Beck Bode LLC (Dedham)

Name: Beck Bode LLC
Address: 858 Washington Street, Dedham, MA, 02026
Telephone: 617-209-2224

Beck Bode LLC is a large advisory firm based in Dedham. It manages $254.7 million of regulatory assets for 1,788 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 14 other states.

Beck Bode provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and financial consulting and providing sub-advisory services to other rias. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beck Bode: assets under management

The assets under management (AUM) of Beck Bode LLC is $254.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $254.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $142.45 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is investment and business development companies, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beck Bode LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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 Beck Bode serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Beck Bode is high net worth individuals with 140 clients and $202.16 million of assets under management. Among the 5 most similar advisory firms, Beck Bode has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $254.7 million for 705 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.

Beck Bode doesn't advise any private funds.

Careers at Beck Bode LLC

The company employs 21 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 14 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
Benjamin W Beck	Managing partner and chief compliance officer	1 Feb 2013	50% - 75%	4910104
James Bode	Managing partner	1 Feb 2013	50% - 75%	4723885
Daniel Stephen Kline	Chief operating officer	1 Jan 2018	Other	6929059

Based in Dedham

The principal office where Beck Bode LLC performs its advisory services is located at 858 Washington Street, Dedham, MA 02026, which is also the mailing address of the firm. An additional office of the firm is in Salem, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-209-2224 or by fax 617-249-0298. The normal business hours are 8:30am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at beckbodewealth.com/ and its LinkedIn profile.