R H Bluestein & Co is a large advisory firm based in Birmingham. It manages $2.9 billion of regulatory assets for 1,363 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 21 other states.
R H Bluestein & provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and see schedule d. 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 R H Bluestein & Co is $2.9 billion. The firm's AUM has grown by 3% since the beginning of its operation, and $867 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay R H Bluestein & Co for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Robert Harry Bluestein is high net worth individuals with 845 clients and $2.59 billion of assets under management. Among the 10 most similar advisory firms, R H Bluestein & has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.88 billion for 971 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.
R H Bluestein & also advises several private funds. Namely, three hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $500,000.
The company employs 27 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 8 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.
Robert Harry Bluestein has been acting as President since 1 Feb 1991. Michele Marion Payment joined the executive team most recently as the Chief Compliance Officer.
The principal office where R H Bluestein & Co performs its advisory services is located at 260 East Brown Street, Birmingham, MI 48009, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-646-4000 or by fax 248-646-9866. The normal business hours are 8:30am - 6:00pm on Monday - Friday. You can find more information about the New York firm at rhbco.com.