BeLPointe Asset Management LLC (Phoenix)


BeLPointe Asset Management LLC is a large advisory firm based in Phoenix. It manages $1.32 billion of regulatory assets for 6,226 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

BeLPointe Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

BeLPointe Asset Management: assets under management

The assets under management (AUM) of BeLPointe Asset Management LLC is $1.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1509% since the beginning of its operation, and $1.81 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.05 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay BeLPointe Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients BeLPointe Asset Management serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of BeLPointe Asset Management is individuals with 3,296 clients and $730.98 million of assets under management. Among the 11 most similar advisory firms, BeLPointe Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.32 billion for 3,503 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

BeLPointe Asset Management also advises several private funds. Namely, one real estate fund. The minimum investment commitment required of non-related persons is $2,500,000 for each fund.

Careers at BeLPointe Asset Management LLC

The company employs 97 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 92 employees are registered as investment adviser representatives with the state securities authorities.

There are 37 people 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
Gregory Hasbrouck Skidmore Partner, president and chief compliance officer 1 Feb 2007 Other 4709360
Llc Belray Asset Management Holding Member 1 Feb 2007 50% - 75% 56-2644612
Llc Belpointe Asset Management Holding Member 1 Feb 2007 50% - 75% 56-2644612
Brandon Eric Lacoff Partner and on board of directors 1 Mar 2007 Other 2504628
Philip Murray Skidmore On board of directors, chairman and chief economist 1 Mar 2007 Other 425746
Llc Belpointe Financial Holdings Member 1 Apr 2007 75% - 100% 45-4930593
Kimberley Ann Raimondo Chief compliance officer 1 Aug 2017 Other 6777663

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Ronald Alfred Young Member, non active partner 1 Mar 2007 25% - 50% 4299029
Martin Shepard Lacoff Trustee 1 Jan 2010 Other 300246
Brooks Lacoff Beneficiary 1 Jan 2010 25% - 50% 6848763
Zachary Lacoff Beneficiary 1 Jan 2010 25% - 50% 6848764
Skylar Lacoff Beneficiary 1 Jan 2010 25% - 50% 6848765
Gregory Hasbrouck Skidmore Member 1 Apr 2012 50% - 75% 4709360

Based in Phoenix

The principal office where BeLPointe Asset Management LLC performs its advisory services is located at 3930 E. Ray Road, Phoenix, AZ 85044 The mailing address of the firm is 125 Greenwich Ave, Greenwich, CT 06830. An additional office of the firm is in Palm Desert, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 4806463504 or by fax 4806463504. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at belpointe.com.