Belleair Asset Management, LLC (Belleair Bluffs)

Belleair Asset Management, LLC is a large advisory firm based in Belleair Bluffs. It manages $119.39 million of regulatory assets for 259 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and Texas.

Belleair Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Belleair Asset Management: assets under management

The assets under management (AUM) of Belleair Asset Management, LLC is $119.39 million. The firm's AUM has grown by 6% since the beginning of its operation, and $268.52 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $69.76 million in discretionary accounts and $49.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.34 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $740.76 thousand.

Belleair Asset Management has custody of $83.68 million in cash and securities for 83 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 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Belleair Asset Management, 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 Belleair Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Belleair Asset Management is high net worth individuals with 33 clients and $92.55 million of assets under management. Among the 12 most similar advisory firms, Belleair Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.39 million for 107 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.

Belleair Asset Management doesn't advise any private funds.

Careers at Belleair Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Milton Clark	Member / chief compliance officer	1 Oct 2017	75% - 100%	1471379
Tina E Clark	Vice president operations	1 Oct 2017	25% - 50%	734145

Based in Belleair Bluffs

The principal office where Belleair Asset Management, LLC performs its advisory services is located at 259 Indian Rocks Road North, Belleair Bluffs, FL 33770, 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 727-586-3541 or by fax 727-559-8889. The normal business hours are 9:00-5:00 on Monday - Friday.