Berman, Steven Mallin (Mill Valley)

Name: Berman, Steven Mallin
Address: 80 Mountain Lane, Mill Valley, CA, 94941
Telephone: 415-388-8938

Berman, Steven Mallin is a large advisory firm based in Mill Valley. It manages $1.07 billion of regulatory assets for 197 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of California.

Berman, Steven Mallin provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Berman, Steven Mallin: assets under management

The assets under management (AUM) of Berman, Steven Mallin is $1.07 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1952% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.07 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.44 million each.

Berman, Steven Mallin has custody of $53.68 million in cash and securities for 27 clients 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 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Berman, Steven Mallin for their services and products based on a percentage of assets under management and hourly charges. 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 Berman, Steven Mallin serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Berman, Steven Mallin is high net worth individuals with 31 clients and $347.09 million of assets under management. Among the 9 most similar advisory firms, Berman, Steven Mallin has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $350.76 million for 46 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, Steven Mallin doesn't advise any private funds.

Careers at Berman, Steven Mallin

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Steven Mallin Berman	Sole proprietor/chief compliance officer	1 Jan 1992	75% - 100%	2226183

Based in Mill Valley

The principal office where Berman, Steven Mallin performs its advisory services is located at 80 Mountain Lane, Mill Valley, CA 94941 The mailing address of the firm is P.O. Box 2229, Mill Valley, CA 94942. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-388-8938 or by fax 415-381-8229. The normal business hours are by appointment only on Other. You can find more information about the New York firm at bermanadvisors.com.