Buckingham Asset Management, LLC (St Louis)


Buckingham Asset Management, LLC is a large advisory firm based in St Louis. It manages $15.51 billion of regulatory assets for 28,951 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Buckingham Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Buckingham Asset Management: assets under management

The assets under management (AUM) of Buckingham Asset Management, LLC is $15.51 billion. The firm's AUM has grown by 857% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.43 billion in discretionary accounts and $1.08 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $525.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $716.6 thousand.
Buckingham Asset Management has custody of $5.3 billion in cash and securities for 6,536 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 68% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Buckingham Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul Steven Forman serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul Steven Forman is high net worth individuals with 3,512 clients and $11.87 billion of assets under management. Among the 11 most similar advisory firms, Buckingham Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $15.51 billion for 8,824 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.

Buckingham Asset Management doesn't advise any private funds.

Careers at Buckingham Asset Management, LLC

The company employs 448 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 190 employees are registered as investment adviser representatives with the state securities authorities.

There are 56 people 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 receive compensation from other entities for client referrals.

Paul Steven Forman has been acting as President since 1 Feb 2007. Jared Hardin Kizer has served as the Chief Investment Officer since 1 Jan 2015. Wendy Louise Hartman joined the executive team most recently as the Member Of Board Of Directors Of Bam Management Llc, President Buckingham.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Larry Edward Swedroe Member of board of managers 1 Feb 2007 Other 2766265
Mont Seasongood Levy Member of board of managers 1 Feb 2007 Other 2718500
Vladimir Masek Member of board of managers 1 Feb 2007 Other 4542988
Llc Focus Operating Member (manager) 1 Feb 2007 75% - 100% 20-8161914
Bert Schweizer Managing director 1 Feb 2007 Other 2508120
Paul Steven Forman Director 1 Feb 2007 Other 1198450
Steven Harvey Funk Director 1 Feb 2007 Other 2577559
Stuart J. Zimmerman Managing director 1 Feb 2007 Other 4354021
Edward Karl Goldberg Director 1 Feb 2007 Other 2669958
Joseph Henry Hempen Managing director 1 Feb 2007 Other 1489690
Robert Frederick Gellman Director 1 Feb 2007 Other 4542961
Susan Lynn Shackelforddavis Director 1 Feb 2007 Other 874696
Kenneth Alan Katzif Managing director 1 Feb 2007 Other 4627858
Stephen Jay Lourie Director 1 Feb 2007 Other 5295402
Stuart Joseph Zimmerman Managing director 1 Feb 2007 Other 4354021
Bert (Nmn) Schweizer Managing director 1 Feb 2007 Other 2508120
Vladimir (Nmn) Masek Director 1 Feb 2007 Other 4542988
Susan Lynn Shackelford Davis Principal 1 Feb 2007 Other 874696
Adam Lawrence Birenbaum Member of board of managers, chief executive officer 1 Jan 2009 Other 4704552
Ernest Lee Clark Director 1 Jan 2009 Other 4581396
Brenda Christine Witt Director, director of finance 1 Jan 2009 Other 5639554
Alfred Sears Member of board of managers, chief operating officer 1 Jan 2011 Other 4554558
Jeffrey Scott Remming Member of board of managers 1 Jan 2011 Other 4299505
Joseph Shawn Goldberg Principal 1 Jan 2011 Other 4542979
Madaline Ann Creehan Principal 1 Jan 2011 Other 4611017
Thelia Ann Eagan Principal 1 Jan 2012 Other 4499078
Brent Michael Thomas Principal 1 Jan 2012 Other 2351353
Robert Gene Kresek Principal 1 Oct 2012 Other 2441476
Jovita Ruiz Honor Principal 1 Oct 2012 Other 3098129
Daniel Everett Haynes Chief compliance officer 1 Nov 2012 Other 6164667
Jared Scott Hoffman Director of operations 1 Jan 2013 Other 6316297
Shannon O'toole Kuhlman Member of board of managers, chief talent officer 1 Jan 2013 Other 6316470
Jared Hardin Kizer Principal 1 Jan 2013 Other 4636473
David William Levin Member of board of managers, president 1 Mar 2013 Other 6316062
Daniel Mark Anderson Director of finance 1 Jan 2014 Other 6315965
Jared Hardin Kizer Chief investment officer 1 Jan 2015 Other 4636473
Salvatore John Papa General counsel and chief compliance officer 1 Jun 2015 Other 6518851
Salvatore John Papa Member of board of directors of bam management llc, general counsel and chief compliance officer 1 Jun 2016 Other 6518851
Alexander Bennett Potts Member of board of directors of bam management, llc, chairman, advisor services 1 Dec 2018 Other 1765245
Michael Ray Clinton President, advisor services 1 Dec 2018 Other 2721577
Wendy Louise Hartman Member of board of directors of bam management llc, president- buckingham 1 May 2019 Other 2904038
Justin Christopher Ferri Member of board of directors of bam management llc, chairman - buckingham 1 May 2019 Other 4125467

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.P. Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 04-3540852
Llc Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 135263
Lp Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 04-3540852
L.P. Summit Ventures Via Member 1 Jan 2006 50% - 75% 04-3540853
L.P. Summit Ventures Vi A Member (manager) 1 Jan 2006 25% - 50% 04-3540853
Llc Focus Financial Partners Member 1 Dec 2006 75% - 100% 16-1728260
Llc Focus Financial Partners Member 1 Jan 2007 75% - 100% 16-1728260
L.P. Centerbridge Associates Ii General partner 1 Jul 2013 Other 27-3060145
L.P Cp Falcon Aiv Member 1 Oct 2013 25% - 50% 36-4767158
L.P. Trident Vi Parallel Fund Member 1 Apr 2017 75% - 100% 98-1132009
Trident Ffp Blocker Llc Limited partner 1 May 2017 25% - 50% 82-1662776
L.P. Trident Vi Limited partner 1 May 2017 25% - 50% 98-1131820
L.P. Trident Ffp Member 1 Jul 2017 25% - 50% 82-1662703
Focus Financial Partners Inc. Member 1 Jul 2018 75% - 100% 47-4780811

Based in St Louis

The principal office where Buckingham Asset Management, LLC performs its advisory services is located at 8182 Maryland Avenue, St Louis, MO 63105, which is also the mailing address of the firm. An additional office of the firm is in Santa Rosa, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-725-0455 or by fax 314-725-7022. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at investmentadvisornow.com.