Beverly Hills Wealth Management, LLC (Beverly Hills)

Name: Beverly Hills Wealth Management, LLC
Address: 9454 Wilshire Blvd., Beverly Hills, CA, 90212
Telephone: (310) 859-1600

Beverly Hills Wealth Management, LLC is a large advisory firm based in Beverly Hills. It manages $142.12 million of regulatory assets for 631 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Florida, and 3 other states.

Beverly Hills Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, 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.

Beverly Hills Wealth Management: assets under management

The assets under management (AUM) of Beverly Hills Wealth Management, LLC is $142.12 million. The firm's AUM has grown by 33% since the beginning of its operation, and $122.97 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $103.92 million in discretionary accounts and $38.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $326.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $122.03 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 24% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beverly Hills Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Beverly Hills Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Beverly Hills Wealth Management is high net worth individuals with 80 clients and $121.77 million of assets under management. Among the 10 most similar advisory firms, Beverly Hills Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $142.12 million for 168 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.

Beverly Hills Wealth Management doesn't advise any private funds.

Careers at Beverly Hills Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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 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
Margaret Mulligan Black	Managing member	1 Dec 2009	75% - 100%	22518
John Daniel Stuart	Chief information officer	1 May 2010	Other	5633617
Steven William Stahlberg	Western division director	1 Jun 2012	Other	722167
Andrew Corey Fass	Western division marketing director	1 Aug 2012	Other	1623264
Denise Anne Bare	Chief compliance officer	1 Jan 2014	Other	2723108
Daniel Becerra	Chief compliance officer	1 Aug 2014	Other	4166468
Scot Arthur Gray	Chief information officer	1 Aug 2014	Other	6373787
Maryanne Greenberg	Chief compliance officer	1 Sep 2015	Other	221773

Based in Beverly Hills

The principal office where Beverly Hills Wealth Management, LLC performs its advisory services is located at 9454 Wilshire Blvd., Beverly Hills, CA 90212, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (310) 859-1600 or by fax (310) 362-0311. The normal business hours are 8:00 a.m. to 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at bhwm.com.