Beam Asset Management, LLC is a large advisory firm based in Covington. It manages $444.15 million of regulatory assets for 2,118 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Arkansas, California, and 21 other states.
Beam Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, market timing services, educational seminars and workshops, and estate planning. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Beam Asset Management, LLC is $444.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $7.54 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Beam 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.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Scott Edward Bordelon is high net worth individuals with 128 clients and $222.98 million of assets under management. Among the 11 most similar advisory firms, Beam Asset Management has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $444.15 million for 1,082 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.
Beam Asset Management doesn't advise any private funds.
The company employs 26 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 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.
Scott Edward Bordelon has been acting as President since 1 Apr 2018. Albert Larry Lock joined the executive team most recently as the Member.
The principal office where Beam Asset Management, LLC performs its advisory services is located at 72096 Ramos Avenue, Covington, LA 70433, which is also the mailing address of the firm. An additional office of the firm is in Columbus, MS. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 985-893-1440 or by fax 888-453-5977. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at fimadvisors.com.