Berkson Asset Management, Inc. (Woodland Hills)


Berkson Asset Management, Inc. is a large advisory firm based in Woodland Hills. It manages $156.7 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of California.

Berkson Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Berkson Asset Management: assets under management

The assets under management (AUM) of Berkson Asset Management, Inc. is $156.7 million. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $21.78 million in discretionary accounts and $134.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $984.84 thousand.
Berkson Asset Management has custody of $11.97 million in cash and securities for 14 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 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Berkson Asset Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Michael Berkson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Steven Michael Berkson is high net worth individuals with 34 clients and $114.98 million of assets under management. Among the 9 most similar advisory firms, Berkson Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.7 million for 93 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.

Berkson Asset Management doesn't advise any private funds.

Careers at Berkson Asset Management, Inc.

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 2 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.

Steven Michael Berkson has been acting as President since 1 Oct 1995. Scott Jeffrey Berkson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Steven Michael Berkson President 1 Oct 1995 50% - 75% 2686423
Sherri Rae Berkson Secretary 1 Oct 1995 50% - 75% 4786826
Steven M Berkson President 1 Oct 1995 50% - 75% 2686423
Scott Jeffrey Berkson Chief compliance officer 1 Feb 2010 Other 5765458

Based in Woodland Hills

The principal office where Berkson Asset Management, Inc. performs its advisory services is located at 5550 Topanga Canyon Blvd,, Woodland Hills, CA 91367, 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 818-713-8060 or by fax 818-713-8061. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at berkson.net.