Bristlecone Value Partners, LLC (Los Angeles)


Bristlecone Value Partners, LLC is a large advisory firm based in Los Angeles. It manages $105.1 million of regulatory assets for 271 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California and New Hampshire.

Bristlecone Value Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bristlecone Value Partners: assets under management

The assets under management (AUM) of Bristlecone Value Partners, LLC is $105.1 million. The firm's AUM has gone down by -81% since the beginning of its operation, and $2.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $102.4 million in discretionary accounts and $2.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $393.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $245.45 thousand.
Bristlecone Value Partners has custody of $1.8 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bristlecone Value Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Bristlecone Value Partners serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Bristlecone Value Partners is high net worth individuals with 72 clients and $102.2 million of assets under management. Among the 8 most similar advisory firms, Bristlecone Value Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.1 million for 81 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Bristlecone Value Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Bristlecone Value Partners, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
David Rex Fleer Managing partner 1 Jan 2004 Other 2807692
Jean Luc Francois Nouzille Managing partner, chief compliance officer 1 Jan 2004 Other 2208571
Nouzille Family Trust U/A Dtd 8/24/2004 Member 1 Jan 2005 25% - 50% 20-6412515
Josh Todd Graybill Analyst/trader 1 Jun 2008 Other 5655874
Fleer Miler Family Trust U/A Dtd 9/9/2008 Member 1 Sep 2008 25% - 50% 26-6655517

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jean Luc Francois Nouzille Trustee 1 Aug 2004 25% - 50% 2208571
Cyrena Nouzille Trustee 1 Aug 2004 25% - 50% 4905554
David Rex Fleer Trustee 1 Sep 2008 25% - 50% 2807692
Ann Rachel Miler Trustee 1 Sep 2008 25% - 50% 5655900

Based in Los Angeles

The principal office where Bristlecone Value Partners, LLC performs its advisory services is located at 12301 Wilshire Boulevard, Los Angeles, CA 90025, which is also the mailing address of the firm. An additional office of the firm is in Agoura Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-806-4141 or by fax 310-806-4140. The normal business hours are 7:00 a.m. to 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at bristlecone-vp.com/.