Berkshire Property Advisors, LLC is a large advisory firm based in Boston. It manages $9.67 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Massachusetts, New York, and Texas.
Berkshire Property Advisors provides portfolio management for pooled investment vehicles 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.
The assets under management (AUM) of Berkshire Property Advisors, LLC is $9.67 billion. The firm's AUM has grown by 129% since the beginning of its operation, and $7.89 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Berkshire Property Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Joseph Frederick Azrack is pooled investment vehicles with 18 clients and $9.66 billion of assets under management. Among the 11 most similar advisory firms, Berkshire Property Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $9.66 billion for 18 clients. 5% of the firm’s clients are foreign persons or businesses.
Berkshire Property Advisors also advises several private funds. Namely, eighteen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 166 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No 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.
Joseph Frederick Azrack has been acting as President since 1 Sep 2014. C. Ronald Blankenship joined the executive team most recently as the Director, Chairman.
The principal office where Berkshire Property Advisors, LLC performs its advisory services is located at One Beacon Street, Boston, MA 02108 3116, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-646-2300 or by fax 617-646-2370. The normal business hours are 8:45 a.m - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at berkshirepropertyadvisors.com and its LinkedIn profile.