Broadmark Asset Management LLC (San Francisco)

Broadmark Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and model portfolios for wrap account sponsors. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Broadmark Asset Management: assets under management

The assets under management (AUM) of Broadmark Asset Management LLC is $697.53 million. The firm's AUM has grown by 632% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $375.69 million in discretionary accounts and $321.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $321.83 million.

Investments

The firm invests in cash and cash equivalents the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 42% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Broadmark Asset Management 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 Broadmark Asset Management serves?

The only and largest group of clients of Broadmark Asset Management is investment companies with 2 clients and $369.7 million of assets under management. Among the 8 most similar advisory firms, Broadmark Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $369.7 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Broadmark Asset Management doesn't advise any private funds.

Careers at Broadmark Asset Management LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 53 indirect owners.

Based in San Francisco

The principal office where Broadmark Asset Management LLC performs its advisory services is located at 345 California Street, San Francisco, CA 94104, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-925-4970. The normal business hours are 6:00 a.m. to 2:00 p.m. on Monday - Friday. You can find more information about the New York firm at broadmarkasset.com.

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