Biechele Royce Advisors, Inc. (Fishers)

Name: Biechele Royce Advisors, Inc.
Address: 11634 Maple Street, Suite 300, Fishers, IN, 46038
Telephone: 317-913-7000

Biechele Royce Advisors, Inc. is a large advisory firm based in Fishers. It manages $316.27 million of regulatory assets for 469 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Indiana, Kentucky, Missouri, and Ohio.

Biechele Royce Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Biechele Royce Advisors: assets under management

The assets under management (AUM) of Biechele Royce Advisors, Inc. is $316.27 million. The firm's AUM has grown by 589% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $290.34 million in discretionary accounts and $25.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $635.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.16 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Biechele Royce Advisors, Inc. for their services and products based on a percentage of assets under management. 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.

What kind of clients Justin B Whelan serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Justin B Whelan is individuals with 351 clients and $151.21 million of assets under management. Among the 11 most similar advisory firms, Biechele Royce Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $316.27 million for 465 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.

Biechele Royce Advisors also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at Biechele Royce Advisors, Inc.

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Justin B Whelan has been acting as President since 1 Nov 1994. Thomas Andrew Barrett has served as the Chief Investment Officer since 1 Jul 2007. John Wendell Rosebrough joined the executive team most recently as the Advisor Representative.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Justin B Whelan	President/chief compliance officer	1 Nov 1994	75% - 100%	2053714
Jeffrey Ortho Pickett	Chief investment officer	1 Jun 2000	Other	4061648
Mark E Johnson	Chief investment officer	1 Apr 2007	Other	1737340
Thomas Andrew Barrett	Chief investment officer	1 Jul 2007	Other	4629336
Christopher Royce Norwood	Advisor representative	1 Mar 2009	Other	2422919
John Wendell Rosebrough	Advisor representative	1 Jul 2009	Other	2677560

Based in Fishers

The principal office where Biechele Royce Advisors, Inc. performs its advisory services is located at 11634 Maple Street, Suite 300, Fishers, IN 46038, 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 317-913-7000 or by fax 317-913-7020. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at biechele-royce.com.