Bel Air Investment Advisors LLC (Los Angeles)


Bel Air Investment Advisors LLC is a large advisory firm based in Los Angeles. It manages $7.86 billion of regulatory assets for 1,530 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 15 other states.

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

Bel Air Investment Advisors: assets under management

The assets under management (AUM) of Bel Air Investment Advisors LLC is $7.86 billion. The firm's AUM has grown by 65% since the beginning of its operation, and $28.72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.85 billion in discretionary accounts and $10.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $358.18 thousand.
Bel Air Investment Advisors has custody of $4.65 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bel Air Investment Advisors 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 Sylvain Brosseau serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Sylvain Brosseau is high net worth individuals with 528 clients and $7.14 billion of assets under management. Among the 3 most similar advisory firms, Bel Air Investment Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $7.86 billion for 655 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.

Bel Air Investment Advisors doesn't advise any private funds.

Careers at Bel Air Investment Advisors LLC

The company employs 53 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 18 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 receive compensation from other entities for client referrals.

Sylvain Brosseau has been acting as President since 1 Jan 2015. Charles Peter Mayer has served as the Chief Investment Officer since 1 Jan 2004. David Sadkin joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kathleen Kirtland Silverman Trustee 1 Nov 1991 Other 5210984
Todd Michael Morgan Sr managing director 1 Dec 1997 Other 340082
Reed Elmo Halladay Managing director 1 Dec 1997 Other 832677
Reed E Halladay Managing director/trustee 1 Dec 1997 Other 832677
William R Feiler Managing director 1 Dec 1997 Other 1332641
Thomas Sachs Morgan Managing director/co-chief operating officer 1 Dec 1997 Other 1659551
Darell Leonard Krasnoff Managing director 1 Apr 1998 Other 1030687
Michael Anthony Sanchez Chief compliance officer/co-chief operating officer 1 Oct 1998 Other 1447606
Jack Geoffrey Watkinson Controller 1 Mar 2000 Other 4131465
State Street Bank & Trust Company Majority owner 1 Feb 2001 75% - 100% 04-1867445
Morgan Family Trust Dtd 05/30/95 Member 1 Feb 2001 Other xxx-xx-xxxx
Halladay Family Trust Dtd 06/29/95 Member 1 Feb 2001 Other xxx-xx-xxxx
Kenneth Naehu Managing director 1 Feb 2001 Other 1948458
Michael William Powers Managing director 1 Feb 2001 Other 2553028
James Truman Stephenson Managing director 1 Feb 2001 Other 3180696
Cheri Elyse Morgan Trustee 1 Feb 2001 Other 4369020
Christine A.S. Halladay Trustee 1 Feb 2001 Other 4369039
Michael & Jodi Powers Trust Member 1 Feb 2001 Other xxx-xx-xxxx
Jodi L. Powers Trustee 1 Feb 2001 Other 4519421
Kenneth Nmn Naehu Managing director/trustee 1 Feb 2001 Other 1948458
Christine Alene Smith Halladay Trustee 1 Feb 2001 Other 4369039
Kevin T Brown Co-chief operating officer 1 Aug 2001 Other 1366279
Richard Todd Freilich Managing director 1 Jul 2002 Other 1162119
Charles Peter Mayer Chief investment officer 1 Jan 2004 Other 837324
Matthew Anhut Cco/clo 1 Jan 2005 Other 4900647
Matthew Dwyer Anhut Chief compliance officer 1 Jan 2005 Other 4900647
Philiip Ronald Harrington Chief financial officer 1 May 2006 Other 5211644
Halladay 2006 Irrevocable Trust Member 1 Jul 2006 Other xxx-xx-xxxx
Todd M. Morgan Separate Property Trust Member 1 Jul 2006 Other xxx-xx-xxxx
Morgan 2006 Irrevocable Trust Member 1 Jul 2006 Other xxx-xx-xxxx
Craig Andrew Brothers Managing director 1 Jul 2006 Other 1342134
Andrew Douglas Palmer Managing director/trustee 1 Jul 2006 Other 2827779
Mitchell Craig Milias Managing director 1 Jul 2006 Other 2641239
Tyler Klayton Kelley Managing director 1 Jul 2006 Other 4431706
Ronald Jay Silverman Managing director 1 Jul 2006 Other 4149744
Jack Raymond Suzar Managing director/trustee 1 Jul 2006 Other 4046800
Palmer Trust Member 1 Jul 2006 Other xxx-xx-xxxx
Kenneth Naehu & Cynthia Naehu Trust Member 1 Jul 2006 Other xxx-xx-xxxx
Jack Suzar Family Trust Member 1 Jul 2006 Other xxx-xx-xxxx
Cynthia Mayumi Naehu Trustee 1 Jul 2006 Other 5210978
Helen Joy Palmer Trustee 1 Jul 2006 Other 5211222
Darell Krasnoff Trust Member 1 Aug 2006 Other xxx-xx-xxxx
Todd M. Morgan 2001 Irrevocable Trust Member 1 Nov 2008 Other 47-4505734
Reed Halladay Irrevocable Childrens Trust Member 1 Nov 2008 Other 52-8609979
Silverman Family Trust Member 1 Jan 2010 Other xxx-xx-xxxx
Gary Matthew Flam Managing director/member 1 Jan 2010 Other 2428438
Fiera Us Holding Inc. Sole member 1 Oct 2013 75% - 100% 46-3936165
Jane Frances Eagle Chief financial officer 1 Mar 2014 Other 2250187
Sylvain Brosseau President 1 Jan 2015 Other 5849917
Tyler Klayton Kelley Chief operating officer 1 Jan 2015 Other 4431706
Andrew Joseph Dunbar General counsel/chief compliance officer 1 Feb 2015 Other 6464724
David Sadkin President 1 Aug 2017 Other 5110710

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
State Street Corporation Owner 1 Jan 1961 75% - 100% 04-2456637
Jean Guy Desjardins Shareholder 1 Dec 2001 75% - 100% 4341072
Arvestia Inc. Shareholder 1 Oct 2006 50% - 75% foreign
Djm Capital Inc. Shareholder 1 Oct 2006 50% - 75% foreign
Fiera Corporation Shareholder 1 Oct 2006 75% - 100% foreign
Fiera International Inc. Shareholder 1 Oct 2006 75% - 100% foreign
Fiera Capital Lp Shareholder 1 Sep 2010 25% - 50% foreign
Fiera Holdings Inc. General partner 1 Sep 2010 Other foreign
Desjardins Financial Corporation Shareholder 1 Jan 2011 25% - 50% foreign
Desjardins Financial Holding Inc. Shareholder 1 Jan 2011 25% - 50% foreign
Natcan Investment Management Shareholder 1 Apr 2012 25% - 50% foreign
National Bank Of Canada Shareholder 1 Apr 2012 75% - 100% foreign
Fiera Capital Corporation Shareholder 1 Oct 2013 75% - 100% foreign

Based in Los Angeles

The principal office where Bel Air Investment Advisors LLC performs its advisory services is located at 1999 Avenue Of The Stars, Los Angeles, CA 90067, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-229-1500 or by fax 424-386-4876. The normal business hours are 6:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at belair-llc.com.

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