Belvedere Advisors LLC (San Francisco)


Belvedere Advisors LLC is a large advisory firm based in San Francisco. It manages $1.92 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

Belvedere Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Belvedere Advisors: assets under management

The assets under management (AUM) of Belvedere Advisors LLC is $1.92 billion. The firm's AUM has grown by 1818% since the beginning of its operation, and $2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $130 million in discretionary accounts and $1.79 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.64 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $105.17 million.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Belvedere Advisors LLC for their services and products based on a percentage of assets under management, subscription fees, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Belvedere Advisors serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Belvedere Advisors is other investment advisers with 17 clients and $1.91 billion of assets under management. Among the 10 most similar advisory firms, Belvedere Advisors has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $1.92 billion for 45 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.

Belvedere Advisors doesn't advise any private funds.

Careers at Belvedere Advisors LLC

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 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
Patrick Bruno Beaudan Elected manager, ceo and cco 1 Apr 2005 Other 4313406
Jason Lynn Tripp Compliance officer 1 Aug 2007 Other 4656089
Sophia Llc Managing member 1 May 2009 75% - 100% 82-0579652
Mari Kawawa Elected manager, cfo 1 May 2010 Other 2658118
Dennis Michael Azary Compliance officer 1 Jun 2016 Other 2384263

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Patrick Bruno Beaudan Elected manager 1 Oct 2002 75% - 100% 4313406

Based in San Francisco

The principal office where Belvedere Advisors LLC performs its advisory services is located at 2 Embarcadero Center, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Tiburon, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-839 5239. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at beladv.com.