Berman Capital Advisors, LLC is a large advisory firm based in Atlanta. It manages $2.28 billion of regulatory assets for 668 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, California, Florida, and 5 other states.
Berman Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and bookkeeping, financial reporting, clerical assistance in other financial matters. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Berman Capital Advisors, LLC is $2.28 billion. The firm's AUM has grown by 208% since the beginning of its operation, and $5 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Berman Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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, pooled investment vehicles, corporations or other businesses, and state or municipal government entities. The largest group of clients of Wendell Switzer Reilly is high net worth individuals with 177 clients and $2.2 billion of assets under management. Among the 9 most similar advisory firms, Berman Capital Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.28 billion for 188 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.
Berman Capital Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 24 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Wendell Switzer Reilly has been acting as President since 1 Oct 2011. John Russell Allen has served as the Chief Investment Officer since 1 Aug 2014. David Lee Fisher joined the executive team most recently as the President.
The principal office where Berman Capital Advisors, LLC performs its advisory services is located at 3475 Lenox Road, Atlanta, GA 30326, which is also the mailing address of the firm. An additional office of the firm is in Johns Creek, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 404-554-4999 or by fax 404-554-0455. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at bermancapital.com.