Bh Asset Management, LLC (New York)

Name: Bh Asset Management, LLC
Address: 104 West 40 Th Street, New York, NY, 10018
Telephone: 347-586-0030

Bh Asset Management, LLC is a large advisory firm based in New York. It manages $96.64 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and New York.

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

Bh Asset Management: assets under management

The assets under management (AUM) of Bh Asset Management, LLC is $96.64 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $96.64 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $870.61 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bh Asset Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bh Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bh Asset Management is high net worth individuals with 97 clients and $86.74 million of assets under management. Among the 8 most similar advisory firms, Bh Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.64 million for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bh Asset Management doesn't advise any private funds.

Careers at Bh Asset Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives 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
Larry Bernard Faigin	Chief compliance officer and ceo	1 Sep 2009	75% - 100%	5732575
Robert Francis Searing	Chief financial officer and chief operating officer	1 Jan 2010	Other	1367127
Charles Edward Ely Helme	Managing director, managing member	1 Jul 2010	Other	712007
Llc Kidderbrook	Member	1 Jul 2010	75% - 100%	20-5731164
Larry Bernard Faigin	Chairman emeritus	1 Jul 2010	Other	5732575
Joseph Peter Giordano	Chief compliance officer	1 Mar 2011	Other	2766544
Llc Middlebrook	Member	1 Sep 2011	Other	20-5731164
Robert Francis Searing	Chief compliance officer, chief operating officer	1 Jan 2012	Other	1367127

Based in New York

The principal office where Bh Asset Management, LLC performs its advisory services is located at 104 West 40 Th Street, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Greewich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 347-586-0030 or by fax 347-586-0034. The normal business hours are 0900-1700 et on Monday - Friday. You can find more information about the New York firm at bhasset.com.