Brickstreet Equity Management LLC (Asheville)

Name: Brickstreet Equity Management LLC
Address: Two Town Square Blvd, Asheville, NC, 28803 5022
Telephone: (828) 232-2223

Brickstreet Equity Management LLC is a large advisory firm based in Asheville. It manages $97 million of regulatory assets for 340 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 3 other states.

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

Brickstreet Equity Management: assets under management

The assets under management (AUM) of Brickstreet Equity Management LLC is $97 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $285.29 thousand each.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 30% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in investment grade corporate bonds form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Brickstreet Equity Management LLC for their services and products based on a percentage of assets under management. 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 Matthew Callen Burril 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 Matthew Callen Burril is high net worth individuals with 60 clients and $73 million of assets under management. Among the 6 most similar advisory firms, Brickstreet Equity Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $97 million for 157 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.

Brickstreet Equity Management doesn't advise any private funds.

Careers at Brickstreet Equity Management LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 don’t receive compensation from other entities for client referrals.

Matthew Callen Burril has been acting as President since 1 Jan 2009. Karen Owenby Cogburn joined the executive team most recently as the Vice President And Operations Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Callen Burril	Managing member/president/chief compliance officer	1 Jan 2009	75% - 100%	1374057
Karen Owenby Cogburn	Vice president and operations manager	1 Jan 2009	Other	2438376

Based in Asheville

The principal office where Brickstreet Equity Management LLC performs its advisory services is located at Two Town Square Blvd, Asheville, NC 28803 5022, 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 (828) 232-2223 or by fax (828) 232-2224. 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 brickstreetequity.com.