BCS Financial provides financial planning, portfolio management for individuals and small businesses, pension consulting, business succession planning, education planning, estate planning, family office services, insurance, and philanthropic planning. Financial planning was provided to 51–100 clients last fiscal year.
BCS Financial reports 848 clients. They include 622 individual clients, 202 high-net-worth individuals, and 17 pension and profit-sharing plans. Of its assets, 90.9% ($897M across 1,831 accounts) are managed with discretion; $90.3M across 31 accounts are not. It advised 16 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 18% |
| High-net-worth individuals | 24% | 71% |
| Pension and profit-sharing plans | 2% | 9% |
| Charitable organizations | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 622 | $178M | 18.0% | $286K |
| High-net-worth individuals | 202 | $697M | 70.6% | $3.45M |
| Pension and profit-sharing plans | 17 | $91.3M | 9.3% | $5.37M |
| Charitable organizations | 7 | $21.5M | 2.2% | $3.08M |
| Total | 848 | $987M | 100% | $1.16M |
- Clients
- 622
- Regulatory AUM
- $178M
- AUM share
- 18.0%
- Avg. per client
- $286K
- Clients
- 202
- Regulatory AUM
- $697M
- AUM share
- 70.6%
- Avg. per client
- $3.45M
- Clients
- 17
- Regulatory AUM
- $91.3M
- AUM share
- 9.3%
- Avg. per client
- $5.37M
- Clients
- 7
- Regulatory AUM
- $21.5M
- AUM share
- 2.2%
- Avg. per client
- $3.08M
Total
- Clients
- 848
- Regulatory AUM
- $987M
- AUM share
- 100%
- Avg. per client
- $1.16M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 16
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
BCS Financial charges 0.55%–1.25% a year for its Portfolio Management Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $350,000. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1M | 1.00% |
| $1M–$2.5M | 0.90% |
| $2.5M–$5M | 0.75% |
| $5M–$10M | 0.65% |
| $10M and above | 0.55% |
Fee details and sources
Other fees
- 529 plan management
- 529 plan accounts are billed quarterly in arrears at an annual fee of 1.00%, negotiable based on the client’s circumstances.
- Financial planning fees
- Planning is billed on estimated hours at $100 to $550 an hour, with a $750 minimum total fee, or on a fixed fee.
SCB Partnership owns 50% to 75% of BCS Financial. The leadership team of BCS Financial includes Chief Compliance Officer Lauren Olander. It has 12 employees, 7 of them in advisory roles.
Staff
- 12 employees
- 7 in advisory functions
- 7 state-registered reps
- 3 broker-dealer reps
- 4 insurance agents
- Owns 50% to 75% of BCS Financial, LLC
SCB Partnership
Control person · since November 2010
Thomas Greer
General partner · since November 2010
Melissa Steagall-Jones
General partner · since November 2010
Wade Farmer
General partner · since November 2010
Chad Kisner
General partner · since November 2010
Kevin Peters
General partner · since November 2010
James Hatfield
General partner · since January 2012
Kenneth Benson
General partner · since January 2020
Sarah Presnell
General partner · since January 2022
Andrew Clark
General partner · since January 2024
Jeremy Wright
General partner · since January 2025
- Owns 10% to 25% of BCS Financial, LLC
Nicholas Clay
Control person · since January 2011
- Owns 10% to 25% of BCS Financial, LLC
Myra O'Dell
Control person · since June 2017
- Owns 5% to 10% of BCS Financial, LLC
Nathan Goodwin
Control person · since January 2017
BCS Financial’s regulatory assets grew 2.3× from $426M (March 2021) to $987M (March 2026); clients rose from 470 to 848 and employees from 10 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $987M | 848 | 12 | 1 |
| Mar 2025March 2025 | $812M | 796 | 12 | 2 |
| Mar 2024March 2024 | $599M | 719 | 13 | 2 |
| Aug 2023August 2023 | $522M | 657 | 11 | 2 |
| Mar 2022March 2022 | $517M | 556 | 11 | 2 |
| Mar 2021March 2021 | $426M | 470 | 10 | 2 |
Besides its headquarters, BCS Financial has 0 offices, with 1 listed address in 1 state.
Tennessee · 1 listed address
- 541 Sid Martin Road, Suite A, Johnson CityHQ
Other business names
BCS Financial has reported 1 other business name to the SEC.
- Still Waters Family Office
Contact and registration details
- Legal name
- BCS Financial, LLC
- Headquarters
- 541 Sid Martin Road, Suite A, Johnson City, TN 37615
- Website
- bcswealth.com
- Phone
- 423-283-9821
- @bcs-wealth-management
- SEC file
- 801-60905
- Founded
- 1998
- Structure
- Tennessee LLC
- Fiscal year end
- December
BCS Financial’s named custodian for separately managed accounts is Charles Schwab ($894M). BCS Financial has custody of $367M for 457 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $894M100%
At year end, BCS Financial’s separately managed accounts were mostly in stocks (59%) and funds (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $555M across 270 positions; the largest are Vanguard Index Fds (10.4%), Schwab Strategic TR (3.6%) and Schwab Strategic TR (3.2%).
What the accounts hold
- Stocks59%
- Funds23%
- Bonds1%
- Cash12%
- Other5%
- Alternative investments5%
How many clients does BCS Financial have?
BCS Financial has 848 clients and manages $987 million for them, as of March 2026. They include 622 individual clients, 202 high-net-worth individuals, and 17 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026
What services does BCS Financial offer?
BCS Financial provides financial planning, portfolio management for individuals and small businesses, pension consulting, business succession planning, education planning, estate planning, family office services, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does BCS Financial charge?
BCS Financial charges 0.55%–1.25% a year for its Portfolio Management Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $350,000.
Source: BCS WEALTH MANAGEMENT - ADV PART 2A - MARCH 2026, filed 13 March 2026
Which custodians does BCS Financial use?
BCS Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $894M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026
How many financial advisors does BCS Financial have?
BCS Financial has 7 investment adviser representatives registered with state securities authorities, out of 12 employees, and 7 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does BCS Financial invest in?
At the end of its last fiscal year, BCS Financial’s separately managed accounts held 59% exchange-traded equities, 23% registered funds (mutual funds, ETFs, BDCs), 12% cash and equivalents, 5% other and 1% state and local bonds. The 5% other category is described as: Alternative Investments.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does BCS Financial have a minimum investment?
Yes, BCS Financial’s minimum account size for its Portfolio Management Fees is $350K.
Source: BCS WEALTH MANAGEMENT - ADV PART 2A - MARCH 2026, filed 13 March 2026
Who owns BCS Financial?
BCS Financial’s direct owners are Nicholas Clay (10% to 25%), SCB Partnership (50% to 75%), Nathan Goodwin (5% to 10%) and Myra O'Dell (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 13 March 2026
How does BCS Financial get paid?
BCS Financial is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact BCS Financial?
BCS Financial’s main office is at 541 Sid Martin Road, Suite A, Johnson City, TN 37615. Its phone number is 423-283-9821. Its website is bcswealth.com.