Biegel & Waller LLC (Columbia)

Name: Biegel & Waller LLC
Address: 10211 Wincopin Circle, Columbia, MD, 21044
Telephone: 410-997-0994

Biegel & Waller LLC is a large advisory firm based in Columbia. It manages $511.63 million of regulatory assets for 1,256 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Delaware, District of Columbia, and 9 other states.

Biegel & Waller provides portfolio management for individuals and small businesses and investment consultng. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Biegel & Waller: assets under management

The assets under management (AUM) of Biegel & Waller LLC is $511.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 881% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $511.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $407.35 thousand each.

Biegel & Waller has custody of $42.37 million in cash and securities for 25 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 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Biegel & Waller LLC for their services and products based on a percentage of assets under management and fixed 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 Biegel & Waller serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Biegel & Waller is high net worth individuals with 183 clients and $446.06 million of assets under management. Among the 5 most similar advisory firms, Biegel & Waller has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $510.09 million for 318 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.

Biegel & Waller doesn't advise any private funds.

Careers at Biegel & Waller LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
James B Waller	Managing member	1 Jul 2000	50% - 75%	3077926
Mark David Biegel	Managing member	1 Jul 2000	50% - 75%	3070942
Mark Biegel	Managing member	1 Jul 2000	50% - 75%	3070942
Tracey Ann Smith	Associate portfolio strategist	1 Jun 2005	Other	3130133
Steven Anthony Jaworski	Senior portfolio strategist	1 Jan 2007	Other	2820721
Steven Anthony Jaworsky	Senior portfolio strategist	1 Jan 2007	Other	2820721
Peter P Jenkins	Chief compliance officer & managing director	1 Apr 2010	Other	2443917

Based in Columbia

The principal office where Biegel & Waller LLC performs its advisory services is located at 10211 Wincopin Circle, Columbia, MD 21044, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-997-0994 or by fax 410-997-8473. The normal business hours are 8:30a-5:30p on Monday - Friday. You can find more information about the New York firm at biegelwaller.com.