. One-time consultations are typically completed within six (6) months of the client
signing a contract with us, assuming that all the information and documents we request from the client
are provided to us promptly. Services provided under an on-going consultation agreement are conducted
on a regular basis, but no less than annually with the client. The client is under no obligation to act upon
the investment adviser’s recommendation. If the client elects to act on our recommendations, the client
is under no obligation to effect the transaction through us.
We describe fees charged for Financial Consultation Services below under Item 5 - Fees and Compensation.
Other Third-Party Services
The Firm has entered into a service agreement with Pontera (formerly FeeX Inc.) to provide asset
6
management services for accounts held away from our primary custodial affiliations. Through this, we are
able to create a portfolio, consisting of the securities/investment opportunities available depending on the
type of held away account being managed by our firm. The Pontera platform allows us to avoid being
considered to have custody of Client funds since we do not have direct access to Client log-in credentials
to affect trades. We are not affiliated with the platform in any way and receive no compensation from them
for using their platform. A link will be provided to the Client allowing them to connect an account(s) to the
platform. The client’s individual investment strategy is tailored to their specific needs and may include
some or all of the securities made available. Portfolios will be designed to meet a particular investment
goal, determined to be suitable to the client’s circumstances. Once the appropriate portfolio has been
determined, portfolios are continuously and regularly monitored, and if necessary, rebalanced.