Bordeaux Wealth Advisors LLC (Menlo Park)

Name: Bordeaux Wealth Advisors LLC
Address: 3000 Sand Hill Road, Menlo Park, CA, 94025
Telephone: 650-289-1105

Bordeaux Wealth Advisors LLC is a large advisory firm based in Menlo Park. It manages $2.28 billion of regulatory assets for 127 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Texas, and Washington.

Bordeaux Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bordeaux Wealth Advisors: assets under management

The assets under management (AUM) of Bordeaux Wealth Advisors LLC is $2.28 billion. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.8 billion in discretionary accounts and $475.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $36.56 million.

Bordeaux Wealth Advisors has custody of $626.66 million in cash and securities for 43 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 61% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bordeaux Wealth Advisors LLC for their services and products based on a percentage of assets under management 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 Bordeaux Wealth Advisors serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Bordeaux Wealth Advisors is high net worth individuals with 124 clients and $2.23 billion of assets under management. Among the 8 most similar advisory firms, Bordeaux Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.28 billion for 127 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.

Bordeaux Wealth Advisors doesn't advise any private funds.

Careers at Bordeaux Wealth Advisors LLC

The company employs 12 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 10 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 compensates 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
Llc Focus Operating	Member (manager)	1 Mar 2017	75% - 100%	20-8161914
Thomas Carl Myers	Managing partner, ceo & cco	1 Mar 2017	Other	2811802
David Keith Murdock	Managing partner	1 Mar 2017	Other	2280830

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Menlo Park

The principal office where Bordeaux Wealth Advisors LLC performs its advisory services is located at 3000 Sand Hill Road, Menlo Park, CA 94025, 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 650-289-1105 or by fax 650-472-8016. The normal business hours are 8:00 am - 5 pm on Monday - Friday. You can find more information about the New York firm at bordeauxwealthadvisors.com and its LinkedIn profile.