Bel Air Investment Advisors LLC is a large advisory firm based in Los Angeles. It manages $7.86 billion of regulatory assets for 1,530 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.
Bel Air Investment Advisors provides portfolio management for individuals and small businesses, 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.
Bel Air Investment Advisors: assets under management
The assets under management (AUM) of Bel Air Investment Advisors LLC is $7.86 billion. The firm's AUM has grown by 65% since the beginning of its operation, and $28.72 million of the total AUM is attributable to clients outside of the United States.
The firm manages $7.85 billion in discretionary accounts and $10.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $358.18 thousand.
Bel Air Investment Advisors has custody of $4.65 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.
Investments
The firm invests in state and local bonds the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Bel Air Investment Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Sylvain Brosseau serves?
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Sylvain Brosseau is high net worth individuals with 528 clients and $7.14 billion of assets under management. Among the 3 most similar advisory firms, Bel Air Investment Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $7.86 billion for 655 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.
Bel Air Investment Advisors doesn't advise any private funds.
Careers at Bel Air Investment Advisors LLC
The company employs 53 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 18 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 receive compensation from other entities for client referrals.
Sylvain Brosseau has been acting as President since 1 Jan 2015. Charles Peter Mayer has served as the Chief Investment Officer since 1 Jan 2004. David Sadkin joined the executive team most recently as the President.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 13 indirect owners.Based in Los Angeles
The principal office where Bel Air Investment Advisors LLC performs its advisory services is located at 1999 Avenue Of The Stars, Los Angeles, CA 90067, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-229-1500 or by fax 424-386-4876. The normal business hours are 6:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at belair-llc.com.
