Bason Asset Management LLC (Lakewood)

Name: Bason Asset Management LLC
Address: 355 S. Teller St., Lakewood, CO, 80226
Telephone: 720-446-8555

Bason Asset Management LLC is a large advisory firm based in Lakewood. It manages $238.27 million of regulatory assets for 481 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Indiana, and 4 other states.

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

Bason Asset Management: assets under management

The assets under management (AUM) of Bason Asset Management LLC is $238.27 million. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $233.22 million in discretionary accounts and $5.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $532.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.51 thousand.

Bason Asset Management has custody of $187.8 million in cash and securities for 75 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 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bason Asset Management LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bason Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bason Asset Management is high net worth individuals with 50 clients and $205.11 million of assets under management. Among the 8 most similar advisory firms, Bason Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $238.27 million for 86 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.

Bason Asset Management doesn't advise any private funds.

Careers at Bason Asset Management LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Daniel Osborne	Ceo/cco	1 Aug 2012	75% - 100%	4907938

Based in Lakewood

The principal office where Bason Asset Management LLC performs its advisory services is located at 355 S. Teller St., Lakewood, CO 80226, which is also the mailing address of the firm. An additional office of the firm is in Spring, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 720-446-8555 or by fax 720-438-7087. The normal business hours are 8-4 on Monday - Friday. You can find more information about the New York firm at basonasset.com and its LinkedIn profile.