Bingham, Osborn & Scarborough LLC (San Francisco)


Bingham, Osborn & Scarborough LLC is a large advisory firm based in San Francisco. It manages $4.06 billion of regulatory assets for 3,424 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Bingham, Osborn & Scarborough 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, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bingham, Osborn & Scarborough: assets under management

The assets under management (AUM) of Bingham, Osborn & Scarborough LLC is $4.06 billion. The firm's AUM has grown by 623% since the beginning of its operation, and $6.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.48 billion in discretionary accounts and $576.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.82 million.
Bingham, Osborn & Scarborough has custody of $1.87 billion in cash and securities for 680 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 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bingham, Osborn & Scarborough LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Margaret Warner Chambers serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Margaret Warner Chambers is high net worth individuals with 708 clients and $3.22 billion of assets under management. Among the 11 most similar advisory firms, Bingham, Osborn & Scarborough has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.06 billion for 912 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.

Bingham, Osborn & Scarborough doesn't advise any private funds.

Careers at Bingham, Osborn & Scarborough LLC

The company employs 41 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. 27 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Margaret Warner Chambers has been acting as President since 1 Aug 2007. Earl Dodge Osborn has served as the Chief Investment Officer since 1 Nov 2004. Kudu Investment Management Llc joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Dorsey Bingham Principal 1 May 1989 25% - 50% 1006185
Earl Dodge Osborn Principal 1 May 1989 25% - 50% 1251710
John Sargeant Scarborough Principal 1 May 1989 25% - 50% 1073500
William Robert Urban Principal 1 Jun 1998 Other 4360481
David John Campbell Manager 1 Jan 2001 Other 1070076
Jeffrey Devereaux Lancaster Principal 1 Jan 2001 Other 4360489
Richard Thomas Golinski Principal 1 Jan 2001 Other 1204369
Carol Louise Benz Manager/chief compliance officer 1 May 2003 Other 4683527
Jonathan Hayes Parker Manager 1 Feb 2004 Other 4721278
Inc. Boston Private Financial Holdings Member 1 Feb 2004 50% - 75% 042976299
Jonathan H Parker Director 1 Feb 2004 Other 4721278
Earl Dodge Osborn Chief investment officer 1 Nov 2004 Other 1251710
Richard Thomas Golinski Principal 1 Jan 2005 Other 1204369
John Sargeant Scarborough Principal 1 Apr 2005 Other 1073500
William Robert Urban Principal 1 Apr 2005 Other 4360481
David John Campbell Director 1 Apr 2005 Other 1070076
Jennifer Lynn Ellison Principal 1 Aug 2007 Other 2589040
Margaret Warner Chambers Director 1 Aug 2007 Other 3047999
John M Burns Manager 1 Jan 2008 Other 5168894
Joseph Henry Cromarty Manager 1 Apr 2008 Other 2351673
Kevin Donald Dorwin Manager 1 Jul 2008 Other 2919345
Jennifer Lynn Ellison Manager 1 Dec 2008 Other 2589040
Clayton George Deutsch Manager 1 Oct 2010 Other 5860322
David J Kaye Manager 1 Mar 2011 Other 5903932
Kudu Investment Management Llc Member 1 Dec 2018 25% - 50% 174350
Richard Thomas Golinski Manager 1 Dec 2018 Other 1204369
Jennifer Lynn Ellison Manager 1 Dec 2018 Other 2589040
Aaron Paul Waxman Manager 1 Dec 2018 Other 4752617
Jeffrey Devereaux Lancaster Member 1 Dec 2018 Other 4360489
Colleen Sue Breit Supran Member 1 Dec 2018 Other 1695697
Myles Andrew Vanderweele Member 1 Dec 2018 Other 6311912

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Guilford Holdings Shareholder 1 Aug 2006 75% - 100% 20-5264121
Robert Scott Jakacki Director / member / co-ceo / chief investment officer 1 Dec 2014 Other 2223676
Charles Anthony Ruffel Director / member / co-ceo / executive chairman 1 Dec 2014 Other 5874566
Ltd. White Mountains Insurance Group Shareholder 1 Sep 2017 75% - 100% 94-2708455
Inc. White Mountains Capital Member 1 Feb 2018 75% - 100% 57-1163892
George Manning Rountree Director 1 Feb 2018 Other 5655569
Jonathan Adam Cramer Director 1 Feb 2018 Other 4057220
Wesley Conger Bell Director 1 Feb 2018 Other 6912751

Based in San Francisco

The principal office where Bingham, Osborn & Scarborough LLC performs its advisory services is located at 345 California Street, Suite 1100, San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in Redwood City, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-781-8535 or by fax 415-291-9575. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at bosinvest.com and its LinkedIn profile.