{"url":"https://nivawealth.com/firms/sbb-research-group-161109","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/161109","regulatoryAum":3260240863,"crd":"161109","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5462530","suffix":null,"lastName":"AVEN","firstName":"MATTHEW","middleName":"LAWRENCE"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-06-25","regulatoryAum":531681642,"clients":16,"employees":27,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":1838390193,"clients":18,"employees":22,"offices":1},{"filedOn":"2023-05-31","regulatoryAum":2093574554,"clients":18,"employees":23,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":2454707023,"clients":19,"employees":27,"offices":1},{"filedOn":"2025-07-10","regulatoryAum":2787637967,"clients":12,"employees":27,"offices":1},{"filedOn":"2026-08-05","regulatoryAum":3260240863,"clients":10,"employees":28,"offices":1}],"secFileNumber":"801-79560","legalName":"SBB Research Group LLC","displayName":"SBB Research Group","slug":"sbb-research-group-161109","website":"https://sbbrg.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/sbb-research-group","xUrl":"https://x.com/SBBRESEARCH","founded":null,"organization":"Illinois limited liability company","fiscalYearEnd":"December","headquarters":{"street":"450 Skokie BLVD., Building 600","city":"Northbrook","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60062"},"tradeNames":[],"registration":{"secApproved":"23 April 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":19532961,"staff":{"employees":28,"advisory":11,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":3260240863,"discretionary":3230664837,"discretionaryAccounts":10,"nonDiscretionary":29576026,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":3,"regulatoryAum":58598883},{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":3197997813},{"label":"Other","clients":null,"fewerThan5":true,"regulatoryAum":3644167}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"E*trade Securities LLC","shortName":"E*trade Securities","location":"Chicago, IL","smaAssets":30295795},{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":33144157},{"name":"Mesirow Financial, Inc.","shortName":"Mesirow Financial","location":"Chicago, IL","smaAssets":22345349}],"custodyNote":"SBB Research Group has custody of $3.2B in client assets for 8 clients.","otherCustodians":[],"leadership":[{"name":"Samuel Barnett","title":"Chief Executive Officer","crd":"6024057"},{"name":"Bradley Greenstein","title":"Chief Financial Officer","crd":"7473106"},{"name":"Matthew Aven","title":"Chief Operating Officer","crd":"5462530"},{"name":"Michael Chick","title":"Chief Compliance Officer","crd":"4283632"},{"name":"Sandeep Navalgund","title":"Director of Research","crd":"7522482"}],"ownership":[{"label":"SBB Research Group Enterprises LLC","detail":"Sole member in the 75% or more ownership band and a control person, since January 2017."},{"label":"Samuel Barnett","detail":"Indirect owner: a sole member of SBB Research Group Enterprises LLC in the 75% or more band and a control person, since January 2017.","parent":"SBB Research Group Enterprises LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"450 Skokie BLVD., Building 600","city":"Northbrook","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-656-1111","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":91},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":7},"sources":{"adv1FilingDate":"5 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/161109/PDF/161109.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does SBB Research Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does SBB Research Group offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does SBB Research Group use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does SBB Research Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does SBB Research Group invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns SBB Research Group?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does SBB Research Group get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact SBB Research Group?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}