Bellevue Asset Management, LLC (Bellevue)

Name: Bellevue Asset Management, LLC
Address: 11400 Se 8 Th Street, Bellevue, WA, 98004
Telephone: 425-289-1041

Bellevue Asset Management, LLC is a large advisory firm based in Bellevue. It manages $212.04 million of regulatory assets for 572 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Oregon, Texas, and Washington.

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

Bellevue Asset Management: assets under management

The assets under management (AUM) of Bellevue Asset Management, LLC is $212.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $212.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.7 thousand each.

Bellevue Asset Management has custody of $135.89 million in cash and securities for 207 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 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bellevue Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and 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 Bellevue Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bellevue Asset Management is high net worth individuals with 91 clients and $149.67 million of assets under management. Among the 8 most similar advisory firms, Bellevue Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $207.93 million for 287 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.

Bellevue Asset Management doesn't advise any private funds.

Careers at Bellevue 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
Michael Ramirez Vila	Member	1 Jan 2004	50% - 75%	3264025
Jill Christine Mcvey	Chief compliance officer/member	1 Jan 2004	25% - 50%	1540771
Lawrence Charles Hebner	Member	1 Jan 2004	25% - 50%	241275
Patsy Lynn Ridge	Member	1 Jan 2004	25% - 50%	1049817

Based in Bellevue

The principal office where Bellevue Asset Management, LLC performs its advisory services is located at 11400 Se 8 Th Street, Bellevue, WA 98004, 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 425-289-1041 or by fax 425-289-1049. The normal business hours are 6am to 3pm on Monday - Friday. You can find more information about the New York firm at bellevueasset.com.