Bancwest Investment Services, Inc (Bwis)

CRD#29357
Investment Advisor Firm

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Overview

Bancwest Investment Services, Inc (Bwis) operates as an advisory company that has its headquarters in Omaha, Nebraska. The firm oversees $1.8 billion in assets over 8,995 customer accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). It has a large team of 343 employees, three hundred five of whom are financial advisors. Bancwest Investment Services, Inc (Bwis) does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets such as options, stocks and bonds.

Bancwest Investment Services, Inc (Bwis) manages all of the company's client assets on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without needing client approval. The company's typical account size is $196,903. The average financial advisor at Bancwest Investment Services, Inc (Bwis) administers about 29 client accounts, making it about average in terms of personalization.

The firm's headquarters is located at 13220 California Street, Omaha, Nebraska 68154-9750. Bancwest Investment Services, Inc (Bwis) is registered to serve customers across 51 U.S. states and territories.

Assets Under Management

$1.8 billion

Number of Advisors

305

Disclosures

No

Office Location

13220 California Street
Omaha, NE 68154-9750

Bancwest Investment Services, Inc (Bwis) by the Numbers

Total Assets Under Management

$1.8 billion

National Average: $3.7 billion
Total Number of Employees

343

National Average: 29
Total Number of Accounts

8,995

National Average: 2,073
Average Account Size

$196.9 thousand

National Average: $1.8 million

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Products and Services

Bancwest Investment Services, Inc (Bwis) provides a variety of financial services, which can include portfolio management for individuals and small businesses, selection of other advisers and other services. However, the company did not provide financial planning services to any of its accounts in the previous fiscal year. Bancwest Investment Services, Inc (Bwis) does sell products or offer services aside from investment advisory services to its clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, insurance company or agency and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors typically are based on which services the firm provides the client. However, fee types charged by the company typically consist of the following fee structures: asset-based. The firm does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

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    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Bancwest Investment Services, Inc (Bwis) manages money for a broad range of customers. The firm provides services to retail investors, high net worth investors, charitable organizations, corporations and other. Out of its 8,995 clients, Bancwest Investment Services, Inc (Bwis)'s biggest client by number of accounts is retail investors, although it also serves 183 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 2.53%
  • Other Individuals - 96.84%
  • Corporations - 0.57%
  • Charitable Organizations - 0.07%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Bancwest Investment Services, Inc (Bwis) does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Bancwest Investment Services, Inc (Bwis)

Stephen Essington
Albuquerque, NM
Michael Rouse
Omaha, NE
Ahmed Eid
Tempe, AZ
John Mathison
Anoka, MN
Karim Bouzerda-Khan
New York, NY
Kathryn Calderon
San Jose, CA
Dimitre Ivanov
San Francisco, CA
Gianluca Paci
Los Angeles, CA
Taylor Sansoni
Omaha, NE

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This content was compiled from the SEC and FINRA