Bigsur Wealth Management, LLC is a large advisory firm based in Miami. It manages $956.93 million of regulatory assets for 232 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Delaware and Florida.
Bigsur Wealth Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and portfolio consulting, family office & reporting services. 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 Bigsur Wealth Management, LLC is $956.93 million. The firm's AUM has grown by 147% since the beginning of its operation, and $763.57 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bigsur Wealth Management, LLC 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 high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Bigsur Wealth Management is corporations or other businesses with 72 clients and $849.52 million of assets under management. Among the 8 most similar advisory firms, Bigsur Wealth Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $956.93 million for 108 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 80% of the firm’s clients are foreign persons or businesses.
Bigsur Wealth Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $200,000 for each fund.
The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 3 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.
The principal office where Bigsur Wealth Management, LLC performs its advisory services is located at 1441 Brickell Avenue, Miami, FL 33131, 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 305-740-6777 or by fax 305-350-9998. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at bigsurpartners.com and its LinkedIn profile.