Biltmore Family Office, LLC (Charlotte)

Name: Biltmore Family Office, LLC
Address: 6836 Morrison Boulevard, Charlotte, NC, 28211
Telephone: 704-248-5230

Biltmore Family Office, LLC is a large advisory firm based in Charlotte. It manages $1.58 billion of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, New Hampshire, North Carolina, and 3 other states.

Biltmore Family Office 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Biltmore Family Office: assets under management

The assets under management (AUM) of Biltmore Family Office, LLC is $1.58 billion. The firm's AUM has grown by 2764% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $887.55 million in discretionary accounts and $696.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.13 million.

Biltmore Family Office has custody of $539.79 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 28% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Biltmore Family Office, 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 Biltmore Family Office serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Biltmore Family Office is high net worth individuals with 40 clients and $1.57 billion of assets under management. Among the 7 most similar advisory firms, Biltmore Family Office has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.57 billion for 52 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.

Biltmore Family Office doesn't advise any private funds.

Careers at Biltmore Family Office, LLC

The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 9 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 don’t receive compensation from other entities for client referrals.

Mark Ervin Roberts has served as the Chief Investment Officer since 1 Mar 2013. Inc. Chac joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Henry Amherst Cecil	President / chief compliance officer	1 Mar 2013	Other	1842207
Mark Ervin Roberts	Chief investment officer	1 Mar 2013	Other	2229420
Llc Bfo Holdings	Owner	1 Apr 2013	75% - 100%	46-2489233
Scott Keith Mullen	Partner	1 Apr 2014	Other	1617218
Michael C Farrell	Partner	1 Apr 2014	Other	2060753
Nicole Marie Gokey	Partner	1 May 2015	Other	5062486
Israel Karro Gorelick	Head of investments	1 Feb 2017	Other	6027966
Inc. Chac	Member	1 Sep 2017	25% - 50%	46-2521708

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Emmett Wayne Gibson	Managing member	1 Nov 2009	50% - 75%	6029583
Mark Ervin Roberts	Managing member	1 Jan 2012	50% - 75%	2229420
Christopher Henry Amherst Cecil	President	1 Apr 2013	75% - 100%	1842207
Llc Ironsides Asset Advisors	Managing member	1 Apr 2013	25% - 50%	161683
Inc. Chac	Managing member	1 Apr 2013	50% - 75%	12-4567894
Llc Chac	Managing member	1 Apr 2013	50% - 75%	12-4567894

Based in Charlotte

The principal office where Biltmore Family Office, LLC performs its advisory services is located at 6836 Morrison Boulevard, Charlotte, NC 28211, which is also the mailing address of the firm. An additional office of the firm is in Orlando, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-248-5230 or by fax 704-248-5229. The normal business hours are 9:00 am t0 5:00 pm on Monday - Friday. You can find more information about the New York firm at biltmorefamilyoffice.com.