SBB Research Group provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. The firm advises 7 private funds.
SBB Research Group reports 10 clients. They include 7 pooled investment vehicles and 3 high-net-worth individuals. Of its assets, 99.1% ($3.23B across 10 accounts) are managed with discretion; $29.6M across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 30% | 2% |
| Pooled investment vehicles | 70% | 98% |
| Other | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 3 | $58.6M | 1.8% | $19.5M |
| Pooled investment vehicles | 7 | $3.2B | 98.1% | $457M |
| Other | Fewer than 5 | $3.64M | 0.1% | — |
| Total | 10 | $3.26B | 100% | — |
- Clients
- 3
- Regulatory AUM
- $58.6M
- AUM share
- 1.8%
- Avg. per client
- $19.5M
- Clients
- 7
- Regulatory AUM
- $3.2B
- AUM share
- 98.1%
- Avg. per client
- $457M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.64M
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 10
- Regulatory AUM
- $3.26B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 7
- Financial planning clients last fiscal year
- 0
SBB Research Group is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
SBB Research Group Enterprises LLC owns 75% or more of SBB Research Group and is in turn owned by Samuel Barnett (75% or more). Samuel Barnett is CEO; the leadership team includes Chief Operating Officer Matthew Aven, Chief Financial Officer Bradley Greenstein and Chief Compliance Officer Michael Chick. It has 28 employees, 11 of them in advisory roles.
Leadership
- Samuel BarnettChief Executive Officer
- Bradley GreensteinChief Financial Officer
- Matthew AvenChief Operating Officer
- Michael ChickChief Compliance Officer
- Sandeep NavalgundDirector of Research
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Matthew Lawrence Aven
Staff
- 28 employees
- 11 in advisory functions
- 1 state-registered rep
- Owns 75% or more of SBB Research Group LLC
SBB Research Group Enterprises LLC
Control person · since January 2017
- Owns 75% or more of SBB Research Group Enterprises LLC
Samuel Barnett
Control person · since January 2017
SBB Research Group’s regulatory assets grew 6.1× from $532M (June 2021) to $3.26B (August 2026); clients fell from 16 to 10 and employees were 28 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $3.26B | 10 | 28 | 1 |
| Jul 2025July 2025 | $2.79B | 12 | 27 | 1 |
| Mar 2024March 2024 | $2.45B | 19 | 27 | 1 |
| May 2023May 2023 | $2.09B | 18 | 23 | 1 |
| Mar 2022March 2022 | $1.84B | 18 | 22 | 1 |
| Jun 2021June 2021 | $532M | 16 | 27 | 1 |
Besides its headquarters, SBB Research Group has 0 offices, with 1 listed address in 1 state.
Illinois · 1 listed address
- 450 Skokie BLVD., Building 600, NorthbrookHQ
Contact and registration details
- Legal name
- SBB Research Group LLC
- Headquarters
- 450 Skokie BLVD., Building 600, Northbrook, IL 60062
- Website
- sbbrg.com
- Phone
- 847-656-1111
- @sbb-research-group
- SEC file
- 801-79560
- Structure
- Illinois LLC
- Fiscal year end
- December
SBB Research Group’s named custodians for separately managed accounts are J.P. Morgan ($33.1M, 39%), E*trade Securities ($30.3M, 35%) and Mesirow Financial ($22.3M, 26%). SBB Research Group has custody of $3.2B for 8 clients.
- E*trade SecuritiesE*trade Securities LLC · Chicago, IL · $30.3M35%
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $33.1M39%
- Mesirow FinancialMesirow Financial, Inc. · Chicago, IL · $22.3M26%
At year end, SBB Research Group’s separately managed accounts were mostly in stocks (91%).
What the accounts hold
- Stocks91%
- Cash8%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does SBB Research Group have?
SBB Research Group has 10 clients and manages $3.26 billion for them, as of August 2026. They include 7 pooled investment vehicles and 3 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026
What services does SBB Research Group offer?
SBB Research Group provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does SBB Research Group use?
SBB Research Group’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $33.1M, E*trade Securities LLC (Chicago, IL), with $30.3M and Mesirow Financial, Inc. (Chicago, IL), with $22.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026
How many financial advisors does SBB Research Group have?
SBB Research Group has 1 investment adviser representative registered with state securities authorities, out of 28 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 SBB Research Group invest in?
At the end of its last fiscal year, SBB Research Group’s separately managed accounts held 91% exchange-traded equities and 8% cash and equivalents. It advises 7 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SBB Research Group?
SBB Research Group is owned through a holding company by Samuel Barnett. Its direct owner is SBB Research Group Enterprises LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 August 2026
How does SBB Research Group get paid?
SBB Research Group is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions 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 SBB Research Group?
SBB Research Group’s main office is at 450 Skokie BLVD., Building 600, Northbrook, IL 60062. Its phone number is 847-656-1111. Its website is sbbrg.com.