Bay Mutual Financial LLC (Santa Monica)


Bay Mutual Financial LLC is a large advisory firm based in Santa Monica. It manages $25.4 billion of regulatory assets for 71 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California and Texas.

Bay Mutual Financial provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bay Mutual Financial: assets under management

The assets under management (AUM) of Bay Mutual Financial LLC is $25.4 billion. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bay Mutual Financial LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bay Mutual Financial serves?

The only and largest group of clients of Bay Mutual Financial is pension and profit sharing plans with 10 clients and $9.13 billion of assets under management. Among the 12 most similar advisory firms, Bay Mutual Financial has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $9.13 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.

Bay Mutual Financial doesn't advise any private funds.

Careers at Bay Mutual Financial LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Martin William Pernoll Senior managing member/chief compliance officer 1 Jan 2005 50% - 75% 2094844
Avner Ben Ner Chief financial operations officer / finop 1 Jan 2005 25% - 50% xxx-xx-xxxx
Martin Lester Pernoll Managing member 1 Jan 2006 25% - 50% 4816848
Thomas John Demko Executive vice president 1 Dec 2011 Other 5910769
Martin William Pernoll Senior managing member & chief compliance officer 1 Jan 2014 75% - 100% 2094844
Kevin Gram Breard Finop 1 Sep 2015 Other 4701414

Based in Santa Monica

The principal office where Bay Mutual Financial LLC performs its advisory services is located at 1460 Fourth St., Santa Monica, CA 90401, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 3105863222 or by fax 310-586-3225. The normal business hours are bay mutual financial on Monday - Friday. You can find more information about the New York firm at baymutual.com.